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% |
| Total Recent Sales | 185 transactions |
| Active Listings | 45 properties |
| Avg Days on Market | 552 days |
Rural Land Market (1+ Acres)
| Metric | Value |
|---|---|
| Median Price/Acre | $7,700 |
| Recent Sales | 80 transactions |
| Avg Days on Market | 465 days |
| Avg Parcel Size | 36.90 acres |
| Active Listings | 10 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 142.77 | $675,000 | $4,728 | Rockport |
| Feb 2026 | 85.75 | $225,000 | $2,624 | Rockport |
| Feb 2026 | 3.17 | $25,000 | $7,874 | Rockport |
| Feb 2026 | 112.33 | $672,000 | $5,982 | Evanston |
| Feb 2026 | 10.52 | $110,000 | $10,457 | Chrisney |
| Jan 2026 | 5.20 | $82,300 | $15,827 | Richland |
| Jan 2026 | 3.80 | $62,700 | $16,500 | Richland |
| Jan 2026 | 37.81 | $1,000 | $26 | Chrisney |
| Jan 2026 | 6.80 | $105,000 | $15,441 | Richland |
| Jan 2026 | 56.46 | $425,000 | $7,527 | Santa Claus |
Suburban/Urban Land Market (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Price/Acre | $18,919 |
| Recent Sales | 105 transactions |
| Avg Days on Market | 618 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 35 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 0.34 | $4,000 | $11,869 | Santa Claus |
| Feb 2026 | 0.50 | $170,500 | $343,058 | Richland |
| Feb 2026 | 0.38 | $10,000 | $26,455 | Richland |
| Jan 2026 | 0.25 | $2,500 | $10,000 | Santa Claus |
| Jan 2026 | 0.36 | $4,500 | $12,431 | Santa Claus |
| Dec 2025 | 0.32 | $4,000 | $12,461 | Santa Claus |
| Nov 2025 | 0.36 | $12,000 | $33,333 | Santa Claus |
| Oct 2025 | 0.32 | $5,000 | $15,528 | Santa Claus |
| Oct 2025 | 0.40 | $6,000 | $15,000 | Santa Claus |
| Sep 2025 | 0.44 | $5,000 | $11,364 | Dale |
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. Recent rural land sales show a median price of $7,700 per acre, with properties averaging 36.90 acres. There are currently 45 active land listings in the county.
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. Recent rural land sales (1+ acres) show a median price of $7,700 per acre. Suburban/urban lots under 1 acre have a median price of $18,919 per acre.
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: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.