Spencer Homes with Not Applicable HOA Frequency

Welcome to Spencer, Indiana – a charming town that beautifully blends small-town charm with modern amenities. Nestled in the heart of Owen County, Spencer is known for its rich history, friendly community, and picturesque landscapes. With its quaint downtown area, residents enjoy a variety of local shops, restaurants, and parks that promote an active and enjoyable lifestyle. Spencer is also surrounded by stunning natural beauty, featuring scenic hiking trails and serene lakes that are perfect for outdoor enthusiasts.

One of the most appealing aspects of living in Spencer is the availability of homes that do not come with homeowners association (HOA) fees. This means more freedom and flexibility for homeowners, allowing you to personalize your property without the constraints often imposed by an HOA. Whether you’re looking for a cozy bungalow or a spacious family home, Spencer offers a diverse range of properties that cater to various lifestyles and budgets.

In addition to its affordable housing options, Spencer boasts a strong sense of community. Residents frequently gather for local events, farmers' markets, and festivals, fostering connections and friendships that last a lifetime. The town's commitment to preserving its history and culture is evident in its well-maintained architecture and community initiatives.

If you're seeking a place where you can enjoy the tranquility of small-town living while still having access to modern conveniences, Spencer, Indiana, is the perfect choice. Discover your dream home in this welcoming community and experience all that Spencer has to offer!

Newest Spencer Homes with Not Applicable HOA Frequency

$750,000

4 Beds ⋅ 3 Baths ⋅ 202633567 MLS ⋅ 2,776 SqFt.

LOCATION . LAKEFRONT . ACREAGE! Welcome to this FOUR bedroom, 2.5 bathroom family home situated on FIFTEEN partially wooded acres, complete with your own private lake and one of the most stunning settings around. Step onto the covered front porch and take in the peaceful surroundings before entering the spacious living room, where abundant natural light creates a warm and inviting atmosphere. A wood-burning stove adds cozy character and provides the perfect gathering spot on cold winter nights. Upstairs, you'll find the dining area and kitchen, along with the primary suite, guest bathroom, and two additional bedrooms, providing a comfortable and functional living arrangement. On the main level, you'll find another bedroom, a spacious family room with a second wood-burning fireplace, and a large laundry area. From the family room, step outside onto the back deck, where you can relax and enjoy the beautiful acreage and private lake. The setting offers more than just beautiful scenery. Hop on the golf cart and head over to the nearby winery, or stay home and enjoy live music while relaxing by your own private lake. With 15 acres of partially wooded land, peaceful water views, and plenty of space to enjoy the outdoors, this property offers a lifestyle that's hard to find. Home comes complete with kitchen appliances. Utilities are provided by South Central REMC, fiber internet is also available from South Central REMC. Private, peaceful, and full of possibilities, this is a place where you can enjoy the comforts of home while making the most of an incredible country setting.

3692 Braysville Rd, Spencer

Listing courtesy of from Williams Carpenter Realtors.

$185,900

3 Beds ⋅ 1 Baths ⋅ 202632294 MLS ⋅ 1,135 SqFt.

So much potential in this 2-bedroom, 1-bath home offering approximately 1,135 square feet of living space on one level and on a convenient corner lot in town. In addition to the two bedrooms, a versatile office/bonus room provides flexible space for work, hobbies, or other needs. Numerous recent improvements add value and peace of mind, including a new roof with gutter guards, new garage with automatic opener, new water heater, updated PEX plumbing, and new sewer lines from the home to the city connection in the alley. The kitchen features a new range and hood microwave, while the furnace has been professionally maintained and updated with a new control board. The hot tub has also been serviced with a new control board. Outside, you'll appreciate the recently added concrete driveway complete with apron and drainage. Situated on a corner lot, this property offers the convenience of in-town living with easy access to local shopping, dining, schools, parks, and everyday amenities. If you're looking for a home with major mechanical updates already completed and a functional floor plan, this property is ready for you to make it your own.

501 W Jefferson St, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$334,900

3 Beds ⋅ 3 Baths ⋅ 202632147 MLS ⋅ 2,464 SqFt.

Welcome to this spacious 3 Bedroom, 2 1/2 Bath home with 2,464-square-foot residence situated on a 0.84-acre lot in the desirable White Oaks Estates neighborhood of Spencer. Designed with both comfort and functionality in mind, this home offers a main-level primary bedroom with its own private bath, along with a convenient half bath for guests and a main-level laundry room. Upstairs, you'll find two additional bedrooms and a full bath, providing flexible space for a variety of living arrangements. The home's generous living areas offer plenty of room for everyday living, entertaining, or relaxing. Outside, enjoy the large yard with space for outdoor activities, gardening, or simply unwinding. The attached 2-car garage provides ample parking and storage, while the 12' x 16' storage shed offers additional room for tools, lawn equipment, or hobbies. Conveniently located just minutes from schools, shopping, dining, and local amenities, this property combines space, practicality, and a desirable location. Don't miss the opportunity to make this inviting Spencer home your own!

186 Ryan Ct, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$140,000

202631982 MLS

Here is an opportunity to own a 3.09ac piece of land with septic, new well water, electric and natural gas at the road. It is set up with a really nice 2014 42 foot Sandpiper with 3 slide outs an outside kitchen with tv. It also has a winter package with heated tanks and has had a split air unit put in it also it has a new water softener and new tires. Leave it where it is or hit the open road. There is a 24'X24' pad out front of RV and a newer shed that is insulated and plumbed with a full size Frig and Washer and dryer in it. The ground is partially wooded with a creek running through it. There are a couple canvas style carport/storage sheds as well. Seller is willing to sell just the land for the right price. This could be you weekend get away or your new home site just minute from Spencer and McCormick State Park. Is this your peace of paradise.

