1114 W 17th St · Muncie, IN
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $717 – $1,331
Heat risk 3/10 · Minor
- Hot days now (above 100°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- 0.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Rent growth +4.0/5.0
- Livability +4.0/5.0
- Condition / age +2.5/5.0
- Schools +1.7/10.0
- Appreciation +0.0/10.0
$60,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck—perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer—don’t miss your chance!
Key facts
- Rear patio deck
- 0.34 acre lot
- 3 garage spots
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $60k.
Deal economics
- At list price, monthly cash flow is $406 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $60k).
- Recommended offer: $59k (1.5% below list) — sets the bar for market timing.
- Cap rate 14.4% vs local median 6.0% in Muncie — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 80/100 on livability (#18 in IN, #1,654 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
- Muncie Community Schools (urban): math 18% / reading 25% proficiency, ranked #275 of 301 in IN (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: South View Elementary School (math 8% / reading 11%, grade F, #932 of 994 statewide, top 94%, 445 students, 92% FRL); Southside Middle School (math 7% / reading 15%, grade F, #312 of 330 statewide, top 95%, 443 students, 85% FRL); Muncie Central High School (math 20% / reading 39%, 1,326 students, 70% FRL).
- Market conditions: Rents rising fast (+6.1%/yr); 149 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 171 units permitted in Delaware County in 2024 (57 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
- Delaware County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 6.1% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 20 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.76% ✓
- Cap rate
- 14.42%
- Cash-on-cash
- 29.01%
- DSCR
- 2.29
- GRM
- 4.7
CMA / ARV
- ARV (median comp)
- $91,524
- List price
- $60,000
- Delta
- -34.44%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2224 S Hoyt Ave | 0.17mi | 3/1.0 | 1,152 (-8%) | 0mo | $26,500 | $23 | 79 |
| 1206 W 15th St | 0.14mi | 4/1.0 (+1) | 1,326 (+6%) | 1mo | $122,400 | $92 | 77 |
| 1437 W 10th St | 0.46mi | 4/1.0 (+1) | 1,240 (-1%) | 4mo | $124,900 | $101 | 70 |
| 1400 W 13th St | 0.28mi | 3/1.5 | 1,124 (-10%) | 0mo | $104,900 | $93 | 68 |
| 1609 S Gharkey St | 0.50mi | 4/2.0 (+1) | 1,288 (+3%) | 6mo | $65,000 | $50 | 57 |
| 617 W 15th St | 0.31mi | 2/1.0 (-1) | 1,092 (-12%) | 5mo | $108,000 | $99 | 56 |
| 1710 S Gharkey St | 0.46mi | 2/1.0 (-1) | 1,160 (-7%) | 8mo | $59,900 | $52 | 55 |
| 1014 W 10th St | 0.42mi | 2/1.0 (-1) | 1,081 (-13%) | 6mo | $64,000 | $59 | 48 |
| 2200 W Memorial Dr | 0.74mi | 2/1.0 (-1) | 1,341 (+8%) | 2mo | $63,000 | $47 | 46 |
| 2004 S High St | 0.62mi | 3/1.0 | 1,092 (-12%) | 5mo | $72,000 | $66 | 46 |
| 2307 S Jefferson St | 0.74mi | 2/1.0 (-1) | 1,328 (+6%) | 7mo | $40,000 | $30 | 44 |
| 1702 S High St | 0.71mi | 2/1.0 (-1) | 1,096 (-12%) | 3mo | $59,000 | $54 | 40 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 6.11% rent growth · sell at horizon
- IRR
- 26.9%
- Equity multiple
- 2.17×
- Total profit
- $19,581
- Equity at exit
- $8,946
- IRR
- 36.4%
- Equity multiple
- 4.89×
- Total profit
- $65,374
- Equity at exit
- $5,188
Cash invested: $16,800 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Indiana
- 90 Strongly Landlord-Friendly · R+11
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 47302
- Home prices YoY
- -12.6%
- Rents YoY
- 6.1%
- Active inventory
- 149
- Price-to-rent
- 4.7×
Monthly cashflow live
- Estimated rent
- $1,056 high interval (Pro) →
- Mortgage (P&I)
- −$315
- Tax from tax record
- −$89 /mo · $1,065/yr
- Insurance
- −$25
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$222
- Net cashflow
- $406
Break-even live
Sensitivity live
| Price | -10% $440 | -5% $423 | +0% $406 | +5% $389 | +10% $372 |
|---|---|---|---|---|---|
| Rent | -10% $323 | -5% $364 | +0% $406 | +5% $448 | +10% $490 |
| Rate | -1.0pp $436 | -0.5pp $421 | base $406 | +0.5pp $391 | +1.0pp $375 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $15,000
- Closing costs
- $1,800
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 32 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 815 W Memorial Dr Muncie, IN | 2.0 | 1.0 | 800 | $750 | $0.94 | 45d | 1 | 0.32mi |
