RentDataNowRentDataNow
ZIP Code · IN

ZIP 47305

Part of Muncie, IN
Pop. 3,556·Delaware County·142nd most expensive ZIP in Indiana
Median rent (all units)
$796/mo
Year-over-Year
Stable
Month-over-Month
-3.2%
vs US Median
-$1,169
Falling (Monthly)
Be the first to discuss 47305 rents ↓
Most AffordableMost Expensive
ZIP 47305 · $796
More affordable than 100% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$740
1 BR
$770
2 BR
$960
3 BR
$1,240
4 BR+
$1,540
Research median
$960/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$9,552/yr
At $796/mo median
Location
CityMuncie
StateIN
CountyDelaware County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.2% MoM), not inventory.
Demographics

Who lives here

ZIP 47305 (Muncie, IN) is majority renter-occupied, has a median income below the national average, 19.7% of residents hold a bachelor's degree or higher.

Population
3,556
Median income
$36,389
Median age
39.9
Renters
64.7%
Age distribution
18.7%
25.5%
24.2%
21.2%
Under 1818.7%
18–3425.5%
35–5424.2%
55–6421.2%
65+10.3%
Gender
51.5%
48.5%
Male51.5%
Female48.5%
Race & ethnicity
67.5%
17.2%
White67.5%
Black7.5%
Hispanic6.6%
Asian1.2%
Other17.2%
Education (25+)
18.5%
33.5%
28.2%
19.7%
No HS diploma18.5%
HS diploma33.5%
Some college28.2%
Bachelor's+19.7%
Housing tenure
35.3%
64.7%
Owner35.3%
Renter64.7%

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

2021 vs 2026

How ZIP 47305 in Muncie, IN has changed in 5 years

Income
$26,052 → $36,389
up 39.7%
Population
3,120 → 3,556
up 14.0%
Renter share
68.2% → 64.7%
-3.5 pts
Bachelor's+
17.1% → 19.7%
+2.6 pts
Median age
42.2 → 39.9
-2.3 yrs

Local incomes tracked alongside that move, going from a median of $26,052 in 2021 to $36,389 more recently. Census counts show ZIP 47305 in Muncie, IN adding about 436 residents over the five-year window, up 14.0% on net. The renter share has eased from 68.2% to 64.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 17.1% to 19.7% across the same window.

Community

Discussions about ZIP 47305

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 47305

About renting in ZIP 47305

Last updated: July 20, 2026

ZIP code 47305 covers Muncie, IN. The median rent here is $796/mo as of July 2026. A 1-bedroom rents for a median of $770/mo. A 2-bedroom rents for a median of $960/mo.

At 26% of local median household income ($36,389/yr), ZIP 47305 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47305?

As of July 20, 2026, the median monthly rent in ZIP 47305 (Muncie, IN) is $796. This is based on aggregated data from public sources and community submissions.

How does ZIP 47305 rent compare to the US average?

ZIP 47305's median rent of $796/mo is $1,169 (59%) below the US national median of $1,965/mo.

How does ZIP 47305 compare to other ZIPs in Indiana?

ZIP 47305 is among the more affordable ZIP codes in Indiana, ranking #142 out of 144 ZIPs at $796/mo.

How much income do you need to rent in ZIP 47305?

To keep rent at or below 30% of gross income, you would need to earn at least $32,000/year (~$15/hour full-time) to afford the median rent of $796/mo in ZIP 47305. The local median household income is $36,389/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47305?

Rent in ZIP 47305 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 47305 an affordable place to rent?

ZIP 47305 is considered affordable for renters. At $796/mo, rent takes approximately 26% of the local median household income ($36,389/yr). The standard benchmark is 30%. ZIP 47305 falls comfortably within that range.

What percentage of ZIP 47305 residents rent vs. own?

According to Census data, approximately 64.7% of ZIP 47305 households are renters, while 35.3% are owner-occupied. With a majority renter population, ZIP 47305 has a strong rental market.

How does ZIP 47305 compare to the rest of Muncie?

ZIP 47305 is more affordable than Muncie overall. At $796/mo, it's $177 below the Muncie citywide median of $973/mo.

When was rent data for ZIP 47305 last updated?

Rent data for ZIP 47305 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $796/mo, rent takes ~26% of ZIP 47305's median household income ($36,389/yr). The standard benchmark is 30%.

ZIP 47305 26%Benchmark 30%
State income tax3.05%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 47305 (Muncie, IN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.