The median home in Spencer, Indiana is valued at $237,758, up 1.6% year over year. Spencer is part of the Bloomington, IN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$237,758

+1.6%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$47,552 on $237,758

Example: $75,000 household income. Change it above to see your own.

Affordable24.1% of income

Under the 28% guideline.

PITI$1,504

P/I24.1%

Afford$277K

Room+$39K

P&I $1,202Tax $168Ins $133

6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Spencer with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Bloomington, IN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Bloomington, IN metro.

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Spencer, IN