Question 1

Is 47431 a safe area?

Accepted Answer

ZIP code 47431 in Spencer has a crime score of 50/100, which is roughly average for the region. Reported incidents per 1,000 residents track close to the Spencer city median. Both violent and property crime fall within the expected range for an urban ZIP code. Reviewing the Full Crime Report for 47431 and checking the local police department's crime mapping tool for current incident patterns before making decisions is recommended.

Question 2

What are the best schools near 47431?

Accepted Answer

ZIP code 47431 has a school score of 50/100, based on NCES EdFacts proficiency data. Schools in and near 47431 perform below state averages on math and reading assessments — proficiency rates trail both the Spencer district median and the national baseline. For families prioritizing school quality, comparing individual school ratings in the Full School Report and reviewing each school's state report card before making location decisions is strongly recommended. Scores reflect SY 2020-21 EdFacts data.

Question 3

What is the average home price in 47431?

Accepted Answer

The median home sale price in 47431 is approximately $234K, based on recent Zillow Research ZHVI data. This places 47431 near the metro median for comparable neighborhoods. Median rent in 47431 is available in the Full Market Report. Prices fluctuate with market conditions; Zillow data reflects trailing sale prices, not current listing prices.

Question 4

Is 47431 a good place to live?

Accepted Answer

ZIP code 47431 has an overall NeighborScore of 50/100, which is below average for the Spencer metro. The score weights crime (40%), schools (35%), and relative property value (25%). A score below 60 typically reflects above-average crime rates, below-average school proficiency, or both — though the property value component may show strong relative value (more home per dollar). Reviewing the component scores and the Full Reports for crime, schools, and real estate separately will give a clearer picture than the composite alone.

Spencer — ZIP 47431

Real Estate Snapshot

Crime Overview

Nearby Schools

Demographics

Map

Frequently Asked Questions

Nearby Neighborhoods