Housing market/Indiana/ZIP 47304
ZIP 47304 Muncie, Indiana
Muncie, IN MSA · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 47304 · IN — sent to you.
ZIP 47304 · IN
ACS rent vs 2BR SAFMR
ZIP 47304 — Muncie, IN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 47304
- 1-unit detached9,63967.4%
- 1-unit attached6474.5%
- 2–4 units1,0297.2%
- 5–49 units2,35516.5%
- 50+ units2842.0%
- Mobile3492.4%
2–4 unit share 7.2% · 5–49 unit share 16.5% · combined 2–49 23.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $951 (all bedrooms, occupied rentals).
- Median contract rent $777.
- Renters paying ≥30% of income 45.5%; ≥50% 23.4%.
- FY2027 2BR SAFMR $1,250 (1.314× ACS median gross rent).
Population
31,432 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -1.5%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 303 units.
- HUD project-based assisted MF: 1 properties, 100 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 234 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 47304 33.8% of occupied households are renters; vacancy is 5.7%; ACS median gross rent is $951; population changed -1.5% between the 2018 and 2023 ACS vintages; the housing stock includes 1,029 units in 2–4-unit structures and 2,355 units in 5–49-unit structures; 3 LIHTC projects totaling 303 units; FY2027 2BR SAFMR is $1,250 versus ACS median gross rent of $951. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Indiana research
ZIP 47304 is a Census / HUD profile for Muncie, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 47304 — Muncie, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 47304?
ZIP 47304 (Muncie, IN MSA) has 31,432 residents, 13,485 households, a renter share of 33.8%, median household income of $67,756, and ACS 2023 median gross rent of $951. Vacancy is 5.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 47304?
ACS counts 404 units in 2-unit buildings, 625 in 3–4 unit buildings, 1,078 in 5–9, 911 in 10–19, and 366 in 20–49. Combined 2–49 unit stock is 3,384 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 47304?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,250. See the full schedule and 90–110% payment-standard band on the ZIP 47304 — Muncie, IN HUD Section 8 Payment Standards / SAFMR.
Does this Indiana ZIP profile include Georgia listings?
No. ZIP 47304 is Census / HUD research for Muncie, IN MSA. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.