Spencer County, IN

Comprehensive housing, income, and cost of living data for Spencer County, Indiana. Population: 19.9K.

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Median Home Price

$201.3K

Based on 11 cities

Median Household Income

$70.9K

Annual household income

Price-to-Income Ratio

2.8x

Highly affordable

Salary Needed to Buy

$51.3K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,138

Average annual amount

Effective Tax Rate

0.57%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,018

Property Tax$94.83

Insurance$83.88

Total Monthly$1,197

Historical Home Prices

2015

$119.7K

2016

$123.1K

+2.9%%

2017

$125.4K

+1.9%%

2018

$133.3K

+6.3%%

2019

$144.7K

+8.5%%

2020

$159.0K

+9.9%%

2021

$180.1K

+13.3%%

2022

$194.9K

+8.2%%

2023

$202.3K

+3.8%%

2024

$215.3K

+6.4%%

2025

$220.1K

+2.3%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.1%%

Below national average

Population Density

People per square mile

Homicide Rate

13.9

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

93.4%

Black

0.6%

Hispanic

3.5%

Asian

0.3%

Two or More Races

1.8%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

56°F

Annual average

Sunny Days

175

Days per year

Annual Rainfall

49.3"

Inches per year

Natural Disaster Risk

Moderate Risk

Score: 39/100

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