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Spencer, NC
Full City Profile · North Carolina · Rowan County County
3.2
/5.0
B
Good
3,305
Population
972/sq mi density
$64,031
Median Income
$31,042 per capita
$149,800
Home Value
$199,944 Zillow
$1,042
Median Rent
23.9% income on rent
59°F
Avg Temperature
310 sunny days/yr
340
Violent Crime/100K
2,254 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$64,031 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$149,800 home value, $1,042/mo rent
F
Safety
1.0 / 5.0
340 violent crimes/100K
C+
Education
2.7 / 5.0
21.4% bachelor's degree or higher
Housing Overview
Median Home Value
$149,800
47% below
US avg: $281,900
Median Rent
$1,042/mo
10% below
US avg: $1,163/mo
Homeownership Rate
64.3%
2% below US avg (65.4%)
Total Housing Units
1,458
Median year built: 1958
Home Value by Source
Census Median
$149,800
Zillow (ZHVI)
$199,944
Median Sale Price
$235,000
Median List Price
$249,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.3%
Owner-Occupied
35.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$1,042/mo
Market Indicators (Redfin)
Median Days on Market
111 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
3
Price Drops
17.9%
of listings with price reduction
Price Per Sq Ft
$179
Active Inventory
28
homes for sale
Affordability & Housing Stock
Rent Burden
23.9%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
64.3%
Complete Housing Data
Home Values
| Census Median Value | $149,800 |
| Zillow Home Value (ZHVI) | $199,944 |
| Median Sale Price | $235,000 |
| Median List Price | $249,900 |
| Price Per Sq Ft | $179 |
Rent
| Census Median Rent | $1,042 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
| Days on Market | 111 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 17.9% |
| Homes Sold | 3 |
| Active Inventory | 28 |
| Price Per Sq Ft | $179 |
Ownership & Stock
| Owner-Occupied | 64.3% |
| Renter-Occupied | 35.7% |
| Homeownership Rate | 64.3% |
| Total Housing Units | 1,458 |
| Median Year Built | 1958 |
| Rent Burden | 23.9% |