Gatewood, Muncie, IN
Gatewood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Gatewood, Muncie, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Gatewood Neighborhood Overview
Gatewood is a residential neighborhood located in the southern part of Muncie, Indiana. It offers residents a quiet, suburban atmosphere within the city limits. The community is characterized by its affordable housing and convenient access to local amenities.
Lifestyle & Amenities
Residents enjoy a family-friendly environment with nearby parks and local shopping options. The neighborhood provides easy access to essential services and retail centers along South Madison Street. Its location balances residential calm with practical convenience for daily needs.
Real Estate Market
The Gatewood real estate market is notably affordable, with a median home value of $67,000. Homes sell relatively quickly, averaging just 25 days on the market, and a majority of residents are homeowners with a 62% homeownership rate. The median monthly rent in the area is $835.
Schools & Education
Gatewood is served by the Muncie Community Schools district. Families in the neighborhood have access to the public schools within this system. The specific school assignments are based on the district's current zoning maps.
Transportation & Connectivity
The neighborhood is well-connected by major roads like South Madison Street, providing straightforward routes to downtown Muncie and Ball State University. Public transportation is available through the Muncie Indiana Transit System (MITS). Its location offers a manageable commute to key areas of the city.
Why Choose Gatewood
Gatewood is an excellent choice for first-time homebuyers, investors, and budget-conscious families seeking an affordable entry into Muncie's housing market. The combination of low home prices, a stable homeownership base, and a convenient location provides significant value. It represents a practical and accessible community within the city.
Gatewood 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 Gatewood, Muncie
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Gatewood, 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 2026-10-15