Market Intelligence · IN / Muncie

Muncie, IN 47304 Housing Market

The typical home in Muncie's 47304 ZIP code is worth $212,350 as of September 2026, up 3.5% over the past year. Homes are listing at a median of $254,724 and spending a median of 52 days on the market.

Updated September 2026Median value$212K

The median home value in Muncie, IN 47304 is $212K as of September 2026, up 3.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 47304 range

$195K to $229K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.5% over 12 months

Sep 2025$205K

Low $205KHigh $212K

Sep 2026$212K

The numbers

What is the 47304 housing market like?

As of September 2026

Typical home value

$212K

3.5%YoY

Median list price

$255K

1.9%MoM

Days on market

13.0%MoM

Homes for sale

1.2%MoM

Price cuts

20.4%

18.7%MoM

New listings

5.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

47304 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 47304 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 47304 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 47304?

Zillow's forecast does not call for a drop: it expects typical home values in 47304 to rise 2.5% by September 2027, after a 3.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 47304 home prices compare?

47304$212,350
Muncie$122,148
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Muncie: 4 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, buyers in 47304 had 82 homes for sale to choose from, with 42 new listings coming on the market that month. The median list price sat at $254,724, well above the typical home value of $212,350, which suggests sellers are aiming higher than where most homes actually land. Homes took a median of 52 days to sell, and 20.4% of listings had a price cut. Values are still climbing, up 3.5% over the past year, but buyers have room to negotiate. For a seller, pricing realistically from day one matters more than testing the high end.

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Down payment20% · $42,470

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Common questions

What people ask us.

How much is a home in 47304 worth?

The typical home value in 47304 is $212,350 as of September 2026, up 3.5% over the past year. The median list price is $254,724.

How long do homes take to sell in 47304?

Homes in 47304 spent a median of 52 days on the market as of September 2026.

Is the 47304 market competitive for sellers?

There were 82 homes for sale in 47304 as of September 2026, with 42 new listings added that month. About 20.4% of listings had a price cut, so overpricing tends to get corrected.

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