Indiana / Owen County

Moving to Spencer, IN

Thinking of making a move to Spencer, IN? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Spencer, IN

Considering a move to Spencer, IN? This welcoming community of 2,250 residents offers a blend of suburban charm and convenience, with median home prices around $143,000 and average rents near $780. Commute times average 21 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (54% annually), ideal for families and commuters alike. Explore Spencer's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Spencer, IN

Spencer has a population of 2,250 residents, offering a diverse community with a median age of nearly 41 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 96% White, 1% Black, and 1% Asian residents, and over 4% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
2,250
Density
1,190 per sq mi
Median Age
40.7
Gender Ratio
96 males per 100 females
Non-English Speakers Percentage
3.5%

Ethnic Composition

White
96.4%
Black
0.5%
Asian
0.7%
Others
2.4%

Cost Of Living

What is the average cost of living in Spencer, IN?

The cost of living in Spencer is higher than the national average, with a cost of living index of 83.5. Median home values are around $143,000 and average rents for a two-bedroom apartment are approximately $780. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$143,000
Gross Rent
$780
Monthly Electricity Charges
$130
Auto Insurance
$1,180
House Owner Cost With Mortgage
$1,150
House Owner Cost Without Mortgage
$420
State Taxes
Low: 3.23%| High: 6.73%
Cost Of Living Index
83.5
Grocery
92.5
Housing
62.1
Utilities
103.0
Transportation
89.4
Health Care
95.5
Miscellaneous
87.5

Crime

Is Spencer, IN a safe place to live?

Spencer is considered a safe community, with a low violent crime rate of 180 incidents per 100,000 residents and a property crime chance of 1 in 57. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Indiana.

Violent Crimes Per 100k
180
Property Crimes Per 100k
1,740
Crime Index
1,920
Chance Of Violent Crime
1 in 555
Chance Of Property Crime
1 in 57

Weather

What is the weather like in Spencer, IN year-round?

Spencer experiences four distinct seasons, with warm summers reaching highs of 85°F and cold winters dipping to 20°F. The area receives about 46 inches of rainfall annually and enjoys sunshine on 54% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
20°F
Max
39°F

Summer

Min
62°F
Max
85°F

Spring

Min
42°F
Max
68°F

Fall

Min
45°F
Max
70°F
Average Rainfall Inches
45.6 inches
Sunny Days Percentage
54%

Neighbors

The neighborhood boasts a healthy median household income of $48,900 and a low poverty rate of 17.7%. Over 88% of residents have at least a high school diploma, and nearly 16% hold a bachelor's degree or higher. Commute times average 21 minutes, and almost 0% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$31,800
Household Income
$48,900
Family Income
$64,500
Per Capita Income
$24,900
Income Male
$39,500
Income Female
$29,500
Poverty Rate
17.7%
Non English Speakers
3.5%
Rent
$780
Unemployment Rate
4.7%
Public Transport Usage
0.2%
Commute Time
21.4 minutes

Education

High School or Higher
88.2%
Bachelors or More
16.4%

Education

How are the schools in Spencer, IN?

Spencer offers quality education options, with public schools like Spencer Elementary School and Owen Valley Middle School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Indiana University Bloomington. The community is committed to educational excellence for all age groups.

Public Schools

Name
Spencer Elementary School
Street
151 E Hillside Ave
Phone
812-829-2253
Students
410
Student Teacher Ratio
14.3
Name
Owen Valley Middle School
Street
626 W State Hwy 46
Phone
812-829-2249
Students
500
Student Teacher Ratio
16.1

Colleges

Name
Indiana University Bloomington
City
Bloomington
State
IN
Distance
17 miles
Students
45,000

Healthcare

Spencer residents have access to quality healthcare, with major hospitals like IU Health Morgan nearby. The community benefits from a high physician-to-resident ratio of 1.7 per 1,000 people and 90.4% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
IU Health Morgan
Address
2209 John R Wooden Dr, Martinsville, IN 46151
Phone
(765) 349-6500
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
1.7
Health Insurance Coverage
90.4%
Health Care Index
71.2

Housing Market

What is the housing market like in Spencer, IN?

The local housing market is strong, with a median home price of $143,000 and an owner-occupied rate of nearly 64%. The market has seen a 6.2% appreciation over the past year, and rental vacancy rates remain moderate at 7.5%. Spencer offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$143,000
Average Rent For 2 Bedroom
$780
Owner Occupied Rate
63.8%
Rental Vacancy Rate
7.5%
Home Appreciation Rate (1yr)
6.2%
New Construction Rate
0.9%
Foreclosure Rate
0.3%

DMV Information

Residents of Spencer handle vehicle services through the Indiana Bureau of Motor Vehicles, conveniently located in Spencer. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Indiana
Department
Indiana Bureau of Motor Vehicles
Address
29 N Washington St, Spencer, IN 47460
Phone
888-692-6841

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Spencer, IN

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Spencer, review the core fields on this page: population 2,250, median home value $143,000, average rent for 2 bedroom $780, commute time 21.4 minutes, and sunny days percentage 54%.

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