Median home value in zip code 47431 (Spencer, IN) is $231,413, down 0.5% year over year. Part of the Bloomington, IN metropolitan area.

Home Value$231,413

YoY Change

-0.5%

Prices falling — better for buyers.

Affordability

Enter your income for 47431 (Spencer).

Income (annual)

Down Payment

$46,283 on $231,413

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

Affordable23.5% of income

Under the 28% guideline.

PITI$1,467

P/I23.5%

Afford$276K

Room+$45K

P&I $1,170Tax $164Ins $133

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

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

Metro Analysis

47431 is part of the Bloomington, IN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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