Spencer, IA Real Estate
According to census data in the year 2000 there were 5,177 housing units in Spencer.
This represents a 7.3% growth from 4,824 in 1990.
Of those housing units, 4,977 were located in either urbanized areas or urban clusters, and 200 were located in what is classified as a rural area.
Homeownership rate in Spencer is about 65%.
Spencer's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Spencer were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 14.60% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 38% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $80,900 |
| Median Price asked for vacant units | $61,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $222 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 46.60% |
| Debt Free | 40.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
