Pine Terrace, Muncie, IN
Pine Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Pine Terrace, Muncie, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Pine Terrace Neighborhood Overview
Pine Terrace is a residential neighborhood located in the southeastern 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 relaxed lifestyle with nearby shopping and dining options along McGalliard Road. The neighborhood provides easy access to several parks and recreational facilities in the broader Muncie area. Its location balances residential calm with the convenience of city services.
Real Estate Market
The real estate market in Pine Terrace is notably affordable, with a U.S. Census median home value of $67,000. This represents a significant value for homebuyers and investors looking in the Muncie area. The neighborhood primarily consists of single-family homes, making it attractive for first-time buyers.
Schools & Education
Pine Terrace is served by the Muncie Community Schools district. Families in the area have access to the public schools within this system. The neighborhood's location also provides reasonable proximity to Ball State University.
Transportation & Connectivity
The neighborhood is well-connected by major roads like McGalliard Road and Wheeling Avenue. This provides straightforward access to downtown Muncie, Interstate 69, and shopping centers. Public transportation is available via the Muncie Indiana Transit System (MITS).
Why Choose Pine Terrace
Pine Terrace is an excellent choice for those seeking an affordable, stable community in Muncie. With a median household income of $44,362, it offers a cost-effective lifestyle without sacrificing convenience. Its quiet streets and central location make it a practical and welcoming place to call home.
Pine 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 Pine Terrace, Muncie
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Pine Terrace, Muncie, IN. Explore the available cited neighborhood data on this page.
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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