Zip Code: 47431 (Spencer, Indiana) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 47431 Zip Code (Spencer, Indiana) in February 2026 was $231,412.687. The month over month percentage change (MoM) was 1.15%, and the year over year percentage change (YoY) was -0.49%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 47431 zip code (Spencer, Indiana). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 47431 zip code (Spencer, Indiana).

You can see similar information for other Indiana zip codes, and for Indiana.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 47431 (Spencer, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 47431 (Spencer, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 115975.56507935992 0.18 4.46
Feb 2015 115702.5328025866 -0.23 4.29
Mar 2015 116035.43905814318 0.29 3.99
Apr 2015 116663.35301324238 0.54 4.43
May 2015 117499.88147271187 0.72 4.92
Jun 2015 117957.32833831111 0.39 4.68
Jul 2015 118031.29540467654 0.06 3.83
Aug 2015 118005.36348020566 -0.02 3.18
Sep 2015 118378.34530494238 0.32 3.11
Oct 2015 119044.6785561442 0.56 3.54
Nov 2015 119749.9365770265 0.59 3.76
Dec 2015 119614.66719123923 -0.11 3.33
Jan 2016 119645.12162299691 0.03 3.16
Feb 2016 120272.66604475344 0.53 3.95
Mar 2016 121254.10882709948 0.82 4.50
Apr 2016 121850.03345708926 0.49 4.45
May 2016 122312.13696245862 0.38 4.10
Jun 2016 123076.93319238197 0.63 4.34
Jul 2016 123926.97040631885 0.69 5.00
Aug 2016 124385.9921581229 0.37 5.41
Sep 2016 124711.82581278433 0.26 5.35
Oct 2016 124827.97078038647 0.09 4.86
Nov 2016 124551.8816011392 -0.22 4.01
Dec 2016 124188.32350777446 -0.29 3.82
Jan 2017 124236.38929499096 0.04 3.84
Feb 2017 124790.27692907938 0.45 3.76
Mar 2017 125761.05290221582 0.78 3.72
Apr 2017 127067.3273438769 1.04 4.28
May 2017 128585.03934787966 1.19 5.13
Jun 2017 129838.73398105503 0.98 5.49
Jul 2017 130938.17741128402 0.85 5.66
Aug 2017 131920.86327994 0.75 6.06
Sep 2017 132877.6956427594 0.73 6.55
Oct 2017 133744.59326785445 0.65 7.14
Nov 2017 135247.80032809172 1.12 8.59
Dec 2017 136977.26564826266 1.28 10.30
Jan 2018 138826.61452298562 1.35 11.74
Feb 2018 140025.8436661175 0.86 12.21
Mar 2018 141196.89940593787 0.84 12.27
Apr 2018 142297.64014970305 0.78 11.99
May 2018 143858.52521753556 1.10 11.88
Jun 2018 144995.5404625642 0.79 11.67
Jul 2018 144991.73363641454 0.00 10.73
Aug 2018 144064.25536912176 -0.64 9.21
Sep 2018 143319.15625031677 -0.52 7.86
Oct 2018 142727.06794690044 -0.41 6.72
Nov 2018 142756.68679224854 0.02 5.55
Dec 2018 142777.73612280047 0.02 4.24
Jan 2019 142624.23979993726 -0.11 2.74
Feb 2019 141992.1953447299 -0.44 1.40
Mar 2019 141052.4693086424 -0.66 -0.10
Apr 2019 140700.5504251935 -0.25 -1.12
May 2019 140276.06906422533 -0.30 -2.49
Jun 2019 140459.73839185404 0.13 -3.13
Jul 2019 141191.49766188746 0.52 -2.62
Aug 2019 142727.26179418762 1.09 -0.93
Sep 2019 143981.36032933716 0.88 0.46
Oct 2019 144964.4817763844 0.68 1.57
