Housing in Spencer, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$190,000
Median List Price
$249,950
Price Per Sq Ft
$163
Days on Market
60
Active Inventory
7
Months of Supply
7.0
Buyer's market
Zillow Home Value
$237,758
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
86.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$163
Median List $/SF
$131
Spencer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Spencer is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$146,300
Median Rent
$860
Total Housing Units
1,240
Vacancy Rate
13.0%
Owner Occupied
65.6%
Renter Occupied
34.4%
Median Property Tax
$1,058
per year
Monthly Cost (w/ Mortgage)
$665
Housing Types
The current median sale price in Spencer, IN is $190,000 according to Redfin data. Homes spend a median of 60 days on the market. 0.0% of homes sold above asking price. The market has 7.0 months of supply. The median price per square foot is $163. The median rent is $860 per month (Census ACS). About 65.6% of housing units are owner-occupied. The median year homes were built is 1949. There are 1,240 total housing units.