Zip 47460 (Spencer, IN) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spencer, Indiana	United States
	5,083.0	139,647,020.0
	43	42
	$199,200	$338,100
	16.7%	16.6%
	58.6%	57.0%
	87.2%	101.1%
	$7.32	$10.98
	$988	$2,690
	73.4%	57.4%
	8.7%	11.2%
	17.9%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.4%	0.4%
	1.6%	3.6%
	6.2%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	4.3%	2.4%
	7.0%	2.8%
	7.2%	3.9%
	9.7%	4.5%
	23.8%	11.3%
	12.7%	13.0%
	23.5%	20.1%
	4.3%	13.6%
	1.3%	8.3%
	1.6%	9.7%
	0.0%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.0%	0.2%
	15.2%	13.6%
	15.2%	13.6%
	14.3%	13.6%
	9.2%	13.2%
	13.9%	14.8%
	14.3%	13.6%
	7.1%	10.0%
	3.8%	4.7%
	16.1%	12.2%

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