Real Estate Investing in Spencer County, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

11 ZIP codes • Population: 20,947

Should you buy in Spencer County, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.5% vacancy may signal weakening demand.

What’s happening in Spencer County, IN?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $226,567
Avg Monthly Rent $1,008
ZIP Codes 11

Investing in Spencer County Real Estate

With 20,947 residents across 9 cities, Spencer County shows soft fundamentals that keep most passive capital on the sidelines β€” a region that demands real local knowledge.

Spencer is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. plainly out-of-state capital should be especially careful with carry-in assumptions.

The 0% renter share in Spencer masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in Spencer County, IN. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Spencer County, IN?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$226,567
Avg Monthly Rent
$1,008
1% Rule
βœ— Below
Landlord Friendly (IN)
β˜…β˜…β˜…β˜…β˜…

Cities in Spencer County

ZIP Codes in Spencer County, IN

Screen every market in Spencer County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

View Plans

Frequently Asked Questions About Spencer County

How much rent can I charge in, IN?

, IN rentals go for roughly $1,008/mo a month. That puts gross yield in solid territory relative to $227K acquisition costs.

What is the typical renter like in, IN?

, IN offers a consistent renter base at the $1,008/mo rent level. Tenant turnover is reasonable for well-managed properties.

Does, IN make sense for an investment property?

The 3.0/5 investability rating in, IN reflects its $227K prices and $1,008/mo rents. Investors generally consider it a solid option within IN.

How high is vacancy risk in, IN?

Vacancy risk in, IN is elevated. That supports stable cash flow for typical rental holds.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Spencer County, IN.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.