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Spencer

Spencer

Located in Owen County

$212,554 Average Value
$206 Average Price per Sq Ft
8 Homes For Sale

Spencer is a “quaint town” amid rural scenery

Spencer, Indiana, is a town of about 2,400 people amid the hilly and wooded farmland west of Bloomington . Along with offering more affordability than some of its neighbors, Spencer has a variety of recreation options and a walkable downtown with local restaurants, boutiques and other attractions. It's home to the Owen County Fair and neighbors McCormick’s Creek State Park, one of the region’s leading outdoor destinations. “It’s an older community,” says Michelle Stanger, a Realtor and owner of Stanger Homes. “And if you don’t mind the commute, you’re not too far from Bloomington. People should come to see it. It’s a nice little, quaint town.”

The town has many homes from the early 20th century

Homes here are along mostly gridded streets lined by mature trees. Spencer has some modern housing from the 2010s and 2020s, but many of its homes date back to the first half of the 20th century. Housing styles include Craftsman, gable-ell, Queen Anne and American Foursquares. The town also has manufactured homes and cottages with cross-gabled roofs and wide covered porches. Depending on size and lot acreage, most homes go from about $170,000 to $410,000. Overall, Spencer has lower housing costs than some other places in the region. The town’s median sale price of about $275,000 is $35,000 less than that of nearby Ellettsville and about $100,000 below Bloomington. “It’s definitely affordable there,” Stanger says of Spencer.

Historic downtown offers dining and shopping

The town’s historic downtown has some colorful, Italianate buildings, all located around the Neoclassical home of the Owen County Courthouse. Shoppers will find boutiques here with clothes, seasonal gifts and more. As for food, visitors may start their day at Main St Coffee & Kitchen, which has some owl-themed art on its outside walls. Chambers Smorgasbord has a buffet of comfort foods and desserts, while Jit’s Thai Bistro offers a little more variety. Craft beer fans may sample ales at Civilian Brewing Corps. Walmart and Save A Lot offer nearby grocery shopping, while the Owen County Farmers’ Market runs from May to September. Stanger says the dining staples in and outside the town are a convenience. “It’s where you don’t have to go all the way to Bloomington,” she says. “Or to Nashville [Indiana], and it would be an hour to get there.”

Amenities include local YMCA, trail system and state park

The town offers both indoor and outdoor recreational amenities. Cyclists, walkers and runners may get on the MYPath Trail System near the White River. The group of paths winds past trees, dense bushes and plants. Trail users might also spot metallic and wildlife-themed art along the way. The Owen County Family YMCA is here, offering facilities like an indoor track and pool. For even more activities, there’s McCormick’s Creek State Park. Hikers may see the park’s popular waterfall and get on over 10 miles of trails to explore its limestone canyon and forest. Visitors might also fish on the White River or swim at The Canyon Inn’s Olympic-sized pool.

Spencer-Owen Community Schools serves the town

Spencer-Owen Community Schools serves the town and gets a B-minus from Niche. The town is home to Spencer Elementary School, which gets a C. Students may then go to Owen Valley middle and high schools, which both receive B-minus grades. Owen Valley High’s programs include Jobs for America’s Graduates, which helps students enter the workforce by learning certain job skills. Students interested in joining the service may also sign up for Air Force Junior ROTC.

Spencer hosts county fair and other events at fairgrounds

In July, many come out here for the Owen County Fair. The roughly week-long event brings in entertainment like carnival rides, livestock shows and demolition derbies. The fairgrounds also host other events like bingo and line dancing nights.

State Road 46 connects town to Bloomington and Terre Haute

Indiana State Road 46 passes through Spencer, providing commuters a route to larger communities like Bloomington and Terre Haute . Spencer is less than 20 miles northwest of Bloomington and about 40 miles east of Terre Haute. IU Health Bloomington Hospital is the nearest medical facility, located in Bloomington. Travelers flying out of the state usually go to Indianapolis International Airport, nearly 50 miles northeast of Spencer.

Yann Ranaivo
Written By
Yann Ranaivo

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Spencer Housing Trends

Housing Trends

Median List Price
$375,000
Median Sale Price
$346,000
Median Single Family Sale Price
$375,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
50
Median Home Sale Price YoY Change
38%
Average Price Per Sq Ft
$206

Neighborhood Facts

Number of Homes in Neighborhood
757
Number of Homes for Sale
8
Median Year Built
1946
Months of Supply
1.90
Average Single Family Home Size Sq Ft
1,696
Below the national average
1,924
Average Townhouse Size Sq Ft
2,290
Average 2 Bedroom Size Sq Ft
1,752
Median Lot Size Sq Ft
8,276

Open Houses

  • 2265 Shepard Patrick Rd, Spencer, IN 47460

    $250,000

    • 3 Beds
    • 2 Baths
    • 1,300 Sq Ft
    • 2265 Shepard Patrick Rd
    • New 10 hours ago

    Be the first to own this brand-new 3 bedroom, 2 bathroom home offering 1,300 square feet of thoughtfully designed living space. This home sits on 2.87 acres and offers an open concept kitchen and living room. Just a few finishing touches remain. Don't miss your chance to own a new construction at an excellent value—schedule your showing today!

    Ashton Franklin F.C. Tucker Company

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  • 3320 Pine Wood Dr, Spencer, IN 47460

    $429,900

    • 3 Beds
    • 2 Baths
    • 1,404 Sq Ft
    • 3320 Pine Wood Dr
    • New 2 days ago

    Peaceful Country Living on 10+ Acres | 3 Bed, 2 Bath Home with Expansive Garage & Scenic Views! Tucked away on a stunning 10.28-acre lot surrounded by mature trees and open pasture views, this serene countryside retreat offers the perfect balance of privacy, space, and comfort. This charming single-story home features 3 spacious bedrooms, 2 full bathrooms, and both an attached and detached garage

    Vince Ferguson Mark Dietel Realty, LLC

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Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Area Factors

Somewhat Bikeable

Bike Score®®

36 / 100

Car-Dependent

Walk Score®®

42 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Spencer