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RentData.org Logo Muncie Fair Market Rent FY 2018 Muncie, IN MSA Rental Data

Fair Market Rent Prices in Muncie, IN :
$531 $552 $728 $942 $1,150
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Muncie are average compared to the national average. This FMR area is more expensive than 57% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Muncie is $728 per month.

The previous year, rent for a two-bedroom home was $693 per month. This is a 5.05% increase year-over-year.

This FMR rate applies to Oakville, IN, Losantville, IN, Springport, IN, Summitville, IN, Gaston, IN, Parker City, IN, Selma, IN, Daleville, IN, Albany, IN, Middletown, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO34620M34620.

Additionally, This Fair Market Rent (FMR) area Muncie, IN MSA spans one county or city in Indiana which is listed in the table below. Estimated population of Muncie, IN MSA FMR area is 117,671 people based on 2010 Census data.

Compared to the rest of Indiana, the Muncie FMR area is more expensive than 60% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Muncie. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Muncie

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 564
1-BR 1-Bedroom $ 586
2-BR 2-Bedroom $ 773
3-BR 3-Bedroom $ 1000
4-BR 4-Bedroom $ 1221
Change Year:

There is just one county (listed below) within the Muncie, IN MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Indianapolis.

County / Region Est. Population
Delaware County, IN Metro 117,671
Zip Codes in Muncie, IN MSA

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

46001, 46012, 46017, 46070, 47302, 47304, 47305, 47306, 47307, 47308, 47320, 47334, 47342, 47354, 47356, 47367, 47368, 47383, 47386 and 47396

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