Spiceland, IN housing market
The median sale price was $189,000 in May 2026.
Home values, sales, trends and how Spiceland compares with the towns next door — updated as new data is published.
Spiceland at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Spiceland rose 47% over the past 5 years, slower than across Indiana (53%). Last year prices fell 1.7%.
Show as a table
| Year | Change that year | Since 2017 | Indiana since 2017 |
|---|---|---|---|
| 2025 | −1.7% | +80% | +80% |
| 2024 | −3.3% | +83% | +72% |
| 2023 | +13% | +89% | +63% |
| 2022 | +21% | +68% | +51% |
| 2021 | +13% | +38% | +31% |
| 2020 | +4.1% | +22% | +17% |
| 2019 | +13% | +17% | +13% |
| 2018 | +3.5% | +3.5% | +6.7% |
| 2017 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 47385, 47362, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Spiceland is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Spiceland pay a median of $789, so moving in tends to cost more than staying put.
Studio $770 · 4 bedrooms $1,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47362, 47385; Henry County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.