Total monthly cost of ownership
Cost to Own a Home in Muncie, Indiana
A $92,000 home here costs
$893per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $473. The real number is $420 higher every month — 89% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Muncie against Delaware County and Indiana
| Measure | Muncie | Delaware County |
|---|---|---|
| Median home value | $92,000 | $127,600 |
| Median property tax | $876 | $997 |
| Effective tax rate | 0.952% | 0.781% |
| Median gross rent | $867 | $874 |
| Population | 64,739 | 112,109 |
The weather behind that power bill
Muncie sits in Delaware County, which averages a high of 85.8°F in its hottest month and a low of 21.3°F in its coldest, with 40.26" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,172 cooling and 5,262 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Delaware County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Delaware County
Full Delaware County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Muncie?
A $92,000 home in Muncie, Indiana costs approximately $893 per month with 20% down at 6.66%. That is $473 principal and interest, $73 property tax, $39 homeowners insurance, $231 utilities and $77 set aside for maintenance.
What is the property tax rate in Muncie?
Muncie has an effective property tax rate of 0.952%, based on a median home value of $92,000 and median real estate taxes of $876. That is higher than the Delaware County average of 0.781%.
What is the average home price in Muncie?
The median owner-occupied home value in Muncie, Indiana is $92,000, against $127,600 across Delaware County.
Is it cheaper to rent or buy in Muncie?
Median gross rent in Muncie is $867 a month, against $893 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Muncie — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.