Spencer Real Estate Market Conditions

  • Median sales price

    $208,000
    22.15% change since last quarter
  • # Active listings

    50
    30-day change

Spencer Schools and Demographics

Education near Spencer, IN

City County
High School Graduates 85.02 85.35
College Degree - 2 year 5.49 6.64
College Degree - 4 year 11.36 12.67
Graduate Degree 2.45 4.5
Expenditures per Student 10,346 10,346
Students per Teacher 21.2 21.6

Elementary Schools near Spencer, IN

Grades Students P/T Ratio ZIP
Edgewood Early Childhood Cntr PK - PK 103 68.7 47429
Gosport Elementary School KG - 06 161 22.4 47433
McCormick's Creek Elementary School KG - 06 354 20.8 47460
Patricksburg Elementary School KG - 06 170 18.9 47455
Spencer Elementary School PK - 06 713 28.5 47460
Stinesville Elementary School KG - 05 186 16.5 47464

Middle Schools near Spencer, IN

Grades Students P/T Ratio ZIP
Edgewood Junior High School 06 - 08 625 18.9 47429
Owen Valley Middle School 07 - 08 430 17.2 47460

High Schools near Spencer, IN

Grades Students P/T Ratio ZIP
Edgewood High School 09 - 12 819 17.8 47429
Owen Valley High School 09 - 12 834 19.6 47460

Ungraded Schools near Spencer, IN

Grades Students P/T Ratio ZIP
Forest Hills Spec. Educ. Coop PK - 12 0 47429

Demographics near Spencer, IN

City County
Neighborhood Type Small Town
Population 2,260 20,957
Population Density 1,426 54
Median Age 42 44.6
People per Household 2.1 2.4
Median Household Income 35,208 48,315
Average Income per Capita 19,874 24,220

Spencer Real Estate

The median home value in Spencer, IN is $208,000. This is higher than the county median home value of $113,300. The national median home value is $219,700. The average price of homes sold in Spencer, IN is $208,000. Approximately 50.38% of Spencer homes are owned, compared to 37.47% rented, while 12.15% are vacant. Spencer real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Spencer real estate agent to arrange a tour today!

Spencer, Indiana has a population of 2,260. Spencer is less family-centric than the surrounding county with 24.95% of the households containing married families with children. The county average for households married with children is 28.31%.

The median household income in Spencer, Indiana is $35,208. The median household income for the surrounding county is $48,315 compared to the national median of $57,652. The median age of people living in Spencer is 42 years.

Spencer Weather

The average high temperature in July is 84.9 degrees, with an average low temperature in January of 18.9 degrees. The average rainfall is approximately 45.3 inches per year, with 15.1 inches of snow per year.