Housing & Real Estate — Spencer, Iowa

Overview

Total Housing Units5,640
Occupied5,145
Vacant495
Owner-Occupied3,481
Renter-Occupied1,664
Median Home Value (Census)$184,800
Estimated 2026~$201,000
Median Rent$795/mo
Median Property Tax$2,419/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilitymoderate
Rent as % of Income16.0%
Severely Rent-Burdened30.6%

Housing Age

Built 2010 or later528
Built 2000-2009652
Built 1990-1999403
Built before 19602,095
Median Year Built1971
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.