Spencer, IA Real Estate
According to census data in the year 2000 there were 5,177 housing units in Spencer.
This represents a 7.3% growth from 4,824 in 1990.
Of those housing units, 4,977 were located in either urbanized areas or urban clusters, and 200 were located in what is classified as a rural area.
Homeownership rate in Spencer is about 65%.
Spencer's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Spencer were built after 1959.
|Housing Units by Size|
|Five Bedrooms or more||2.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.47|
|Median year structure was built||1958|
|Median Value of occupied units||$80,900|
|Median Price asked for vacant units||$61,400|
Rented Homes, Apartments and Condos
|Average Household Size||1.94|
|Median year structure was built||1961|
|Median Monthly Rent asked for vacant units||$222|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||8.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.1%|