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ZIP Code · IN

ZIP 47303

Part of Muncie, IN
Pop. 24,392·Delaware County·124th most expensive ZIP in Indiana
Median rent (all units)
$1,012/mo
Year-over-Year
+6.6%
Month-over-Month
+3.7%
vs US Median
-$953
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47303 · $1,012
More affordable than 98% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$820
1 BR
$870
2 BR
$1,070
3 BR
$1,380
4 BR+
$1,730
Research median
$1,070/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
$12,144/yr
At $1,012/mo median
Location
CityMuncie
StateIN
CountyDelaware County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.6% YoY, +3.7% MoM), not inventory.
Demographics

Who lives here

ZIP 47303 (Muncie, IN) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 25.2% of residents hold a bachelor's degree or higher.

Population
24,392
Median income
$47,674
Median age
29.7
Renters
43.5%
Age distribution
16.4%
37.5%
20.7%
15.1%
Under 1816.4%
18–3437.5%
35–5420.7%
55–6410.3%
65+15.1%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
82.2%
White82.2%
Black9.2%
Hispanic2.6%
Asian0.8%
Other5.2%
Education (25+)
34.3%
29.6%
25.2%
No HS diploma10.8%
HS diploma34.3%
Some college29.6%
Bachelor's+25.2%
Housing tenure
56.5%
43.5%
Owner56.5%
Renter43.5%

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

2021 vs 2026

How ZIP 47303 in Muncie, IN has changed in 5 years

Income
$35,973 → $47,674
up 32.5%
Population
24,139 → 24,392
up 1.0%
Renter share
49.4% → 43.5%
-5.9 pts
Bachelor's+
24.1% → 25.2%
+1.1 pts
Median age
29.2 → 29.7
+0.5 yrs

Median household income climbed from $35,973 to $47,674 between 2021 and 2024, a 32.5% shift. Census counts show ZIP 47303 in Muncie, IN adding about 253 residents over the five-year window, up 1.0% on net. The renter share has eased from 49.4% to 43.5%, with owner-occupied housing accounting for the remainder.

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Local insights

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About renting in ZIP 47303

Last updated: July 20, 2026

ZIP code 47303 covers Muncie, IN. The median rent here is $1,012/mo as of July 2026. A 1-bedroom rents for a median of $870/mo. A 2-bedroom rents for a median of $1,070/mo.

At 25% of local median household income ($47,674/yr), ZIP 47303 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47303?

As of July 20, 2026, the median monthly rent in ZIP 47303 (Muncie, IN) is $1,012. This is based on aggregated data from public sources and community submissions.

How does ZIP 47303 rent compare to the US average?

ZIP 47303's median rent of $1,012/mo is $953 (48%) below the US national median of $1,965/mo.

How does ZIP 47303 compare to other ZIPs in Indiana?

ZIP 47303 is among the more affordable ZIP codes in Indiana, ranking #124 out of 144 ZIPs at $1,012/mo.

How much income do you need to rent in ZIP 47303?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (~$19/hour full-time) to afford the median rent of $1,012/mo in ZIP 47303. The local median household income is $47,674/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47303?

Rent in ZIP 47303 has increased 6.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 47303 an affordable place to rent?

ZIP 47303 is considered affordable for renters. At $1,012/mo, rent takes approximately 25% of the local median household income ($47,674/yr). The standard benchmark is 30%. ZIP 47303 falls comfortably within that range.

What percentage of ZIP 47303 residents rent vs. own?

According to Census data, approximately 43.5% of ZIP 47303 households are renters, while 56.5% are owner-occupied. ZIP 47303 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47303 compare to the rest of Muncie?

ZIP 47303 is pricier than Muncie as a whole. At $1,012/mo, it's $39 above the Muncie citywide median of $973/mo.

When was rent data for ZIP 47303 last updated?

Rent data for ZIP 47303 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,012/mo, rent takes ~25% of ZIP 47303's median household income ($47,674/yr). The standard benchmark is 30%.

ZIP 47303 25%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47303 (Muncie, IN)

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