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Spencer County Housing Market

Kentucky · 120 counties · Ranked #2642 in home value

Above National AvgAffordable

Housing at a Glance

Median Home Value

$297,600

vs national+$297,600 vs $281,900 national

Median Gross Rent

$954/mo

vs national$954 vs $1,163 national

Effective Tax Rate

0.71%

vs national0.71% vs 1.02% national

Median Household Income

$98,333

vs national+$98,333 vs $74,755 national

Affordability Ratio

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$2,118

Tax as % of Home Value

0.71%

Monthly Owner Cost

$1,410

Renter Income

$45,790

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Frequently Asked Questions

What is the median home value in Spencer County?

The median home value in Spencer County is $297,600. This is above the national median of $281,900.

How much is rent in Spencer County?

The median gross rent in Spencer County is $954 per month.

What is the property tax rate in Spencer County?

The effective property tax rate in Spencer County is 0.71%. The median annual property tax bill is $2,118.

Is Spencer County affordable?

With a home-value-to-income ratio of 3x, 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.