Spiceland, IN—47385
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spiceland, IN
As of Oct '25, the median home price in Spiceland, IN is $204,000, with a year-over-year change of 9.1%. This indicates that home prices in Spiceland, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 9.1% |
| Single Family | $204,000 | 8.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $152,000 | 8.6% |
3 Bed | $214,000 | 8.6% |
4 Bed | $231,000 | 8.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spiceland, IN
Spiceland, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spiceland, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Spiceland, IN is 45. This is a increase of 144.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $218,000 | -12.0% |
Listing Count | 5 | 10.0% |
| Listings as % of Homes | 0.9% | 10.0% |
Days on Market | 45 | 144.0% |
Demographics — Spiceland, IN
As of the latest ACS Survey released in 2023, Spiceland, IN has a population of 1,700, which has increased by 28.9% over the past 5 years. Spiceland, IN is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,700 | 28.9% |
% Under 18 | 26.1% | 45.8% |
% Seniors | 10.3% | -43.1% |
% WFH | 2.5% | -76.6% |
% w/ College Degree | 27.9% | 56.7% |
As of the latest ACS Survey released in 2023, Spiceland, IN is a predominantly white area, with 98.5% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Spiceland, IN is hispanic, making up 1.1% of the population. Foreign-born residents account for 0.1% of the population in Spiceland, IN, and this percentage has decreased by 80.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.5% | 2.7% |
% Black | 0.2% | ∞% |
% Hispanic | 1.1% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.1% | -80.0% |
Mortgage and Risk — Spiceland, IN
According to HUD data as of 2023, there were 92 mortgage originations in Spiceland, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Spiceland, IN. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Spiceland, IN
Spiceland, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Spiceland, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $204,000 |
| Median Household Income | $100,000 |