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Spencer, IA
Full City Profile · Iowa · Clay County County
3.2
/5.0
B
Good
11,393
Population
1,040/sq mi density
$57,068
Median Income
$36,456 per capita
$178,300
Home Value
$191,239 Zillow
$795
Median Rent
26.5% income on rent
46°F
Avg Temperature
260 sunny days/yr
64
Violent Crime/100K
1,662 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$57,068 median income, 3.3% unemployment
A+
Affordability
4.9 / 5.0
$178,300 home value, $795/mo rent
F
Safety
1.0 / 5.0
64 violent crimes/100K
B
Education
3.3 / 5.0
28.2% bachelor's degree or higher
Housing Overview
Median Home Value
$178,300
37% below
US avg: $281,900
Median Rent
$795/mo
32% below
US avg: $1,163/mo
Homeownership Rate
67.7%
4% above US avg (65.4%)
Total Housing Units
5,633
Median year built: 1971
Home Value by Source
Census Median
$178,300
Zillow (ZHVI)
$191,239
Median Sale Price
$105,250
Median List Price
$258,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.7%
Owner-Occupied
32.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$795/mo
Market Indicators (Redfin)
Median Days on Market
79 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
17.4%
of listings with price reduction
Price Per Sq Ft
$82
Active Inventory
46
homes for sale
Affordability & Housing Stock
Rent Burden
26.5%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
67.7%
Complete Housing Data
Home Values
| Census Median Value | $178,300 |
| Zillow Home Value (ZHVI) | $191,239 |
| Median Sale Price | $105,250 |
| Median List Price | $258,450 |
| Price Per Sq Ft | $82 |
Rent
| Census Median Rent | $795 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 79 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 17.4% |
| Homes Sold | 6 |
| Active Inventory | 46 |
| Price Per Sq Ft | $82 |
Ownership & Stock
| Owner-Occupied | 67.7% |
| Renter-Occupied | 32.3% |
| Homeownership Rate | 67.7% |
| Total Housing Units | 5,633 |
| Median Year Built | 1971 |
| Rent Burden | 26.5% |