Indiana
Spencer County
19,871 residents67 permits TTM$70,890 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$180,200
ACS 5-Year
Cap rate proxy
4.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
11.8%
HUD FMR ÷ ACS HHI
Net migration
+1.61%
IRS SOI
Permits (TTM)
67
Census BPS
Climate risk
39.4
FEMA NRI (0–100)
ZIP code breakdown11 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 47615 | $180,200 | $956 | 6.4% | 0.8 | — |
| 47634 | $180,200 | $956 | 6.4% | 0.8 | — |
| 47611 | $180,200 | $956 | 6.4% | 0.8 | — |
| 47635 | $180,200 | $956 | 6.4% | 0.7 | — |
| 47531 | $180,200 | $956 | 6.4% | 0.5 | — |
| 47579 | $180,200 | $956 | 6.4% | 0.5 | — |
| 47537 | $180,200 | $956 | 6.4% | — | — |
| 47550 | $180,200 | $956 | 6.4% | — | — |
| 47552 | $180,200 | $956 | 6.4% | — | — |
| 47577 | $180,200 | $956 | 6.4% | — | — |
| 47588 | $180,200 | $956 | 6.4% | — | — |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
81.2%
Census ACS
Vacancy rate
8.1%
Census ACS
Bachelor's degree +
21.2%
Census ACS
Rent burdened
32.5%
Census ACS (>30% income)
Median age
44.2
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026