Welcome to our 47431 real estate data hub, tailored for investors in Spencer, IN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 47431 in Spencer, IN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in OWEN COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Spencer, IN real estate investing. Uncover the wealth of information available, and position yourself for success in the Spencer property market.
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Location Overview
- Zip Code: 47431
- City: Spencer
- State: IN
- Metro Area: Bloomington, IN
- County Name: OWEN COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $204,089
- Average Home Price (Single Family Homes): $203,062
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: 1.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $840
- Average 3 Bedroom Section 8 Rental Rates: $1,150
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.25
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.79
- Number of Units Offered in Section 8 in the County: 68
- Number of Occupied Units in Section 8 in the County: 65
- Percentage of Section 8 Units Occupied in the County: 95.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): Not Available
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.31%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.13%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 43.67%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 46.52%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 80.39%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%