1921 Country Club Rd, Spencer

Listing courtesy of from CK Realty Homes. cell: 812-709-0859

$279,900

4 Beds ⋅ 2 Baths ⋅ 202631782 MLS ⋅ 1,715 SqFt.

Step into your dream home! This stunningly decorated 4-bedroom, 2-bath manufactured home is a true gem, nestled on 3 picturesque acres in a serene country setting. Built in 2006, it boasts a brand-new kitchen, featuring white cabinets, new flooring, and all the essential appliances. Imagine entertaining friends in the expansive dining and living areas, perfect for both lively gatherings and cozy nights in. The primary ensuite offers a private escape, making it your personal oasis. But that’s not all—step outside to discover an impressive 20x12 deck complete with a charming gazebo, added just in June 2026, ideal for outdoor get-togethers under the stars. You'll also enjoy year-round comfort thanks to the newly installed HVAC system from October 2025. Plus, there’s a handy outbuilding/workshop equipped with electricity, opening the door to endless possibilities, whether you're pursuing hobbies or need additional storage. Don’t miss your chance to own this beautifully adorned home in an idyllic country setting—schedule your visit today and make it yours!

4360 Gilmore Rd, Spencer

Listing courtesy of from The Real Estate Co..

$35,000

202631660 MLS

Two and a half secluded acres in Park Hill Estates, right across from McCormick's Creek Park and just minutes from Highway 46 for an easy morning commute. This is one of the last available lots in this peaceful, private neighborhood. The property comes with a completed soil survey and septic locations already staked out, ready for your dream home. Please do not walk the property without an agent

Park Hill Dr, Spencer

Listing courtesy of from RE/MAX Cornerstone. Office: 765-720-2755

$57,500

202631610 MLS

Strategically located on the west end of Spencer, this 1.54-acre parcel offers excellent visibility and accessibility. Zoned BLM1 (Business Light Manufacturing), the property sits adjacent to well-known national retailers Wendy’s and O’Reilly Auto Parts, making it an ideal site for retail, service, or light industrial development. High traffic area with strong potential for growth.

1.54 Acres St, Spencer

Listing courtesy of from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$262,500

3 Beds ⋅ 2 Baths ⋅ 202628087 MLS ⋅ 1,317 SqFt.

New Construction – Currently Under Construction! Completion in August, 2026. Be among the first to own this beautiful new one-level home at 48 W. Clay St., Spencer, IN. Offering approximately 1,317 square feet of thoughtfully designed living space, this home features 9-foot ceilings and an open-concept floor plan that seamlessly connects the living room, dining area, and kitchen. The kitchen will be equipped with a full suite of new black stainless-steel appliances, providing both style and functionality. The efficient layout includes three bedrooms and two full baths, including a primary suite with a private bath. An attached 14' x 23' garage offers convenient parking and additional storage. Situated on a 44' x 68' lot, this home provides the benefits of low-maintenance living with the quality and efficiency of new construction. Conveniently located near shopping, dining, parks, and local amenities. Construction is underway, and final finishes and completion date are subject to construction progress.

48 W Clay St, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$244,900

3 Beds ⋅ 2 Baths ⋅ 202626968 MLS ⋅ 2,256 SqFt.

Welcome home to this well-maintained 3-bedroom, 2-bath residence offering a comfortable layout and a convenient location in Spencer. The spacious floor plan provides flexibility for everyday living, with inviting living areas, a functional kitchen, and ample storage throughout. The primary bedroom includes its own private bath, while the additional bedrooms offer space for family, guests, a home office, or hobbies. Outside, you'll find room to relax, garden, or entertain, with easy access to nearby shopping, dining, schools, parks, and other local amenities. Whether you're searching for your first home, looking to downsize, or simply wanting a property with a practical floor plan and great location, this home is ready for its next owner. Electric range pictured does not go with home but another electric range will be installed. Swimming pool can be removed if desired.

226 N East St, Spencer

Listing courtesy of from Keith Realty & Auction Group. Office: 812-714-8250

$79,900

202629713 MLS

Escape to the peace and privacy of this beautiful 7.51-acre wooded property, conveniently located just 4 miles south of Spencer and only 1.5 miles west of State Highway 43. With approximately 535 feet of county road frontage and paved roads leading to the property, access is easy while still offering a secluded, country setting. The property is heavily wooded, providing an ideal location for a future home, weekend retreat, or recreational getaway. Existing improvements include a well and electric service already on the property, making it even easier to begin your plans. Whether you're looking to build, camp, or simply enjoy nature, this acreage offers a wonderful opportunity in a desirable location.

702 Johnson Rd, Spencer

Listing courtesy of from RE/MAX Select Associates, Inc.. Offc: 812-828-5310

$329,000

3 Beds ⋅ 2 Baths ⋅ 202620798 MLS ⋅ 1,680 SqFt.

Beautiful new construction ranch on 1.7 acres just minutes from town. This 3 bed, 2 bath home offers an open-concept layout with real walnut hardwood floors, quartz countertops, and timeless finishes throughout. Enjoy a private wooded setting with both front and back porches—perfect for relaxing or entertaining. Ideal blend of quality, comfort, and convenience. Don't miss out on the opportunity to call this place home.

2191 Shepard Patrick Rd, Spencer

Listing courtesy of from F.C. Tucker Company.

$39,900

202613664 MLS

This exceptional, improved 4.44-acre lot is heavily wooded and ready for your dream home. Essential utilities—City water, electricity, and natural gas—are accessible, allowing you to easily carve out your ideal building spot among the trees. Listing agent is related to the seller.

Lot B-21 Highway 46, Spencer

Listing courtesy of from Carpenter, REALTORS-Bloomington. cell: 812-585-4792

Start Your Search

IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Last updated