Spencer County, IN

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

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
50

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