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Spencer, NE
Full City Profile · Nebraska · Boyd County County
2.9
/5.0
C+
Fair
298
Population
497/sq mi density
$55,469
Median Income
$31,546 per capita
$85,800
Home Value
$182,292 Zillow
$683
Median Rent
33.3% income on rent
48°F
Avg Temperature
291 sunny days/yr
108
Violent Crime/100K
352 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$55,469 median income, 0.4% unemployment
A+
Affordability
5.0 / 5.0
$85,800 home value, $683/mo rent
F
Safety
1.0 / 5.0
108 violent crimes/100K
D
Education
1.7 / 5.0
8.4% bachelor's degree or higher
Housing Overview
Median Home Value
$85,800
70% below
US avg: $281,900
Median Rent
$683/mo
41% below
US avg: $1,163/mo
Homeownership Rate
67.6%
3% above US avg (65.4%)
Total Housing Units
243
Median year built: 1959
Home Value by Source
Census Median
$85,800
Zillow (ZHVI)
$182,292
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.6%
Owner-Occupied
32.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent:
$683/mo
Affordability & Housing Stock
Rent Burden
33.3%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
67.6%
Complete Housing Data
Home Values
| Census Median Value | $85,800 |
| Zillow Home Value (ZHVI) | $182,292 |
Rent
| Census Median Rent | $683 |
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
Ownership & Stock
| Owner-Occupied | 67.6% |
| Renter-Occupied | 32.4% |
| Homeownership Rate | 67.6% |
| Total Housing Units | 243 |
| Median Year Built | 1959 |
| Rent Burden | 33.3% |