How much do homeowners pay a month in Spencer Township (Harrison County), IN?
Homeowners with a mortgage in Spencer Township (Harrison County), IN pay a median of $1,126 (±$134) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $478 (±$149).
45.5% of owned homes carry a mortgage.
In Spencer Township (Harrison County), the median monthly cost with a mortgage went from $993 in 2015–2019 to $1,126 in 2020–2024 (+13.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,126 (±$134)
- Without a mortgage
- $478 (±$149)
- Owned with a mortgage
- 45.5%
Monthly owner costs in Spencer Township (Harrison County)
| Spencer Township (Harrison County) | Harrison County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,126 (±$134) | $1,367 (±$72) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $478 (±$149) | $428 (±$25) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 45.5% (±14.2 points) | 60.2% (±3.0 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $1,055 (±$500) | $1,224 (±$57) | $1,614 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Spencer Township (Harrison County), the median cost with a mortgage is lower than in Harrison County ($1,367).
It is also lower than in Indiana ($1,404).
It is lower than the national figure ($1,963).
In Harrison County, Spencer Township (Harrison County) ranks 14 of 20 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1078 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Spencer Township (Harrison County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $993 (±$168) | $1,126 (±$134) | +13.4% | No measurable change after inflation |
| Median real estate taxes | $792 (±$162) | $1,055 (±$500) | +33.2% | No measurable change after inflation |
| Median home value | $99,400 (±$43,365) | $231,800 (±$58,271) | +133.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Spencer Township (Harrison County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Spencer Township (Harrison County) | — | $1,126 (±$134) | — |
| Milltown | 4.7 mi | $1,078 (±$114) | Not measurably different |
| Whiskey Run Township | 5.4 mi | $1,186 (±$212) | Not measurably different |
| Blue River Township (Harrison County) | 5.6 mi | $1,088 (±$190) | Not measurably different |
| Harrison Township (Harrison County) | 7.2 mi | $1,470 (±$172) | Higher |
| Jackson Township (Harrison County) | 7.2 mi | $1,425 (±$225) | Higher |
| Corydon | 7.4 mi | $889 (±$402) | Not measurably different |
| Jennings Township (Crawford County) | 7.7 mi | $1,134 (±$127) | Not measurably different |
| Crandall | 8.5 mi | $1,179 (±$95) | Not measurably different |
Nearby places with a measurably higher figure: Harrison Township (Harrison County), IN ($1,470), Jackson Township (Harrison County), IN ($1,425).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Harrison County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 8 | Heth Township | $1,238 (±$474) |
| 9 | Morgan Township (Harrison County) | $1,213 (±$184) |
| 10 | Webster Township (Harrison County) | $1,182 (±$189) |
| 11 | Crandall | $1,179 (±$95) |
| 12 | Taylor Township (Harrison County) | $1,144 (±$968) |
| 13 | Palmyra | $1,130 (±$72) |
| 14 | Spencer Township (Harrison County) | $1,126 (±$134) |
| 15 | Elizabeth | $1,125 (±$147) |
| 16 | Blue River Township (Harrison County) | $1,088 (±$190) |
| 17 | Corydon | $889 (±$402) |
| 18 | Mauckport | $850 (±$524) |
| 19 | New Middletown | $813 (±$88) |
| 20 | Laconia | $663 (±$66) |
Showing 13 of 20 places in Harrison County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Spencer Township (Harrison County)
What is the average mortgage payment in Spencer Township (Harrison County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Spencer Township (Harrison County), IN is $1,126 (±$134) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Spencer Township (Harrison County)?
Owners without a mortgage in Spencer Township (Harrison County) pay a median of $478 (±$149) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Spencer Township (Harrison County) gone up?
In Spencer Township (Harrison County), the median monthly cost with a mortgage went from $993 in 2015–2019 to $1,126 in 2020–2024 (+13.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer township, Harrison County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Spencer township, Harrison County, Indiana (county subdivision:71936, in state:18 county:061).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Spencer Township (Harrison County) at a glance
- Income and affordability in Spencer Township (Harrison County)
- Home values in Spencer Township (Harrison County)
- Property taxes in Spencer Township (Harrison County)
- Types of homes in Spencer Township (Harrison County)
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- Age of homes in Spencer Township (Harrison County)
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- Commute and cars in Spencer Township (Harrison County)
- Population growth in Spencer Township (Harrison County)
- Fair Market Rent in Spencer Township (Harrison County)
- Indiana landlord and tenant rules
- Housing across Harrison County
- Housing data for every place in Indiana