Housing market/Indiana/ZIP 47305
ZIP 47305 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 47305 · IN — sent to you.
ZIP 47305 · IN
ACS rent vs 2BR SAFMR
ZIP 47305 — 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 47305
- 1-unit detached98439.2%
- 1-unit attached602.4%
- 2–4 units73329.2%
- 5–49 units54021.5%
- 50+ units1877.4%
- Mobile80.3%
2–4 unit share 29.2% · 5–49 unit share 21.5% · combined 2–49 50.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $744 (all bedrooms, occupied rentals).
- Median contract rent $632.
- Renters paying ≥30% of income 55.4%; ≥50% 33.4%.
- FY2027 2BR SAFMR $1,010 (1.358× ACS median gross rent).
Population
3,570 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: 4 projects, 156 units.
- HUD project-based assisted MF: not published for this ZIP.
- 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 47305 64.2% of occupied households are renters; vacancy is 26.6%; ACS median gross rent is $744; population increased +1.5% between the 2018 and 2023 ACS vintages; the housing stock includes 733 units in 2–4-unit structures and 540 units in 5–49-unit structures; 4 LIHTC projects totaling 156 units; FY2027 2BR SAFMR is $1,010 versus ACS median gross rent of $744. 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 47305 is a Census / HUD profile for Muncie, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 47305 — 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 47305?
ZIP 47305 (Muncie, IN MSA) has 3,570 residents, 1,843 households, a renter share of 64.2%, median household income of $33,125, and ACS 2023 median gross rent of $744. Vacancy is 26.6%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 47305?
ACS counts 316 units in 2-unit buildings, 417 in 3–4 unit buildings, 343 in 5–9, 82 in 10–19, and 115 in 20–49. Combined 2–49 unit stock is 1,273 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 47305?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,010. See the full schedule and 90–110% payment-standard band on the ZIP 47305 — Muncie, IN HUD Section 8 Payment Standards / SAFMR.
Does this Indiana ZIP profile include Georgia listings?
No. ZIP 47305 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.