Spiceland, Indiana.
Typical home $209,327 (+2.5% in a year). New Castle, IN metro.
to buy the typical home at today's mortgage rate — +$670 (+156%) since Jan 2020.
- 1 year
- Up $5,155 +3%
- $204,172$209,327 since Sep 2025
- 5 years
- Up $64,956 +45%
- $144,370$209,327 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.
- Spiceland$1,099
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Spiceland, IN rose 2.5% over the past year — faster than the nation's +1.2%.
Living in Spiceland, Henry County, Indiana
Spiceland is a town of 958 people in Henry County. Unemployment in Henry County was 3.3% in August 2026, and the county had 1.5% more jobs in 2025 than the year before. The most people in Henry County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Spiceland is a very small town in Henry County, Indiana, where people tend to know one another by sight if not by name. Homes here are priced somewhat below what many buyers would expect in more built-up parts of the state. Fewer adults hold a four-year degree than in many places, and nearly everyone who works has to travel some distance to do it, since commutes run long and almost no one works from home.
Work. Residents of Spiceland work mostly in schools, hospitals and social care, with manufacturing, shops and professional and business services close behind. Across Henry County, some of the largest workplaces are Boar's Head in New Castle, Henry County Memorial Hospital and New Castle Community School. Jobs across the county grew slightly last year, and unemployment there has eased a little since a year earlier.
Things to do. Hoosier Gym is a stadium a short drive away, and Guyer Opera House, a theatre, is also close by. Mounds State Park, a protected area, is a longer drive away. Winters are cold, with a fair amount of snow, and summers turn warm, so the park is most comfortable in the milder seasons.
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- 328households
- 17%of adults have a degree
- 32 mintypical commute
- 2%work from home
What people in Henry County work in
Employed residents by industry, from the Census survey. Henry County had 13,967 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 17°; warmest in July, with highs near 83° and lows near 61°. About 25 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Castle Southwest weather station, 4 miles away (NOAA).
Largest workplaces in Henry County
- Boar's Head - New CastleProcessed meats manufacturing940
- TS Tech Indiana606
- New Castle Community School CorpSchool district574FTE
- Henry County Memorial HospitalGeneral hospital462FTE
- Crown Equipment New Castle, IndianaForklifts manufacturing397
- WalmartWarehouse clubs and supercenters351
- Shenandoah School CorporationSchool district150FTE
- C A Beard Memorial School CorpSchool district147FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 37 workplaces with 20 or more staff, 3,678 people in all across the county; Spiceland has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- HailRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Spiceland’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Henry County and the New Castle, IN metro.
Spiceland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Spiceland$209,327
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Spiceland8
Zip codes with a Spiceland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Spiceland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.