Zip 46788 (Spencerville, IN) Housing

The housing market in 46788 Spencerville, IN is doing better than the rest of the US market. The median value for homes in this area is $376,100 which is higher than the US house median value of $338,100. The appreciation rate for homes in the area is also higher than that of the US average at 9.06% compared to 8.27%. This indicates that demand for property in this area is high and that it is a desirable place to live.

The median home cost in Spencerville (zip 46788) is $376,100. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Spencerville (zip 46788) is up 15.6%.

Average Age of Homes

- The median age of Spencerville (zip 46788) real estate is 40 years old

The Rental Market in Spencerville (zip 46788)

- Renters make up 8.7% of the Spencerville (zip 46788) population
- 0.6% of houses and apartments in Spencerville (zip 46788), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spencerville, Indiana	United States
	997.0	139,647,020.0
	40	42
	$376,100	$338,100
	15.6%	16.6%
	58.7%	57.0%
	83.5%	101.1%
	$7.35	$10.98
	$1,502	$2,690
	89.1%	57.4%
	3.4%	11.2%
	7.5%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	6.8%	2.6%
	2.0%	2.4%
	0.0%	2.8%
	2.8%	3.9%
	1.8%	4.5%
	20.4%	11.3%
	15.2%	13.0%
	17.5%	20.1%
	9.0%	13.6%
	9.2%	8.3%
	14.3%	9.7%
	0.0%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.7%	13.6%
	20.7%	13.6%
	12.5%	13.6%
	11.8%	13.2%
	14.0%	14.8%
	12.5%	13.6%
	3.0%	10.0%
	1.5%	4.7%
	25.9%	12.2%

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