Country Terrace, Muncie, IN
Country Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Country Terrace, Muncie, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Country Terrace Neighborhood Overview
Country Terrace is a residential neighborhood located in the southern part of Muncie, Indiana, within the 47302 ZIP code. It offers residents a quiet, suburban atmosphere with convenient access to the city's amenities. The area is characterized by its affordable housing and a strong sense of community among its residents.
Lifestyle & Amenities
Residents enjoy a peaceful, family-friendly environment with nearby parks and green spaces for recreation. The neighborhood is conveniently situated close to shopping centers, grocery stores, and dining options along South Madison Street. Its location provides easy access to the broader services and entertainment available in the city of Muncie.
Real Estate Market
The real estate market in Country Terrace is notably affordable, with a median home value of $67,000. Homes sell very quickly, averaging just two days on the market, indicating high demand. The neighborhood has a homeownership rate of 62%, and the median monthly rent is $835.
Schools & Education
Country Terrace is served by the Muncie Community Schools district. Families in the area have access to the public schools assigned to this zone. The specific performance data for individual schools serving the neighborhood is not provided here.
Transportation & Connectivity
The neighborhood is well-connected by major roads, including South Madison Street and West Memorial Drive, facilitating easy travel by car. Public transportation options are available through the Muncie Indiana Transit System (MITS). Its location offers straightforward access to downtown Muncie and Interstate 69 for regional travel.
Why Choose Country Terrace
Country Terrace is an ideal choice for homebuyers and renters seeking an affordable, quiet community in Muncie. The incredibly fast-moving real estate market reflects its desirability for value-conscious residents. With a median household income of $44,362, it represents an accessible entry point to homeownership in a convenient suburban setting.
Country Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $67K |
| Median Gross Rent | $835/mo |
| Median Household Income | $44K |
| Homeownership Rate | 61.9% |
| Renter-Occupied | 38.1% |
| Rental Vacancy Rate | 3.2% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 47302 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Country Terrace, Muncie
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Country Terrace, Muncie, IN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-16