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Spencer, WV
Full City Profile · West Virginia · Roane County County
2.5
/5.0
C+
Fair
2,137
Population
1,710/sq mi density
$25,897
Median Income
$20,334 per capita
$108,700
Home Value
$110,866 Zillow
$658
Median Rent
37.8% income on rent
52°F
Avg Temperature
293 sunny days/yr
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.6 / 5.0
$25,897 median income, 6.6% unemployment
A
Affordability
4.3 / 5.0
$108,700 home value, $658/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.6 / 5.0
7.3% bachelor's degree or higher
Housing Overview
Median Home Value
$108,700
61% below
US avg: $281,900
Median Rent
$658/mo
43% below
US avg: $1,163/mo
Homeownership Rate
45.8%
30% below US avg (65.4%)
Total Housing Units
1,086
Median year built: 1960
Home Value by Source
Census Median
$108,700
Zillow (ZHVI)
$110,866
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
45.8%
Owner-Occupied
54.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$714/mo
1 Bedroom
$766/mo
2 Bedroom
$945/mo
3 Bedroom
$1,231/mo
4 Bedroom
$1,380/mo
Census median rent:
$658/mo
Affordability & Housing Stock
Rent Burden
37.8%
of renters spending 30%+ of income on housing
22% above US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
45.8%
Complete Housing Data
Home Values
| Census Median Value | $108,700 |
| Zillow Home Value (ZHVI) | $110,866 |
Rent
| Census Median Rent | $658 |
| FMR Studio | $714 |
| FMR 1-Bedroom | $766 |
| FMR 2-Bedroom | $945 |
| FMR 3-Bedroom | $1,231 |
| FMR 4-Bedroom | $1,380 |
Market
Ownership & Stock
| Owner-Occupied | 45.8% |
| Renter-Occupied | 54.2% |
| Homeownership Rate | 45.8% |
| Total Housing Units | 1,086 |
| Median Year Built | 1960 |
| Rent Burden | 37.8% |