Market Snapshot
| Indicator | Value |
|---|---|
| Population | 19,875 ↑ 2.0% since 2020 |
| Median Household Income | $98,333 32% above national median |
| Median Home Value | $297,600 |
| Unemployment Rate | 5.9% |
| Median Age | 43.3 years |
| Housing Vacancy Rate | 7.1% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 19,871 |
| Population (2020) | 19,810 |
| Population Growth | 0.31% |
| Median Household Income | $70,890 |
| Median Home Value | $180,200 |
| Total Housing Units | 8,685 |
| Vacant Housing Units | 706 |
| Housing Vacancy Rate | 8.1% |
| Median Age | 44.2 |
| Bachelor's Degree or Higher | 1,902 (9.6%) |
| Unemployment Rate | 5.9% |
Market Overview
Spencer County, Indiana has a population of 19,871, which has grown 0.31% since 2020. The median household income is $70,890, below the national median of $74,580 by 4.9%. The housing vacancy rate of 8.1% suggests balanced market conditions. Spencer County remains a key area for land acquisition in Indiana.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Spencer County, Indiana?
As of the 2023 American Community Survey, Spencer County has a population of 19,871. The county has grown 0.31% since the 2020 Census, indicating a growing community.
What is the median household income in Spencer County?
The median household income in Spencer County is $70,890, which is 4.9% below the national median of $74,580.
Is Spencer County growing or shrinking?
Spencer County is growing. The population has increased 0.31% since 2020.
What is the housing market like in Spencer County?
The median home value in Spencer County is $180,200. The housing vacancy rate is 8.1%, which suggests balanced market conditions. The unemployment rate is 5.9%, reflecting the local economic conditions.
Does Reelvest buy land in Spencer County, Indiana?
Yes! Reelvest Properties buys vacant land throughout Indiana, including Spencer County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.