Spencerville, IN—46788
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spencerville, IN
As of Nov '25, the median home price in Spencerville, IN is $441,000, with a year-over-year change of 4.4%. This indicates that home prices in Spencerville, IN are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | 4.4% |
| Single Family | $441,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | 4.5% |
3 Bed | $423,000 | 4.7% |
4 Bed | $530,000 | 7.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spencerville, IN
As of July '25, Rentcast reports the average rent in Spencerville, IN is $2,500, with a year-over-year rent change of 9.6%. Detailed rent data by bedroom size is not available for Spencerville, IN. The most common rental property sizes in Spencerville, IN are 4-bedroom and 3-bedroom, accounting for 55.4% and 44.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| 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 — Spencerville, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in Spencerville, IN is 124. This is a increase of 16.0% 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 | $1,000,000 | 102.0% |
Listing Count | 3 | -32.0% |
| Listings as % of Homes | 0.4% | -32.0% |
Days on Market | 124 | 16.0% |
Demographics — Spencerville, IN
As of the latest ACS Survey released in 2023, Spencerville, IN has a population of 4,370, which has increased by 20.8% over the past 5 years. Spencerville, IN is a popular place for families, as children make up 39.7% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,370 | 20.8% |
% Under 18 | 39.7% | 7.9% |
% Seniors | 8.6% | -17.3% |
% WFH | 4.1% | -61.7% |
% w/ College Degree | 27.5% | 38.2% |
As of the latest ACS Survey released in 2023, Spencerville, IN is a predominantly white area, with 93.8% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Spencerville, IN is hispanic, making up 3.5% of the population. Foreign-born residents account for 0.7% of the population in Spencerville, IN, and this percentage has decreased by 53.3% 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 | 93.8% | 1.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.5% | -12.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | -53.3% |
Mortgage and Risk — Spencerville, IN
Spencerville, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Spencerville, IN
Spencerville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $980 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | N/A | N/A | $1,530 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Spencerville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $441,000 |
| Median Household Income | $97,200 |