All Reports Housing Affordability Spencer County • May 2026 • All

Housing Affordability

Home price and typical payment compared to income

 Quick Summary

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Housing AffordabilitySpencer CountyMay 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
May 2026
26.6%
Year-over-year change
+2%
Compared to 26.2% last year
Difference from state
-26%
Compared to 35.8% in Indiana
View source and notes...

Last update: June 7, 2026, 4:13 a.m. Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
May 2026
53.6%
Year-over-year change
-6%
Compared to 57.1% last year
Difference from state
+45%
Compared to 36.9% in Indiana
View source and notes...

Last update: June 7, 2026, 4:03 a.m. Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$76,625
Year-over-year change
+6%
Compared to $72,421 last year
Difference from state
+10%
Compared to $69,976 in Indiana
View source and notes...

Last update: June 7, 2026, 4:13 a.m. Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars.

Market Momentum

Price

Median Monthly Payment

For median-priced home
May 2026
$1,698
Year-over-year change
+2%
Compared to $1,670 last year
Difference from state
-19%
Compared to $2,085 in Indiana
View source and notes...

Last update: June 7, 2026, 4:03 a.m. Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Median Sale Price

3-Month Rolling Median
May 2026
$224,000
Year-over-year change
+5%
Compared to $214,000 last year
Difference from state
-19%
Compared to $275,000 in Indiana
View source and notes...

Last update: June 7, 2026, 4:03 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, June 2026
206
+16%
Under $250K
125
+15%
At Least $250K
81
+19%
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, June 2026
290
+23%
Under $250K
163
+17%
At Least $250K
130
+31%
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, June 2026
58
+27%
Under $250K
30
+80%
At Least $250K
28
-4%
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None