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Spencer County Housing Market

Indiana · 92 counties · Ranked #1655 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$180,200

vs national$180,200 vs $281,900 national

Median Gross Rent

$697/mo

vs national$697 vs $1,163 national

Effective Tax Rate

0.63%

vs national0.63% vs 1.02% national

Median Household Income

$70,890

vs national$70,890 vs $74,755 national

Affordability Ratio

2.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

27.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,138

Tax as % of Home Value

0.63%

Monthly Owner Cost

$933

Renter Income

$31,134

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Spencer County?

The median home value in Spencer County is $180,200. This is below the national median of $281,900.

How much is rent in Spencer County?

The median gross rent in Spencer County is $697 per month.

What is the property tax rate in Spencer County?

The effective property tax rate in Spencer County is 0.63%. The median annual property tax bill is $1,138.

Is Spencer County affordable?

With a home-value-to-income ratio of 2.5x, Spencer County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.