Spiceland, IN
Full City Profile · Indiana · Henry County County
3.5
/5.0
B+
Good
896
Population
614/sq mi density
$63,676
Median Income
$27,003 per capita
$107,700
Home Value
$213,001 Zillow
$778
Median Rent
36.4% income on rent
50°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$63,676 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$107,700 home value, $778/mo rent
D
Education
2.0 / 5.0
12.1% bachelor's degree or higher
Housing Overview
Median Home Value
$107,700
62% below
US avg: $281,900
Median Rent
$778/mo
33% below
US avg: $1,163/mo
Homeownership Rate
74.5%
14% above US avg (65.4%)
Total Housing Units
405
Median year built: 1951
Home Value by Source
Census Median
$107,700
Zillow (ZHVI)
$213,001
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.5%
Owner-Occupied
25.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$778/mo
Affordability & Housing Stock
Rent Burden
36.4%
of renters spending 30%+ of income on housing
17% above US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
74.5%
Complete Housing Data
Home Values
| Census Median Value | $107,700 |
| Zillow Home Value (ZHVI) | $213,001 |
Rent
| Census Median Rent | $778 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 74.5% |
| Renter-Occupied | 25.5% |
| Homeownership Rate | 74.5% |
| Total Housing Units | 405 |
| Median Year Built | 1951 |
| Rent Burden | 36.4% |