Spencer, IN Housing Market & City Data

Explore key insights and real experiences from people who call Spencer home. Use the data below as a starting point to compare and discover what makes this city a great place to live.

2,256
Population Estimate
$94,228
Median Home Value
96.1%
Employment Rate
11.9%
Bachelor's Degree+

Housing & Demographic Overview

Key insights about the community

Data as of September 2026

HOUSING DATA (September 2026)

Median Price per SqFt$180
Median Listing Price$317,500
Median Days on Market79
Active Listings39
New Listings12
Total Listings (Active + Pending)54
Avg Listing Price$387,793
Avg Listing Price Change MoM1%
Avg Listing Price Change YoY-12%

HOUSEHOLD OVERVIEW

Family Size3.14
Family Dual Income56
Median Household Income$38,981
Median Individual Income$23,460
Home Ownership57.9%
Home Value$94,228
Median Rent$665
Rent Burden33.4%
Poverty19.8%

EDUCATION, GENDER & MARITAL STATUS

EDUCATION

  • No Highschool Degree or GED14.4%
  • Highschool Education35.1%
  • Some College38.6%
  • Bachelors Degree7.7%
  • Graduate Degree4.2%
  • Total College or Above11.9%
  • Stem Degree35.3%

GENDER BREAKDOWN

  • Male44.9%
  • Female55.1%

MARITAL STATUS

  • Married42.5%
  • Divorced24.7%
  • Never Married25.8%
  • Widowed7.0%

CITY DATA & AGE BREAKDOWN

CITY DATA

CitySpencer
State IDIN
Population2,256

AGE BREAKDOWN

Age Group% of Population
Under 1825.5%
19–2913.7%
30–399.9%
40–4911.9%
Age Group% of Population
50–5910.6%
60–6914.8%
70–798.6%
80+5.1%

WORKFORCE, ETHNICITY & OTHER

WORKFORCE

Labor Force Participation60.2%
Unemployment Rate3.9%
Disabled17.6%

ETHNICITY

White91.9%
Black1.8%
Asian1.9%
Native American1.0%
Pacific Islander0.0%
Other0.0%
Multiple3.3%

OTHER

Hispanic5.5%
Limited English0.3%
Health Uninsured12.7%
Veteran9.5%

Local Discussions

Community questions and conversations about living in Spencer, IN.

  1. Is Spencer, IN a good place to buy a house?

    Local perspectives on Spencer home prices, buyer demand, neighborhoods, and what to consider before buying a home.

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  2. What are the best neighborhoods in Spencer, IN for families?

    Local insights on Spencer neighborhoods, schools, parks, commute times, and other factors families may want to consider.

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  3. What should home buyers know about the Spencer, IN housing market?

    Local insights on Spencer home prices, housing inventory, buyer competition, and current real estate market conditions.

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  4. Is it better to buy or rent a home in Spencer, IN?

    Compare Spencer home prices, rents, monthly housing costs, and other factors that can affect the decision to buy or rent.

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  5. What are the most affordable neighborhoods in Spencer, IN?

    Explore Spencer neighborhoods where home buyers may find more affordable housing options and better value for their budget.

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  6. How much income do you need to buy a house in Spencer, IN?

    Learn how Spencer home prices, down payments, mortgage costs, and other expenses can affect how much income buyers may need.

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  7. How much are property taxes on a home in Spencer, IN?

    Learn how Spencer property taxes are calculated and how they can affect the overall cost of owning a home.

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  8. What are the best neighborhoods in Spencer, IN for first-time home buyers?

    Explore Spencer neighborhoods first-time home buyers may consider based on home prices, location, amenities, and lifestyle.

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  9. What is it like to live in Spencer, IN?

    Local perspectives on Spencer neighborhoods, cost of living, weather, commuting, things to do, and everyday life.

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  10. What should I know before moving to Spencer, IN?

    What newcomers should know about Spencer housing costs, neighborhoods, transportation, weather, and everyday expenses.

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Top Real Estate Agents in Spencer, IN

Neighborhoods in Spencer, IN

No neighborhoods were found in the current property sample.