What is the median home value in Spencer, IN?

Name: Home values in Spencer, IN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Spencer, IN is $162,900 (±$15,740), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Spencer, the median home value went from $95,500 in 2015–2019 to $162,900 in 2020–2024 (+70.6%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $162,900 (±$15,740)
Owner-occupied homes: 801 (±125)
Most common range: $150,000 to $199,999

Home values in Spencer

Owner-occupied homes by value, 2020–2024
Value	Spencer	Owen County	Indiana	United States
Less than $50,000	9.6% (±4.8 points)	8.9%	6.0%	5.3%
$50,000 to $99,999	22.6% (±9.5 points)	14.7%	10.1%	6.1%
$100,000 to $149,999	11.2% (±6.4 points)	16.2%	12.7%	6.8%
$150,000 to $199,999	28.0% (±9.8 points)	19.9%	15.8%	9.0%
$200,000 to $299,999	21.6% (±9.0 points)	20.1%	25.1%	17.8%
$300,000 to $499,999	7.0% (±3.2 points)	16.2%	21.8%	26.9%
$500,000 to $999,999	0.0% (±4.6 points)	2.6%	7.3%	20.9%
$1,000,000 or more	0.0% (±4.6 points)	1.5%	1.2%	7.1%

The most common range is $150,000 to $199,999, 28.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Spencer against Owen County, its state and the nation

Estimate (90% margin of error)
	Spencer	Owen County	Indiana	United States
Median home value	$162,900 (±$15,740)	$172,400 (±$11,458)	$218,200 (±$739)	$332,700
Owner-occupied homes	801 (±125)	7,012 (±303)	1,916,243 (±9,865)	84,210,142

In Spencer, the median home value is not measurably different from Owen County ($172,400).

It is also lower than in Indiana ($218,200).

It is lower than the national figure ($332,700).

In Owen County, Spencer ranks 8 of 15 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 908 of 1,574.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Spencer have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$95,500 (±$7,432)	$162,900 (±$15,740)	+70.6%	Up after inflation
Median owner cost with a mortgage	$888 (±$121)	$1,227 (±$140)	+38.2%	No measurable change after inflation
Median real estate taxes	$622 (±$83)	$1,151 (±$96)	+85.0%	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 home value in places near Spencer

Nearest places with a published estimate, compared with Spencer
Place	Distance	Median home value	Compared with this place
Spencer	—	$162,900 (±$15,740)	—
Washington Township (Owen County)	1.5 mi	$191,200 (±$11,477)	Higher
Montgomery Township (Owen County)	5.6 mi	$152,800 (±$124,075)	Not measurably different
Clay Township (Owen County)	5.6 mi	$199,500 (±$49,387)	Not measurably different
Lafayette Township (Owen County)	6.0 mi	$164,500 (±$31,929)	Not measurably different
Stinesville	6.6 mi	$129,400 (±$67,934)	Not measurably different
Franklin Township (Owen County)	6.8 mi	$224,000 (±$34,619)	Higher
Gosport	7.2 mi	$108,300 (±$33,400)	Lower
Bean Blossom Township	7.4 mi	$266,000 (±$36,288)	Higher

Nearby places with a measurably lower figure: Gosport, IN ($108,300).

Nearby places with a measurably higher figure: Washington Township (Owen County), IN ($191,200), Franklin Township (Owen County), IN ($224,000), Bean Blossom Township, IN ($266,000).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Owen County, place by place

Rank	Place	Median home value
2	Clay Township (Owen County)	$199,500 (±$49,387)
3	Washington Township (Owen County)	$191,200 (±$11,477)
4 (tie)	Jennings Township (Owen County)	$190,500 (±$97,141)
4 (tie)	Taylor Township (Owen County)	$190,500 (±$37,742)
6	Morgan Township (Owen County)	$169,600 (±$32,624)
7	Lafayette Township (Owen County)	$164,500 (±$31,929)
8	Spencer	$162,900 (±$15,740)
9	Montgomery Township (Owen County)	$152,800 (±$124,075)
10	Marion Township (Owen County)	$148,800 (±$108,184)
11	Jefferson Township (Owen County)	$147,700 (±$45,594)
12	Jackson Township (Owen County)	$141,700 (±$43,708)
13	Harrison Township (Owen County)	$136,200 (±$81,670)
14	Wayne Township (Owen County)	$132,000 (±$29,136)

Showing 13 of 15 places in Owen 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

What is the average home value in Spencer, IN?

The Census Bureau publishes the median: $162,900 (±$15,740) for owner-occupied homes in Spencer (2020–2024 American Community Survey).

Have home values in Spencer gone up?

In Spencer, the median home value went from $95,500 in 2015–2019 to $162,900 in 2020–2024 (+70.6%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Spencer sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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) for Spencer town, Indiana (place:71972, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.