Spencer County, IN Average Home Price (2026)
The average home price in Spencer County, Indiana is about $216,000 (the 2026 median across 10 ZIP codes, at ~$149/sq ft) — 8% more affordable than the Indiana median and 25% more affordable than the typical U.S. home.
How Spencer County compares
Spencer County is about average for housing nationally: its typical home costs $216,000 against $234,000 for Indiana and $289,000 for the U.S. Within the county, ZIP-level values run from about $177,000 to $296,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Spencer County | $216,000 | $149 |
| Indiana | $234,000 | $154 |
| United States | $289,000 | $193 |
Spencer County home prices by ZIP code
The 10 most valuable ZIP codes in Spencer County (of 10 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 47579 Santa Claus | $296,000 | $165 | +37% |
| 47550 Grandview | $293,000 | $154 | +36% |
| 47531 Evanston | $270,000 | $143 | +25% |
| 47577 Bristow | $222,000 | $128 | +3% |
| 47537 Gentryville | $217,000 | $300 | +0% |
| 47635 Rockport | $215,000 | $135 | +0% |
| 47611 Chrisney | $206,000 | $133 | -5% |
| 47634 Richland | $189,000 | $173 | -12% |
| 47615 Grandview | $187,000 | $164 | -13% |
| 47588 Tell City | $177,000 | $93 | -18% |
Home value appreciation in Spencer County
Home prices in Spencer County have risen about 73% over the last 10 years (≈5.6% a year) and +97.1% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +0.7% — roughly flat. A home worth $216,000 today was worth roughly $124,783 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Indiana is +94.5% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Spencer County
Run the numbers for Spencer County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Spencer County
To buy the typical $216,000 home in Spencer County with 20% down, you need a household income of roughly $59,000 a year (about $1,370 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $70,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $10,800 | $1,700/mo | $73,000/yr |
| 10% (+PMI) | $21,600 | $1,630/mo | $70,000/yr |
| 20% | $43,200 | $1,370/mo | $59,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Spencer County
At about $149 per square foot, here is roughly how much home different budgets get you in Spencer County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1010 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1340 sq ft | around the typical home here |
| $250k | 1680 sq ft | around the typical home here |
| $300k | 2010 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 2680 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Indiana.
Estimate a specific home in Spencer County
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Spencer County home prices: frequently asked
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Browse all Indiana cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.