Special Interest
Housing in Spencer County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Spencer County averages $751/month for a 2‑bedroom in 2024, compared to the Indiana median of $1,062 and the national median of $1,413. Local renters spend approximately 24% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Spencer County FMR Area are $659 for a studio, $729 for 1‑bedroom, $956 for 2‑bedroom, $1,330 for 3‑bedroom, and $1,382 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $205 increase for a 2-bedroom in Spencer County shows a 27% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Spencer County was 4.0% in 2024, compared to Indiana at 4.2% and the national rate of 4.0%.
