47305, Muncie, IN

Muncie, Indiana is a city located in the southern part of the state. As of the 2010 census, Muncie had a population of 73,342. The 47305 zip code covers much of Muncie and has a population of about 26,000 people.

The median home value in the 47305 zip code was $101,200 as of September 1st, 2016 according to Zillow. This is about $27/per square foot which is lower than the national average but higher than most other zip codes in Indiana. The average list price for homes in this zip code was $106,500 as of September 1st, 2016 according to Zillow. This is also slightly higher than the statewide average but lower than most other zip codes in Indiana.

As with many areas across America, there has been an increase in home equity over recent years due to rising prices and low interest rates. In Muncie specifically, home values have increased by an average of 7% annually since 2013 according to Zillow data. This has helped many people achieve strong equity positions in their homes which can provide stability and security during tough economic times.