Rent to own Homes in Muncie, IN
Muncie, Indiana, is located in the heart of Delaware County. Muncie is around 60 miles outside Indianapolis if the highway leading out of the capital city is followed to the north. The city, which was officially founded in 1865, has a population of over 70,000. Muncie is home to Ball State University, and it's also the hometown of Jim Davis, creator of the comic strip, "Garfield," which is set in Muncie.
Muncie, IN is a great place for affordable rent-to-own homes! With a median household income of over $34,602 and a median rent of $714, the Muncie, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Muncie, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Muncie, IN Property Resources
Rent to own Homes in Cities Near Muncie, IN
- Alexandria
- Anderson
- Arcadia
- Cadiz
- Charlottesville
- Chesterfield
- Cicero
- Country Club Heights
- Daleville
- Eaton
- Edgewood
- Elwood
- Fairmount
- Fishers
- Fortville
- Fowlerton
- Frankton
- Gaston
- Greenfield
- Greensboro
- Indianapolis
- Ingalls
- Kennard
- Knightstown
- Lapel
- Lawrence
- Markleville
- Matthews
- McCordsville
- Middletown
- Mount Summit
- Muncie
- New Castle
- Noblesville
- Orestes
- Pendleton
- Point Isabel
- River Forest
- Shirley
- Spiceland
- Springport
- Sulphur Springs
- Summitville
- Wilkinson
- Windfall
- Woodlawn Heights
- Yorktown
Neighborhoods in Muncie, IN
Gatewood rent to own homes Aultshire rent to own homes Normandy rent to own homes Mckinley rent to own homes Meeks Avenue Historic District rent to own homes Westbrier rent to own homes Granville rent to own homes Sky Park rent to own homes Cowing Park rent to own homes Grove Park rent to own homesPopular Zip Codes in Muncie, IN
47307 rent to own homes 47308 rent to own homes 47306 rent to own homes 47305 rent to own homesBuying a Home in Muncie, IN
Muncie, IN is seeing rapid growth and Muncie, IN's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Muncie, IN is part of Delaware county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Delaware is 1.04% which is above the national average, which is 0.99%.
Median Home Price in Muncie, IN
Median Rent in Muncie, IN
Top Reasons to Live in Muncie IN
Housing Statistics The median sales price for houses in Muncie, for May 13 to July 13, was $49,950, though this statistic is only based on two individual sales. When compared with the year before, during the same period, this price shows a rise of 1.7%. On average, every square foot of living space within Muncie costs $33, which totals a drop of 26.7% from last year. Currently, home sales show a decrease of 98.2%. Within the area, 596 homes are new or resales. There are also 596 homes in pre-foreclosure, owned by the bank or in the auction stage. Listing prices sit at an average of $99,971, which shows prices to have dropped by 0.7%. Homes are available to rent to own. The vacancy rate in Muncie is 10.03%, as reported by Census ACS data.
Tourist Attractions There are a plethora of attractions within the town. The 1895 home of George and Frances Ball has been renovated and sits in the Oakhurst Gardens along with 6 acres of sprawling gardens. Visitors and locals also enjoy the Minnetrista Cultural Center, which boasts 40 acres of land and the Moore-Youse Historical Museum, which is housed in an impressive 1850s house owned by four generations of the same family. Also check out the National Model Aviation Museum, the Muncie Symphony and the Ball State University museums, planetarium and opera theater.
Local Shopping There are a few good shopping centers in the city. The Northwest Plaza Shopping Center and the Muncie Mall are the two primary shopping complexes. Also check out Jack's Camera Shop on 300 E. Main Street for some great new and used cameras.
Outdoors Activities For the more outdoorsy residents, Muncie has plenty to offer. The Cardinal Greenway is Indiana's longest rail trail, which is situated on a former railroad line. McCulloch Park is the largest community park in the town. The McCulloch Park Trailhead provides visitors with the chance to picnic and play baseball and basketball, as well as go fishing, boating, biking, walking and running. The Muncie Cantilevered Walkway overlooks the famous White River. For a good swim during the summer, locals head down to the Water Bowl, and camping facilities are accessible five miles outside the city at the Prairie Creek Reservoir and Campground.
School Systems There is a rich selection of schools within the area. Some of the major high schools include the Muncie Central High School on 801 N. Walnut Street, the Muncie Southside High School on 1601 E 26th Street and the Delta High School on 3400 E. SR 28. There are also some alternatives to the traditional school; the Youth Opportunity Center on 3700 Kilgore Avenue offers a very non-traditionalist approach to teaching its students. Muncie also has the Burris Laboratory School on 2000 University Avenue. There are a range of colleges as well, including the Anderson Colleges, Ball State University and Ivy-tech Community College.