Muncie, IN

There is no doubt that the housing market in the Muncie, IN metropolitan statistical area (MSA) has been on the rebound in recent years. After taking a beating during the Great Recession of 2008-2009, home prices have steadily risen throughout the MSA since 2010. According to data from Zillow, the median home value in Muncie was $85,000 in January 2010. By January 2018, that figure had jumped to $106,000 – an increase of nearly 25%.

Not surprisingly, this rebound in home values has coincided with an uptick in demand for housing in the Muncie MSA. More and more people are looking to purchase homes here, thanks to strong job growth and a lower cost of living than many other parts of Indiana. In fact, according to Realtor.com data, Muncie was one of the top 10 markets for population growth among small cities nationwide between 2016 and 2017.

With more people moving into the area and bidding up prices for existing homes, new construction has also been on the rise in recent years. According to data from BuildFax, there were nearly 1,200 new residential construction permits issued in 2017 alone – more than double the number issued just four years earlier in 2013.

Looking ahead, it seems likely that these trends will continue as more and more people discover all that Muncie has to offer as a place to live. So if you're thinking about buying a home here anytime soon, you may want to act fast before prices really start taking off!