47431
Spencer, Indiana.
Spencer, Owen County, IN · Bloomington, IN metro · population 1,662
to buy the typical home at today's mortgage rate — +$668 (+123%) since Jan 2020.
- 1 year
- Up $7,457 +3%
- $223,499$230,956 since Sep 2025
- 5 years
- Up $40,122 +21%
- $190,834$230,956 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 47431$1,212
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in zip 47431 rose 3.3% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Spencer, IN — measured over the city limits, which is a different area from this zip.
Typical home value — 47431
Mid-tier homes, smoothed and seasonally adjusted.
- 47431$230,956
- Bloomington$297,191
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.7 | 47427 | Coal City | 1,014 | — | $205,255 |
| 6.9 | 47460 | Spencer | 11,006 | — | $253,796 |
| 8.4 | 47471 | Worthington | 2,755 | — | $167,740 |
| 9.0 | 47833 | Bowling Green | 836 | — | $231,546 |
| 11.4 | 47841 | Clay City | 2,534 | — | $169,703 |
| 11.6 | 47868 | Poland | 2,666 | — | $199,083 |
| 12.2 | 47459 | Solsberry | 3,485 | — | $253,758 |
| 14.2 | 47840 | Centerpoint | 1,970 | — | $209,442 |
| 14.8 | 47465 | Switz City | 628 | — | $198,359 |
| 15.4 | 47424 | Bloomfield | 8,861 | — | $225,247 |
| 15.6 | 47433 | Gosport | 4,176 | — | $246,265 |
| 15.8 | 47429 | Ellettsville | 7,399 | — | $273,645 |
| 15.8 | 47438 | Jasonville | 4,180 | — | $137,881 |
| 17.0 | 47404 | Bloomington | 22,744 | $1,634 | $310,866 |
| 17.3 | 47858 | Lewis | 946 | — | $211,413 |
| 17.9 | 47846 | Cory | 1,006 | — | $242,509 |
| 19.0 | 47456 | Quincy | 1,455 | — | $274,918 |
| 19.1 | 47403 | Bloomington | 34,396 | $1,360 | $274,667 |
| 19.8 | 46120 | Cloverdale | 5,947 | — | $262,151 |
| 20.0 | 47441 | Linton | 8,910 | — | $171,020 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.