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Spencer, IN Home Values and Rents
The typical home value in Spencer is $251,315, 168th highest of 351 cities and towns in Indiana. Median rent is $798 a month.
- Typical home value
- $251,315
- 168th of 351 in IN
- Median rent
- $798/mo
- ACS 2020-2024
- Price change, 1 year
- +2.8%
- Sep 2026
- Homeownership
- 67.1%
- IN: 70.6%
Typical home value in Spencer
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Spencer |
|---|---|
| Sep 2026 | $251,315 |
| Dec 2025 | $247,855 |
| Dec 2024 | $243,660 |
| Dec 2023 | $230,445 |
| Dec 2022 | $214,278 |
| Dec 2021 | $196,489 |
| Dec 2020 | $176,632 |
| Dec 2019 | $154,676 |
| Dec 2018 | $142,964 |
| Dec 2017 | $134,024 |
| Dec 2016 | $123,433 |
| Dec 2015 | $117,180 |
| Dec 2014 | $111,757 |
| Dec 2013 | $109,231 |
| Dec 2012 | $106,313 |
Over five years, Spencer prices changed +29.1%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Owen County, IN HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $818 | +6.2% |
| 1 bedroom | $914 | +14.5% |
| 2 bedrooms | $1,014 | +6.1% |
| 3 bedrooms | $1,244 | +7.7% |
| 4 bedrooms | $1,606 | +6.4% |
Frequently asked questions
- What is the typical home value in Spencer, IN?
- The typical home value in Spencer is $251,315 (Zillow Home Value Index, Sep 2026). The Indiana median is $218,200.
- How much is rent in Spencer?
- The median rent in Spencer is $798 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Spencer?
- The typical home value in Spencer changed +2.8% over one year and +29.1% over five years, as of Sep 2026.
- How does Spencer compare with the rest of Indiana?
- Spencer has the 168th highest median home value of 351 cities and towns with 1,000+ residents in Indiana.