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Spencer, TN
Full City Profile · Tennessee · Van Buren County County
2.9
/5.0
C+
Fair
1,494
Population
228/sq mi density
$46,563
Median Income
$24,206 per capita
$135,000
Home Value
$206,809 Zillow
$643
Median Rent
26.7% income on rent
55°F
Avg Temperature
301 sunny days/yr
122
Violent Crime/100K
608 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$46,563 median income, 0.2% unemployment
A+
Affordability
5.0 / 5.0
$135,000 home value, $643/mo rent
F
Safety
1.0 / 5.0
122 violent crimes/100K
D
Education
1.7 / 5.0
8.9% bachelor's degree or higher
Housing Overview
Median Home Value
$135,000
52% below
US avg: $281,900
Median Rent
$643/mo
45% below
US avg: $1,163/mo
Homeownership Rate
71.5%
9% above US avg (65.4%)
Total Housing Units
688
Median year built: 1977
Home Value by Source
Census Median
$135,000
Zillow (ZHVI)
$206,809
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.5%
Owner-Occupied
28.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent:
$643/mo
Affordability & Housing Stock
Rent Burden
26.7%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
71.5%
Complete Housing Data
Home Values
| Census Median Value | $135,000 |
| Zillow Home Value (ZHVI) | $206,809 |
Rent
| Census Median Rent | $643 |
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
Ownership & Stock
| Owner-Occupied | 71.5% |
| Renter-Occupied | 28.5% |
| Homeownership Rate | 71.5% |
| Total Housing Units | 688 |
| Median Year Built | 1977 |
| Rent Burden | 26.7% |