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How affordable is this community?
- ACS 5-year estimates · B19013, B25082, B25090 · 2010–2024
- Zillow ZHVI
- FRED 30-year fixed mortgage rate
- Insurance premium rates (CommunityScale)
- Congressional Budget Office CBO Per Capita Wage Growth · Per capita wage growth
- Federal Reserve FRED 30-Year Mortgage Rate · 30-year mortgage rate
- U.S. Bureau of Labor Statistics BLS CPI-U Inflation Ratios · Consumer price inflation factors
- U.S. Census Bureau ACS 5-Year Estimates · B01001, B19001, B19001A, B19001B +22 more ACS Public Use Microdata Sample (PUMS), 5-Year · Household records, Person records, Puerto Rico household records, Puerto Rico person records Census Address Count Listing · Address counts, December 2025 Census Building Permits Survey · Annual permits by county LEHD Origin-Destination Employment Statistics (LODES) · Block crosswalk, Jobs by workplace block
- U.S. Department of Housing and Urban Development HUD Income Limits · Income limits
- U.S. Department of the Treasury Homeowners Insurance Premiums by ZIP Code · Premiums by ZIP code
- Zillow Zillow Housing Data · Home values and rents by ZIP code
- Geography Geographic Crosswalks · Place to county, Tract crosswalk across Census years, ZIP code to ZCTA NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Average homeowners insurance rates, Home values by geography, Household characteristics by income band, Household type by age group +6 more CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
At $216,999, typical home prices in Spencer County, IN are close to the Indiana average of $234,139. Spencer County, IN's median household income of $84,197 comfortably exceeds what is needed to afford the typical home, making this a relatively affordable market.
This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.
How is the population changing?
- Census Population Estimates Program (PEP) · 2010–2025
- ACS 5-year estimates · B01001 · 2010–2024
- CommunityScale population projection model
- U.S. Census Bureau ACS 5-Year Estimates · B01001
- Geography Geographic Crosswalks · Tract crosswalk across Census years NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Population forecast summary CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
Spencer County, IN has a population of roughly 19,955 that has been largely stable in recent years.
Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.
Historical population comes from the U.S. Census Bureau's Population Estimates Program (PEP): counties directly from PEP's annual estimates by age, and municipalities from PEP sub-county totals with age detail from the American Community Survey (ACS). Projections use CommunityScale's PEP-anchored cohort-migration forecast model.
The model follows each five-year age cohort through the community's 2010–2024 population history and projects those cohort trends forward, launching from the most recent PEP estimate (2025). Group-quarters residents — college dorms, prisons, military barracks, nursing facilities — do not follow household demographics, so they are separated out, projected on their own trend, and added back. In small communities, where year-to-year cohort data is noisy, the model blends each cohort's trend toward the community's recent overall trend to keep projections stable.
How has employment changed over time?
- LEHD LODES Workplace Area Characteristics (WAC) · 2012–2023 (latest year per state)
- LEHD LODES Residence Area Characteristics (RAC) · 2012–2023 (latest year per state)
- BLS Quarterly Census of Employment and Wages · 2024
- BLS Local Area Unemployment Statistics · 2024
- U.S. Bureau of Labor Statistics BLS Local Area Unemployment Statistics · Unemployment observations, Unemployment series BLS Quarterly Census of Employment and Wages · Annual employment and wages
- U.S. Census Bureau ACS 5-Year Estimates · B01001 LEHD Origin-Destination Employment Statistics (LODES) · Block crosswalk, Jobs by residence block, Jobs by workplace block
- Geography NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Annual employment with imputed cells, Jobs by sector (residence), Jobs by sector (workplace), Jobs nowcast by sector
Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.
Wage ranges for common occupations show how local pay compares across sectors. Bars show the 25th to 75th percentile annual salary range, with the median marked.
How are households changing by income?
