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Spencer, MA
Full City Profile · Massachusetts · Worcester County County
2.8
/5.0
C+
Fair
5,520
Population
2,616/sq mi density
$59,618
Median Income
$35,488 per capita
$297,700
Home Value
$425,177 Zillow
$1,052
Median Rent
30.1% income on rent
48°F
Avg Temperature
246 sunny days/yr
92
Violent Crime/100K
546 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$59,618 median income, 3.7% unemployment
B+
Affordability
3.9 / 5.0
$297,700 home value, $1,052/mo rent
F
Safety
1.0 / 5.0
92 violent crimes/100K
C
Education
2.3 / 5.0
15.7% bachelor's degree or higher
Housing Overview
Median Home Value
$297,700
6% above
US avg: $281,900
Median Rent
$1,052/mo
10% below
US avg: $1,163/mo
Homeownership Rate
40.9%
37% below US avg (65.4%)
Total Housing Units
3,044
Median year built: 1953
Home Value by Source
Census Median
$297,700
Zillow (ZHVI)
$425,177
Median Sale Price
$450,000
Median List Price
$300,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
40.9%
Owner-Occupied
59.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent:
$1,052/mo
Market Indicators (Redfin)
Median Days on Market
41 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$253
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
30.1%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
40.9%
Complete Housing Data
Home Values
| Census Median Value | $297,700 |
| Zillow Home Value (ZHVI) | $425,177 |
| Median Sale Price | $450,000 |
| Median List Price | $300,000 |
| Price Per Sq Ft | $253 |
Rent
| Census Median Rent | $1,052 |
| FMR Studio | $1,727 |
| FMR 1-Bedroom | $1,822 |
| FMR 2-Bedroom | $2,300 |
| FMR 3-Bedroom | $2,858 |
| FMR 4-Bedroom | $3,232 |
Market
| Days on Market | 41 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 3 |
| Active Inventory | 4 |
| Price Per Sq Ft | $253 |
Ownership & Stock
| Owner-Occupied | 40.9% |
| Renter-Occupied | 59.1% |
| Homeownership Rate | 40.9% |
| Total Housing Units | 3,044 |
| Median Year Built | 1953 |
| Rent Burden | 30.1% |