Muncie Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Muncie, IN (the Muncie metro area) was $709 in 2019 according to the Census ACS survey.1 Average gross rent in Muncie was $727 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Muncie median and average rent data will be released in September of 2021.
Data is also available below for Muncie rental vacancy rates, Muncie rent as a percent of median income and the fraction of renters in Muncie.
Real Gross Rent in Muncie Indiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Indiana Median Gross Rent | $840 | +0.60% | +4.48% |
| Muncie, IN Median Gross Rent | $709 | -7.20% | +4.11% |
Muncie, IN Real Gross Rent Trends
Median gross rent for Muncie peaked in real terms in 2015 at $768 and is now $59 (7.68%) lower. Average gross rent for Muncie peaked in real terms in 2008 at $776 and is now $49 (6.31%) lower. From a recent low of 660.0 in 2012, real average gross rent has now increased by $67 (10.15%).
Real Gross Rent in Muncie: Muncie IN Median, Muncie IN Average, Indiana Median, US Median
Real Gross Rent History for Muncie
| Date | US Median |
Indiana Median |
Muncie, IN Median |
Muncie, IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $709 | $727 |
| 2018 | $1,077 | $835 | $764 | $757 |
| 2017 | $1,043 | $818 | $712 | $730 |
| 2016 | $1,027 | $804 | $681 | $681 |
| 2015 | $1,017 | $804 | $768 | $726 |
| 2014 | $986 | $795 | $718 | $749 |
| 2013 | $953 | $769 | $761 | $722 |
| 2012 | $940 | $761 | $673 | $660 |
| 2011 | $941 | $764 | $721 | $747 |
| 2010 | $955 | $763 | $713 | $739 |
| 2009 | $960 | $783 | $680 | $724 |
| 2007 | $927 | $750 | $711 | $724 |
| 2005 | $910 | $769 | $731 | $726 |
Muncie Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Muncie Indiana was 8.60% according to Census ACS data.
Rental Vacancy Rate in Muncie Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Muncie, IN | 8.60% | +1.95% | — |
Trends in Muncie, IN Rental Vacancy Rate
The rental vacancy rate in Muncie peaked in 2007 at 11.61%. Since then it has fallen by 3.01% to 8.60%. Data records for this series originated in 2005. From a 2017 post peak low of 5.87%, the rental vacancy rate has increased by 2.73%.
Rental Vacancy Rate: Muncie IN, Indiana, US
Historical Rental Vacancy Rate data for Muncie
| Date | US | Indiana | Muncie, IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 8.60% |
| 2018 | 6.15% | 6.59% | 6.65% |
| 2017 | 6.18% | 7.14% | 5.87% |
| 2016 | 5.89% | 6.96% | — |
| 2015 | 5.85% | 7.94% | 8.46% |
| 2014 | 6.32% | 8.09% | 5.94% |
| 2013 | 6.49% | 7.00% | — |
| 2012 | 6.77% | 8.43% | — |
| 2011 | 7.40% | 8.47% | — |
| 2010 | 8.17% | 8.78% | — |
| 2009 | 8.43% | 10.44% | — |
| 2007 | 7.87% | 9.72% | 11.61% |
| 2005 | 7.74% | 10.67% | 9.32% |
Rent as a Fraction of Income
Using median household income data for Muncie, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Muncie, median monthly gross rent as a fraction of median household income was 18.88% in 2019 according to the ACS.
Muncie Indiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Indiana | 17.50% | -0.15% | -0.12% |
| Muncie, IN | 18.88% | -2.72% | -0.13% |
Trends in Muncie, IN Rent as a Fraction of Income
The fraction of median Muncie household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 23.83%. Since then it has fallen by 4.95% to 18.88%.
Fraction of Income towards Rent: Muncie IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Muncie Indiana
| Date | US | Indiana | Muncie, IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 18.88% |
| 2018 | 20.50% | 17.65% | 21.60% |
| 2017 | 20.13% | 17.56% | 20.10% |
| 2016 | 20.43% | 17.62% | 19.01% |
| 2015 | 20.63% | 18.00% | 21.40% |
| 2014 | 20.89% | 18.27% | 20.75% |
| 2013 | 20.78% | 18.43% | 23.83% |
| 2012 | 20.65% | 18.27% | 20.51% |
| 2011 | 20.70% | 18.27% | 21.78% |
| 2010 | 20.50% | 18.37% | 21.32% |
| 2009 | 20.12% | 18.15% | 20.60% |
| 2007 | 18.66% | 16.14% | 19.26% |
| 2005 | 18.89% | 16.78% | 20.51% |
Renter Fraction in Muncie Indiana
You can calculate the renter fraction in Muncie in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Muncie as a fraction of total Muncie households. In 2019 38.45% of households were renters according to Census ACS data.
Muncie Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Indiana | 30.69% | -0.37% | -0.96% |
| Muncie, IN | 38.45% | +3.31% | +2.94% |
Trends in the Muncie, IN Renter Fraction
The Muncie household renter fraction peaked in in 2017 at 38.61% and is now 0.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Muncie IN, Indiana, US
History of Muncie Renter Fraction
| Date | US | Indiana | Muncie, IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 38.45% |
| 2018 | 36.05% | 31.06% | 35.14% |
| 2017 | 36.13% | 30.96% | 38.61% |
| 2016 | 36.88% | 31.65% | 35.51% |
| 2015 | 36.97% | 31.82% | 35.51% |
| 2014 | 36.90% | 31.42% | 34.78% |
| 2013 | 36.50% | 31.48% | 37.88% |
| 2012 | 36.09% | 30.62% | 37.76% |
| 2011 | 35.42% | 30.28% | 35.30% |
| 2010 | 34.65% | 29.71% | 36.83% |
| 2009 | 34.13% | 29.57% | 36.08% |
| 2007 | 32.80% | 28.37% | 33.13% |
| 2005 | 33.10% | 28.00% | 33.47% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