- ACS 5-year estimates · B25007, B01001, B19001, B19113 · 2010–2024
- HUD Income Limits · FY 2025
- BLS CPI-U · 2010–2024
- Census PUMS 5-year · 2019–2023
- Congressional Budget Office CBO Per Capita Wage Growth · Per capita wage growth
- U.S. Bureau of Labor Statistics BLS CPI-U Inflation Ratios · Consumer price inflation factors
- U.S. Census Bureau ACS 5-Year Estimates · B01001, B19001, B19113, B25001 +6 more ACS Public Use Microdata Sample (PUMS), 5-Year · Household records, Person records, Puerto Rico household records, Puerto Rico person records Census Address Count Listing · Address counts, December 2025 LEHD Origin-Destination Employment Statistics (LODES) · Block crosswalk
- U.S. Department of Housing and Urban Development HUD Income Limits · Income limits
- U.S. Department of the Treasury Homeowners Insurance Premiums by ZIP Code · Premiums by ZIP code
- Zillow Zillow Housing Data · Home values and rents by ZIP code
- Geography Geographic Crosswalks · Tract crosswalk across Census years, ZIP code to ZCTA NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Average homeowners insurance rates, Home values by geography, Household type by age group, Households by income band +3 more CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
Spencer County, IN has roughly 8,062 households and a population that has been largely stable in recent years.
Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.
| AMI Group | Income Range | Households |
|---|---|---|
| <30% AMI | <$30K | 1,390 |
| 30-50% AMI | $30K - $50K | 1,389 |
| 50-80% AMI | $50K - $80K | 1,614 |
| 80-100% AMI | $80K - $99K | 882 |
| 100-120% AMI | $99K - $119K | 918 |
| >120% AMI | >$119K | 1,869 |
Who lives here today?
- ACS 5-year estimates · B19001, B19037, B19113, B19131 · 2020–2024
- HUD Income Limits · FY 2025
- Congressional Budget Office CBO Per Capita Wage Growth · Per capita wage growth
- U.S. Census Bureau ACS 5-Year Estimates · B01001, B19001, B19001A, B19001B +11 more
- U.S. Department of Housing and Urban Development HUD Income Limits · Income limits
- Geography Geographic Crosswalks · Tract crosswalk across Census years NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Housing characteristics, Population forecast by age CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
The housing stock in Spencer County, IN is heavily oriented toward detached single-family, which makes up 81% of units. Spencer County, IN is a strongly owner-occupied community, with 75% of households owning their home.
Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.
This chart shows how household composition has changed over time, comparing the distribution of household types between 2015 and 2023. Changes in household types can indicate shifting demographics and evolving housing needs in a community.
In Spencer County, IN, cost burden is relatively limited at 19%.
Cost burden measures the share of household income spent on housing. Households paying more than 30% are considered cost burdened, while those paying more than 50% are severely cost burdened. Lower-income households typically face the highest rates of cost burden.
What does the housing stock look like?
- ACS 5-year estimates · B25024, B25032, B25041, B25042 · 2020–2024
- U.S. Census Bureau ACS 5-Year Estimates · B01001, B25024, B25032, B25041 +1 more
- Geography Geographic Crosswalks · Tract crosswalk across Census years NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Housing stock, Population forecast by age CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.
How much new housing supply is needed?
- ACS 5-year estimates · B25001, B25004, B25016, B25024, B25042, B25053 · 2020–2024
- HUD Income Limits · FY 2025
- Census PUMS 5-year · 2020–2024
- Congressional Budget Office CBO Per Capita Wage Growth · Per capita wage growth
- U.S. Bureau of Labor Statistics BLS CPI-U Inflation Ratios · Consumer price inflation factors
- U.S. Census Bureau ACS 5-Year Estimates · B01001, B19001, B19113, B25001 +8 more ACS Public Use Microdata Sample (PUMS), 5-Year · Household records, Person records, Puerto Rico household records, Puerto Rico person records
- U.S. Department of Housing and Urban Development HUD Income Limits · Income limits
- Geography Geographic Crosswalks · Tract crosswalk across Census years NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries
- CommunityScale Data CommunityScale App Datasets · Household type by age group, Households by income band, Housing stock by age, Housing supply benchmarks +3 more CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
To keep up with growth and fill current housing shortages, Spencer County, IN needs 203 new units over the next 5 years.