| 1704 W 15th St Muncie, IN | 3.0 | 1.0 | 1026 | $1,275 | $1.24 | 45d | 1 | 0.42mi |
| 301 W 13th St Muncie, IN | 1.0–2.0 | 1.0 | 725 | $844 | $1.16 | 45d | 1 | 0.51mi |
| 1609 S Gharkey St Muncie, IN | 2.0 | 1.0 | 744 | $750 | $1.01 | 45d | 1 | 0.52mi |
| 206 W 13th St Muncie, IN | 2.0 | 1.0 | 992 | $900 | $0.91 | 45d | 1 | 0.58mi |
| 415 W 9th St Muncie, IN | 2.0 | 1.0 | 705 | $925 | $1.31 | 45d | 1 | 0.62mi |
| 319 W 10th St Muncie, IN | 2.0 | 1.0 | 869 | $885 | $1.02 | 45d | 1 | 0.63mi |
| 509 W 8th St Muncie, IN | 3.0 | 1.0 | 1008 | $1,325 | $1.31 | 45d | 1 | 0.63mi |
| 2316 S Walnut St Muncie, IN | 3.0 | 1.0 | 956 | $1,100 | $1.15 | 45d | 1 | 0.63mi |
| 1525 S Walnut St Unit 11 Muncie, IN | 2.0 | 1.0 | 800 | $775 | $0.97 | 45d | 1 | 0.78mi |
| 301 E Memorial Dr Muncie, IN | 3.0 | 1.5 | 1172 | $1,099 | $0.94 | 45d | 1 | 0.80mi |
| 1721 S Elm St Muncie, IN | 2.0 | 1.0 | 940 | $925 | $0.98 | 45d | 1 | 0.87mi |
| 1001 W 1st St Unit 1 Muncie, IN | 3.0 | 1.5 | 1098 | $875 | $0.80 | 45d | 1 | 0.95mi |
| 2105 S Vine St Muncie, IN | 3.0 | 1.0 | 960 | $1,365 | $1.42 | 45d | 1 | 0.98mi |
| 2302 S Hackley St Muncie, IN | 2.0 | 1.0 | 870 | $1,199 | $1.38 | 45d | 1 | 1.12mi |
| 2904 S Pershing Dr Muncie, IN | 4.0 | 1.0 | 1362 | $1,425 | $1.05 | 45d | 1 | 1.14mi |
| 3106 S Vine St Muncie, IN | 3.0 | 1.0 | 1080 | $1,200 | $1.11 | 45d | 1 | 1.14mi |
| 3013 S Pershing Dr Muncie, IN | 3.0 | 1.0 | 814 | $850 | $1.04 | 45d | 1 | 1.15mi |
| 2800 W Memorial Dr Muncie, IN | 3.0 | 2.0 | 1216 | $1,139 | $0.94 | 45d | 1 | 1.17mi |
| 417 S Council St Muncie, IN | 3.0 | 1.0 | 1132 | $1,025 | $0.91 | 45d | 1 | 1.19mi |
| 412 W Howard St Muncie, IN | 3.0 | 1.0 | 1300 | $1,000 | $0.77 | 45d | 1 | 1.20mi |
| 2015 W Godman Ave Muncie, IN | 2.0 | 1.0 | 900 | $985 | $1.09 | 45d | 7 | 1.23mi |
| 514 W Charles St Muncie, IN | 2.0 | 1.0 | 1062 | $800 | $0.75 | 45d | 1 | 1.24mi |
| 326 W Charles St Muncie, IN | 2.0 | 1.0 | 836 | $1,300 | $1.56 | 45d | 1 | 1.27mi |
| 522 W Adams St Muncie, IN | 2.0 | 1.0 | 750 | $810 | $1.08 | 45d | 6 | 1.31mi |
| 1409 W Jackson St Muncie, IN | 2.0 | 1.0 | 811 | $844 | $1.04 | 45d | 1 | 1.32mi |
| 1719 W Adams St Muncie, IN | 2.0 | 1.0 | 1159 | $1,000 | $0.86 | 45d | 1 | 1.32mi |
| 309 S McKinley Ave Muncie, IN | 2.0 | 1.0 | 875 | $1,100 | $1.26 | 45d | 1 | 1.33mi |
| 907 W Main St Apt 1 Muncie, IN | 2.0 | 1.0 | 750 | $775 | $1.03 | 45d | 1 | 1.36mi |
| 906 W Main St Muncie, IN | 1.0–2.0 | 1.0 | 712 | $995 | $1.40 | 45d | 3 | 1.39mi |
| 400 W Washington St Unit 213 Muncie, IN | 2.0 | 2.0 | 1009 | $1,200 | $1.19 | 45d | 1 | 1.48mi |
| 106 N McKinley Ave Muncie, IN | 2.0 | 1.0 | 996 | $1,024 | $1.03 | 45d | 2 | 1.49mi |
Listing history 8 events
-
2026-05-18status Pending 1067-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-05-18status Pending 1049-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-05-06status Active 1067-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-05-06status Active 1049-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-04-14status Pending 1067-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-04-14status Pending 1049-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-04-06$60,000 Active 1067-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
-
2026-04-06$60,000 Active 1049-char remark
Show marketing remark (1049 chars)
Incredible opportunity on this bank-owned property offering space, functionality, and value! This well-built home features over 1,200 square feet with 3 bedrooms and a full bath, plus a partial basement for additional storage. Situated on three lots, the fully chain-link fenced yard provides plenty of room to spread out. Exterior improvements include architectural shingles, vinyl replacement windows, a covered concrete front porch, stamped concrete sidewalk, and a rear patio deck-perfect for relaxing or entertaining. The property is equipped with a high-efficiency Trane gas furnace and central air. All appliances will remain (condition unknown). Car enthusiasts, hobbyists, or those needing extra workspace will love the multiple outbuildings, including an 18x17 detached garage, a 24x35 heated garage with shop area, storage space, and a convenient half bath, plus an additional 20x24 carport for even more covered parking. Home does need some TLC but offers tremendous potential. A rare find with this much to offer-don't miss your chance!
