Spencer, IN Real Estate

According to census data in the year 2000 there were 1,169 housing units in Spencer. This represents a 0.3% decline from 1,173 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,169 were located in what is classified as a rural area.

Homeownership rate in Spencer is about 57%. Spencer's vacancy rate, including seasonal lodging, is about 6.8%. Average household size is 2.14 people.

The majority of houses, apartments or condos in Spencer were built after 1960.


Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom10.50%
Two Bedrooms49.30%
Three Bedrooms29.40%
Four Bedrooms7.40%
Five Bedrooms or more1%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1947
Median Value of occupied units$78,400
Median Price asked for vacant units$88,800

Rented Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1969
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.80%
Home Equity Loan2.60%
Simple Mortgage45.10%
Debt Free45.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14%