The housing market in Spencer, IN (47460) is thriving. The median value of homes in the area is $199,200, which is significantly lower than the US median house value of $338,100. Despite this difference, Spencer has seen an impressive 1-year appreciation rate of 12.85%, which is higher than the 8.27% US average. This speaks to the potential for continued growth and investment in the region and demonstrates that purchasing a home in Spencer can be a sound financial decision.
The median home cost in Spencer (zip 47460) is $199,200. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Spencer (zip 47460) is up 16.7%.
Average Age of Homes
- The median age of Spencer (zip 47460) real estate is 34 years old
The Rental Market in Spencer (zip 47460)
- Renters make up 19.8% of the Spencer (zip 47460) population
- 0.3% of houses and apartments in Spencer (zip 47460), 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.