Renters in Muncie saw apartment listing prices slightly increase from last year's median of $875, an analysis of new data from rental marketplace Zumper shows.
The typical apartment listed for rent at $900 in July. Median listing prices in Muncie are trending 6% downwards from last month's $954 price.
The data covers all bedroom sizes, ranging from studios to four-bedroom units, within the specified metropolitan area. It reflects the median rent for all listings that were active at any given point during the month, according to Russell Middleton, co-founder of Zumper. New construction is included in the data and listings that are currently occupied or no longer available are excluded.
data.thestarpress.com
One-bedroom apartments listed to rent at a median of $695, no change since June, when they were $695. Since last year, one-bedroom rental prices stayed the same.
Two-bedroom apartments listed for rent were slightly lower than June at a central price of $900, compared to $915. Since last year, two-bedroom rental prices slightly rose from $875.
Statewide, Indiana rental listing prices are very close to June's median of $1,338. One-bedroom rentals were listed for a typical price of $995, slightly higher than June's average of $975. Two-bedroom rental listing prices are nearly the same as June's central price of $1,215.
In Muncie, the typical apartment listed for rent is 33% below the state median. One-bedroom rentals were 30% below the state median, while two-bedrooms listed 26% below.
Nationwide, apartment rental listing prices are essentially unchanged from last month's $1,935. One-bedroom rentals across the nation listed for a typical price of $1,563, nearly the same as last month, while two-bedroom rental listing prices approximately the same as last month's median of $1,850.
In Muncie, the typical apartment listed for rent is 54% below the national median. One-bedroom apartment rentals listed 56% below the national median, with two-bedroom rentals listed 51% below.
The median apartment rental prices used in this report are gathered from Zumper, which aggregates over one million active listings posted by brokers and landlords to Zumper's Landlord Platform and third-party listings from MLS providers to calculate median asking rents. Read more about their rent estimate methodology here.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Zumper . Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.