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast IN · Partial reset (capped growth)
- Current annual tax
- $1,065 · $89/mo
- Projected year-2 tax
- $1,065 · $89/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
- Wind 2/10 Low 0% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $12,677
- − Mortgage interest
- −$3,361
- − Property taxes
- −$1,065
- − Insurance
- −$300
- − Repairs & maintenance
- −$1,014
- − Management
- −$1,014
- − Depreciation
- −$1,745
- Taxable income
- $4,178
- Est. tax owed @ 24.0%
- −$1,003
- After-tax cash flow
- $3,872/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Muncie Community Schools
- NCES district ID
- 1807320
- Math proficiency
- 18% ▼ -9.00%
- Reading proficiency
- 25% ▼ -4.00%
- Median HH income
- $30,052
- Composite
- 17.22/100
- National rank
- #9099
- State rank
- #275 of 301 in IN
Livability — Muncie
- Score
- 80/100
- State rank
- #18
- US rank
- #1654
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Muncie, IN
- County
- Delaware County · 84,658 people
- City population
- 84,658
- Metro
- Muncie, IN
- Population (ZIP)
- 25,473
- Household income
- $47,837
- Rent vs Own
- Severe rent burden
- 1150.0
Population outlook (Delaware County) Hauer SSP2
- Today (2025)
- 113,036 people
- By 2030
- 111,313 · -1.5%
- By 2040
- 106,432 · -5.8%
- By 2050
- 100,747 · -10.9%
- By 2075
- 91,000 · -19.5%
- By 2100
- 80,687 · -28.6%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (84%)
- Race & ethnicity
- White 84% Two or more races 6% Black 6% Hispanic / Latino 4%
- Common ancestry
- Italian 2% Slovak 1% Romanian 1%
- Foreign-born
- 1% · Canada
- Languages at home
- 98% English-only · Spanish 1% German/W. Germanic 1%
Political lean MEDSL · Delaware
- 2024 margin
- R (+15.8) · D 41.2% · R 57.0% · Other 1.8%
- 2008→2024 swing
- -30.8pp toward R · 2008: 15.0pp · 2024: -15.8pp
- All cycles
- 2024: R+15.8 2020: R+13.2 2016: R+13.7 2012: D+3.1 2008: D+15.0
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -30.32%
- Current HPI
- 210.431
- Rent YoY
- ▲ 6.11%
- Metro
- Muncie, IN
- State GDP YoY
- ▲ 2.90%
- F500 in state
- 18
Industry mix (Fortune 500 HQ in IN)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Machinery | 2 | $37B |
|
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| Healthcare | 1 | $177B |
|
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| Pharmaceuticals | 1 | $45B |
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| Metals / Steel | 1 | $18B |
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| Agriculture | 1 | $17B |
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| Packaging | 1 | $12B |
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Price history
+0.0% since first listed8 events — show timeline
- 2026-05-18 Pending — IRMLS
- 2026-05-18 Pending — MIBOR as Distributed by MLS Grid
- 2026-05-06 Relisted — IRMLS
- 2026-05-06 Relisted — MIBOR as Distributed by MLS Grid
- 2026-04-14 Pending — IRMLS
- 2026-04-14 Pending — MIBOR as Distributed by MLS Grid
- 2026-04-06 Listed $60,000 IRMLS
- 2026-04-06 Listed $60,000 MIBOR as Distributed by MLS Grid
Property tax history
-0.2%/yrLatest (2024): $1,065 · +2.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…