Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spencer County area can be challenging. Home prices in Spencer County are now at a median cost of $144,106, lower than the Indiana average of $175,617.
The average cost of rent is $721/mo in Spencer County, primarily driven by the current value of real estate in the Spencer County area. While nearly 41.48% of residents own their homes outright in Spencer County, 20.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer County is $5,290 per month. Households that rent pay about 13.64% of their income on rent here. Spencer County's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the county.
Nearby Counties
- Perry County, IN: equally priced homes
- Warrick County, IN: higher priced homes
- Vanderburgh County, IN: equally priced homes
- Posey County, IN: higher priced homes
- Meade County, KY: higher priced homes
- White County, IL: less expensive homes
- Bullitt County, KY: higher priced homes
- Hamilton County, IL: less expensive homes
- Spencer County, KY: higher priced homes
- Franklin County, IL: less expensive homes
Counties with Similar Populations
- Dawson County, GA: higher priced homes
- West Feliciana Parish, LA: less expensive homes
- Westmoreland County, VA: higher priced homes
- Elmore County, ID: higher priced homes
- Dunklin County, MO: less expensive homes
- Dillon County, SC: less expensive homes
- DeWitt County, TX: equally priced homes
- DeKalb County, TN: higher priced homes
- Decatur County, IN: equally priced homes
- Decatur County, GA: equally priced homes
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