Spring Grove, IN housing market
The typical Spring Grove home is worth about $186,000, up 11.3% in a year, 29% below the Indiana typical home.
Home values, sales, trends and how Spring Grove compares with the towns next door — updated as new data is published.
Spring Grove at a glance
Typical home value, 2016–2026
Show as a table
| January | Spring Grove | Indiana |
|---|---|---|
| 2017 | $89,000 | $135,000 |
| 2018 | $94,000 | $144,000 |
| 2019 | $99,000 | $154,000 |
| 2020 | $105,000 | $164,000 |
| 2021 | $114,000 | $183,000 |
| 2022 | $127,000 | $209,000 |
| 2023 | $135,000 | $227,000 |
| 2024 | $141,000 | $237,000 |
| 2025 | $155,000 | $249,000 |
| 2026 | $173,000 | $256,000 |
| August 2026 | $186,000 | $260,000 |
No new homes permitted in 2019
No permits for new homes were issued in Spring Grove in 2019. The last year with any was 2000 (4 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Spring Grove's population fell by 12 and no new homes were permitted. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 4 | 0 | 4 | — |
Spring Grove's permit office didn't report to the Census in 2019, so the 2019 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Spring Grove and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Spring Grove | $186K | +11.3% | $970 | — | $58,359 |
| Richmond | $165K | +6.6% | $970 | 230 | $45,399 |
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 $970
HUD's Fair Market Rent for a two-bedroom in Spring Grove is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Spring Grove pay a median of $437, so moving in tends to cost more than staying put.
Studio $730 · 4 bedrooms $1,480
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47374; Union 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.