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ZIP Code · IN

ZIP 47302

Part of Muncie, IN
Pop. 25,473·Delaware County·136th most expensive ZIP in Indiana
Median rent (all units)
$927/mo
Year-over-Year
-3.2%
Month-over-Month
-0.3%
vs US Median
-$1,038
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 47302 · $927
More affordable than 99% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$790
1 BR
$830
2 BR
$1,020
3 BR
$1,320
4 BR+
$1,650
Research median
$1,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$11,124/yr
At $927/mo median
Location
CityMuncie
StateIN
CountyDelaware County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.2% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 47302 (Muncie, IN) is majority owner-occupied, has a median income below the national average, 12% of residents hold a bachelor's degree or higher.

Population
25,473
Median income
$47,837
Median age
39.4
Renters
35.2%
Age distribution
22.7%
22.6%
24.2%
14.7%
15.8%
Under 1822.7%
18–3422.6%
35–5424.2%
55–6414.7%
65+15.8%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
85.6%
White85.6%
Black6.4%
Hispanic3.6%
Other4.1%
Education (25+)
14.7%
43.7%
29.5%
12%
No HS diploma14.7%
HS diploma43.7%
Some college29.5%
Bachelor's+12%
Housing tenure
64.8%
35.2%
Owner64.8%
Renter35.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 47302 in Muncie, IN has changed in 5 years

Income
$40,693 → $47,837
up 17.6%
Population
25,093 → 25,473
up 1.5%
Renter share
37.6% → 35.2%
-2.4 pts
Bachelor's+
11.9% → 12%
+0.1 pts
Median age
40.2 → 39.4
-0.8 yrs

Median household income rose from $40,693 to $47,837 between 2021 and 2024, a 17.6% shift. The population has grown by 1.5% since 2021, moving from about 25,093 residents to roughly 25,473. Renters now make up 35.2% of households, compared with 37.6% five years ago.

Community

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Local insights

Tips for renters in ZIP 47302

About renting in ZIP 47302

Last updated: July 20, 2026

ZIP code 47302 covers Muncie, IN. The median rent here is $927/mo as of July 2026. A 1-bedroom rents for a median of $830/mo. A 2-bedroom rents for a median of $1,020/mo.

At 23% of local median household income ($47,837/yr), ZIP 47302 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47302?

As of July 20, 2026, the median monthly rent in ZIP 47302 (Muncie, IN) is $927. This is based on aggregated data from public sources and community submissions.

How does ZIP 47302 rent compare to the US average?

ZIP 47302's median rent of $927/mo is $1,038 (53%) below the US national median of $1,965/mo.

How does ZIP 47302 compare to other ZIPs in Indiana?

ZIP 47302 is among the more affordable ZIP codes in Indiana, ranking #136 out of 144 ZIPs at $927/mo.

How much income do you need to rent in ZIP 47302?

To keep rent at or below 30% of gross income, you would need to earn at least $37,000/year (~$18/hour full-time) to afford the median rent of $927/mo in ZIP 47302. The local median household income is $47,837/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47302?

Rent in ZIP 47302 has decreased 3.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 47302 an affordable place to rent?

ZIP 47302 is considered very affordable for renters. At $927/mo, rent takes approximately 23% of the local median household income ($47,837/yr). The standard benchmark is 30%. ZIP 47302 falls comfortably within that range.

What percentage of ZIP 47302 residents rent vs. own?

According to Census data, approximately 35.2% of ZIP 47302 households are renters, while 64.8% are owner-occupied. ZIP 47302 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47302 compare to the rest of Muncie?

ZIP 47302 is more affordable than Muncie overall. At $927/mo, it's $46 below the Muncie citywide median of $973/mo.

When was rent data for ZIP 47302 last updated?

Rent data for ZIP 47302 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $927/mo, rent takes ~23% of ZIP 47302's median household income ($47,837/yr). The standard benchmark is 30%.

ZIP 47302 23%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47302 (Muncie, IN)

Recent submissions

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