Housing Value★★★★★★★★★★3.6 / 5Home values compared with local household income.
Living in Spencer, IN
Explore Spencer and see how it fits the life you want to build.
Overall Match7.0 / 10
Baseline match from currently available location scores. Choose priorities to personalize it.
Spencer at a Glance
Key facts and current data
Population2,481
Median Household Income$48,378
Median Home Value$162,900
Median Gross Rent$798
Median Age51.7
Average Household Size2.0
Unemployment4.3%
Work From Home7.1%
Homeownership67.1%
Housing Vacancy10.3%
Source: U.S. Census Bureau, 2020-2024 ACS 5-Year.
Spencer is a smaller community, so land use, housing supply and its relationship with surrounding communities can be especially important to movers.
Experience the Area
Experience Life in Spencer Before You Move
Explore Short-Term Stays in Spencer →Stay options powered by Stay22 · affiliate
NarrowTheList highly recommends you spend a week or two in Spencer and experience everyday life before deciding whether it is the right place to call home. Use that time to explore neighborhoods, drive your normal routes, shop where residents shop, and get a feel for the area at different times of day.
NarrowTheList Ratings
Data-driven starter ratings. More categories appear automatically as new datasets are added.
Housing & Cost of Living in Spencer
Current housing indicators from the U.S. Census Bureau
Median Home Value$162,900
Median Gross Rent$798
Homeownership67.1%
Housing Vacancy10.3%
Home values are comparatively balanced against local household income, although individual neighborhoods can still vary substantially. The housing mix leans toward owner-occupied homes while still supporting a meaningful rental market.
Jobs, Income & Remote Work
Employment and household-income context for Spencer, IN
Median Household Income$48,378
Unemployment4.3%
Work From Home7.1%
The reported unemployment rate is in a middle range.
Population & Household Profile
Who lives in Spencer and how households are structured
Population2,481
Median Age51.7
Average Household Size2.0
Spencer is a smaller community, so its relationship with nearby towns, employment centers and services can be especially important.
Source: U.S. Census Bureau, 2020-2024 ACS 5-Year. NarrowTheList presents these values as relocation context; conditions can vary within a community.
Climate & Weather in Spencer
Long-term NOAA climate normals and practical seasonal context
NOAA climate normals for Spencer point to hot summers, winters with regular freezing conditions, a wetter annual rainfall pattern and a meaningful winter snowfall season.
Average Summer High85.4°F
Average Winter Low20.2°F
Annual Rainfall49.7 in.
Annual Snowfall15.8 in.
Seasonal Life in Spencer
What the long-term climate pattern may mean for everyday living.
Spring
Spring is a good time to see how wetter conditions affect drainage, yards, commuting and the usability of outdoor spaces.
Summer
Summer is warm enough that shade and cooling still matter, but the typical high is below the extreme-heat range seen in many hotter U.S. markets.
Fall
Fall marks a substantial seasonal transition here. It is a useful time to judge how quickly temperatures change and whether that seasonal swing fits the lifestyle you want.
Winter
Freezing winter lows and meaningful snowfall make snow removal, winter driving, heating costs and cold-weather routines important parts of evaluating the area.
Source: NOAA/NCEI U.S. Climate Normals, 1991–2020. Seasonal descriptions are relocation context derived from the available long-term normals, not a forecast.
Spencer is located in Owen County, but city-level housing, income and neighborhood conditions can differ meaningfully from countywide averages. Owen County.
County Intelligence
Spencer & Owen County
Data Pending
Foreclosure Activity
Spencer is located in Owen County, Indiana.
NarrowTheList uses county-level information alongside local community data because many factors that matter when choosing a place to live are measured beyond city boundaries. Housing, property taxes, employment, healthcare access and other regional characteristics can add useful context to the picture of life in Spencer.
Current NarrowTheList data for Spencer shows a population of about 2,481. These local figures become more useful when read together with county-level tax, housing, foreclosure and demographic conditions rather than treated as isolated city statistics.
Foreclosure Activity: Data Pending. A county-specific foreclosure signal is not available yet.
For someone comparing homes, county boundaries can matter because taxes, public services, court and recording systems, assessment practices and housing-market conditions are often administered or reported at the county level. NarrowTheList keeps that county relationship attached to the community so future tax, foreclosure, housing and demographic data can be interpreted in the correct geographic context.
County relationship
Owen County
How NarrowTheList uses it
County information is used as a supporting geographic layer, not as a substitute for local data. As more county datasets are added, NarrowTheList can use them to improve comparisons, ratings and relocation insights for Spencer.
Nearby Cities & Communities
Nearby incorporated cities, towns, villages and other municipalities shown by straight-line distance.