| 203 |
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
|
| 81 |
Replacement housing
Effective annual loss rate is 1.9 per 1,000 units.
|
| 51 |
Ownership vacancy adjustment
Owner-occupied vacancy is 0.8%. This is below the minimum stable target of 1.5%.
|
| 71 |
Rental vacancy adjustment
Rental vacancy is 3.2%. This is below the minimum stable target of 7.4%.
|
| 203 |
Total 5-year housing production need (2026-2031)
|
| 41 |
Annual production pace
Average units needed per year to meet 5-year need
|
| 2.3% |
Total housing unit growth
Percent increase in housing stock over 5 years
|
| 0.5% |
Annual housing unit growth
Average percent increase in housing stock per year
|
How do these communities compare to each other?
- ACS 5-year estimates · B01001, B01002, B11001, B19013, B25002, B25003, B25007, B25010, B25024, B25064, B25070, B25077, B25091 · 2010–2024
- BLS CPI-U · 2010–2024
- Congressional Budget Office CBO Per Capita Wage Growth · Per capita wage growth
- Federal Reserve FRED 30-Year Mortgage Rate · 30-year mortgage rate
- U.S. Bureau of Labor Statistics BLS CPI-U Inflation Ratios · Consumer price inflation factors
- U.S. Census Bureau ACS 5-Year Estimates · B01001, B01002, B11001, B11007 +32 more ACS Public Use Microdata Sample (PUMS), 5-Year · Household records, Person records, Puerto Rico household records, Puerto Rico person records Census Address Count Listing · Address counts, December 2025 LEHD Origin-Destination Employment Statistics (LODES) · Block crosswalk, Jobs by workplace block
- U.S. Department of Housing and Urban Development HUD Income Limits · Income limits
- U.S. Department of the Treasury Homeowners Insurance Premiums by ZIP Code · Premiums by ZIP code
- Zillow Zillow Housing Data · Home values and rents by ZIP code
- Geography Geographic Crosswalks · Place to county, Tract crosswalk across Census years, ZIP code to ZCTA Metropolitan and Micropolitan Statistical Area Delineations · CBSA delineation (List 1) NTAD Metropolitan Planning Organizations · Metropolitan planning organizations TIGER/Line Boundaries · Boundaries TIGER/Line Land and Water Area · Land and water area
- CommunityScale Data CommunityScale App Datasets · Average homeowners insurance rates, Comparison community sets, Home values by geography, Household type by age group +5 more CommunityScale Population Forecasts · County population forecasts, Municipality population forecasts
| Place | Households | Household growth 2010-2024 | 65+ households | Median household income | Vacant units |
|---|---|---|---|---|---|
| Spencer County, IN | 8,078 | -0.3% | 34.9% | $74,506 | 7.4% |
| Indiana | 2,716,009 | 10.2% | 30.2% | $71,957 | 8.8% |
| Santa Claus, IN | 1,048 | 3.5% | 36.3% | $89,659 | 5.7% |
| Rockport, IN | 972 | 7.5% | 35.7% | $48,889 | 11.4% |
| Dale, IN | 512 | -25.4% | 27.7% | $61,953 | 6.9% |
| Grandview, IN | 285 | -10.9% | 28.8% | $50,987 | 4.7% |
| Richland, IN | 240 | 5.3% | 31.2% | $73,250 | 9.8% |
| Chrisney, IN | 187 | -26.7% | 35.3% | $55,625 | 10.5% |
| Gentryville, IN | 166 | 88.6% | 68.1% | $49,241 | 4.6% |