Spencer, OK Real Estate

According to census data in the year 2000 there were 1,608 housing units in Spencer. This represents a 0.4% growth from 1,601 in 1990.

Of those housing units, 1,514 were located in either urbanized areas or urban clusters, and 94 were located in what is classified as a rural area.

Homeownership rate in Spencer is about 71.9%. Spencer's vacancy rate, including seasonal lodging, is about 8.8%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Spencer were built after 1967.


Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom9.90%
Two Bedrooms30.20%
Three Bedrooms53.20%
Four Bedrooms4.10%
Five Bedrooms or more1.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1966
Median Value of occupied units$51,600
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size3.16
Median year structure was built1971
Median Monthly Rent asked for vacant units$118

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage7%
Home Equity Loan6.10%
Simple Mortgage47.60%
Debt Free38.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.9%