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Spencer (zip 47460), Indiana   Add Favorite        0 Reviews | Review This Place

Find your Best Mortgage in Spencer: Fixed Rate, Adjustable Rate, 30 years, 15 years.


-College-town atmosphere
-Attractive setting
-Nearby recreation


-Low ethnic diversity
-Recent employment declines
-Housing cost

What Bert Has To Say About Bloomington Metro Area

Bloomington is a true college town, with a large and attractive campus to the northeast of downtown; an area of shops, restaurants, and nightlife serving the student community; and a typically Midwestern town square with a courthouse at the center. Indiana University, founded in 1820 and currently serving some 35,000 students, provides a variety of culture and entertainment and is the dominant factor in the local economy and character. Sports, particularly basketball, are a local obsession. The university is also home to one of the top music schools in the nation. Educational attainment here is among the highest in the state, crime is low, the economy is steady and attitudes are progressive.

Bert Suggests test-driving a neighborhood in Spencer with an affordable short term rental. Click here to find the right place on Airbnb.


  • Profile: College town
  • Time zone: Eastern Standard Time
  • Elevation: 928
  • Real Estate: For Sale  For Rent
  • City: No City
  • Zip Codes: Spencer (zip 47460)

Quick Facts About Spencer

    The unemployment rate in Spencer (zip 47460) is 5.60 percent(U.S. avg. is 5.20%). Recent job growth is Positive. Spencer (zip 47460) jobs have Increased by 0.93 percent.
    Compared to the rest of the country, Spencer (zip 47460)'s cost of living is 17.40% Lower than the U.S. average.
    As of 2014, Spencer (zip 47460)'s population is 11,072 people. Since 2000, it has had a population growth of 52.91 percent.
    Average Commute time is 33 minutes. The National Average is 26 minutes.
    The median home cost in Spencer (zip 47460) is $96,500. Home appreciation the last 10 years has been 7.38%.
    Spencer (zip 47460) public schools spend $10,346 per student. The average school expenditure in the U.S. is $12,383. There are about 21.2 students per teacher in Spencer (zip 47460).

Spencer Ranked & Rated

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Spencer Housing Market

It's a good time to buy in Spencer. Home Appreciation is up 1.1% in the last 12 months. Browse Spencer Real Estate.
The median home price in Spencer is $96,500. Browse Homes in this Range.
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