Nov 2019 145925.68896216605 0.66 2.22
Dec 2019 147692.73091633298 1.21 3.44
Jan 2020 149338.49610157285 1.11 4.71
Feb 2020 150891.85422933547 1.04 6.27
Mar 2020 152082.8062939211 0.79 7.82
Apr 2020 154166.49509156562 1.37 9.57
May 2020 155573.06667951608 0.91 10.91
Jun 2020 157010.2361350002 0.92 11.78
Jul 2020 158123.96399510687 0.71 11.99
Aug 2020 160822.01395233895 1.71 12.68
Sep 2020 164183.86694257695 2.09 14.03
Oct 2020 167977.86036540195 2.31 15.88
Nov 2020 171631.6827622564 2.17 17.62
Dec 2020 175551.34626513885 2.28 18.86
Jan 2021 178785.63281713522 1.84 19.72
Feb 2021 181450.86249571084 1.49 20.25
Mar 2021 183289.66356824487 1.01 20.52
Apr 2021 185467.43659469087 1.19 20.30
May 2021 187805.06993762843 1.26 20.72
Jun 2021 190354.14943345325 1.36 21.24
Jul 2021 191715.13034837515 0.72 21.24
Aug 2021 192184.6497445542 0.25 19.50
Sep 2021 191064.25806431365 -0.58 16.37
Oct 2021 190663.9159542251 -0.21 13.51
Nov 2021 191069.98673020283 0.21 11.33
Dec 2021 192737.3636472474 0.87 9.79
Jan 2022 196262.5661361243 1.83 9.78
Feb 2022 200363.64173798708 2.09 10.42
Mar 2022 205390.73953537762 2.51 12.06
Apr 2022 209639.01945418326 2.07 13.03
May 2022 212378.1059370675 1.31 13.08
Jun 2022 214448.19112294086 0.98 12.66
Jul 2022 214535.32569487012 0.04 11.90
Aug 2022 214142.50310400745 -0.18 11.43
Sep 2022 212030.44459547751 -0.99 10.97
Oct 2022 209743.8242002713 -1.08 10.01
Nov 2022 207856.8430505819 -0.90 8.79
Dec 2022 206723.98027072882 -0.55 7.26
Jan 2023 205502.11231271966 -0.59 4.71
Feb 2023 204487.30763952504 -0.49 2.06
Mar 2023 204713.50710080142 0.11 -0.33
Apr 2023 207205.4870284171 1.22 -1.16
May 2023 210428.5168568741 1.56 -0.92
Jun 2023 212814.65873307618 1.13 -0.76
Jul 2023 214104.58199821998 0.61 -0.20
Aug 2023 215413.67297877165 0.61 0.59
Sep 2023 216643.63617639174 0.57 2.18
Oct 2023 217322.77178398674 0.31 3.61
Nov 2023 217360.70218701442 0.02 4.57
Dec 2023 217232.14737597472 -0.06 5.08
Jan 2024 216581.06164120752 -0.30 5.39
Feb 2024 216748.50183945845 0.08 6.00
Mar 2024 217863.74777323837 0.52 6.42
Apr 2024 220662.47089874992 1.29 6.50
May 2024 223031.01817419936 1.07 5.99
Jun 2024 224691.37171213832 0.74 5.58
Jul 2024 226135.8980676066 0.64 5.62
Aug 2024 227857.54314093862 0.76 5.78
Sep 2024 228917.0865482615 0.47 5.67
Oct 2024 229373.45067180204 0.20 5.55
Nov 2024 228762.28873898662 -0.27 5.25
Dec 2024 229566.5083678237 0.35 5.68
Jan 2025 230919.58896581538 0.59 6.62
Feb 2025 232551.2287015509 0.71 7.29
Mar 2025 232435.10204759656 -0.05 6.69
Apr 2025 230241.744469482 -0.94 4.34
May 2025 227357.13964645014 -1.25 1.94
Jun 2025 224586.7935817494 -1.22 -0.05
Jul 2025 223679.01890283264 -0.40 -1.09
Aug 2025 223295.64493180075 -0.17 -2.00
Sep 2025 223769.18690045562 0.21 -2.25
Oct 2025 224323.06794582016 0.25 -2.20
Nov 2025 225463.14230918852 0.51 -1.44
Dec 2025 226996.07370371002 0.68 -1.12
Jan 2026 228788.1526671468 0.79 -0.92
Feb 2026 231412.6868303716 1.15 -0.49