Spencer, IN Housing Statistics

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46%

Med. Home Val. NAT. AVG.

29%

Rent NAT. AVG.

11%

Owner Occ. NAT. AVG.

Spencer Housing Information

Index	Spencer	Indiana	National
Median home price	$176,627	$226,920	$326,622
Median rent asked	$1,025	$1,145	$1,444
Avg. people per household	1.9	2.5	2.6
Owner occupied households	56.8%	68.7%	63.6%
Renter occupied households	43.2%	31.3%	36.4%

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Homes For Sale In Spencer, IN

3605 State Highway 43

Spencer, IN

1850 Mangus Rd

Poland, IN

313 Concord Rd

Spencer, IN

1012 W Acres Dr

Spencer, IN

Housing Quick Facts

The median home price in Spencer is 46% lower than the national average.
The median rent asked in Spencer is 29% lower than the national average.
The average number of people per household in Spencer is 26% lower than the national average.
The number of owner occupied households in Spencer is 11% lower than the national average.
The number of renter occupied households in Spencer is 19% higher than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Paragon, IN	478	$126,113	61%
Worthington, IN	1,582	$129,662	60%
Gosport, IN	1,092	$144,945	56%
Stinesville, IN	334	$160,480	51%
Ellettsville, IN	6,865	$271,218	17%
Spencer, IN	2,289	$176,627	46%

Cities with similar population

	Population	Home Price	National Avg.
Jackson, KY	2,289	$155,744	52%
Lexington, OK	2,289	$124,632	62%
St. George, SC	2,289	$239,088	27%
Kensington, MD	2,290	$1,305,973	300%
Cayucos, CA	2,290	$1,403,939	330%
Spencer, IN	2,289	$176,627	46%

Source: The Spencer, IN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.