Spencer, IN Real Estate
According to census data in the year 2000 there were 1,169 housing units in Spencer.
This represents a 0.3% decline from 1,173 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,169 were located in what is classified as a rural area.
Homeownership rate in Spencer is about 57%.
Spencer's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Spencer were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 10.50% |
| Two Bedrooms | 49.30% |
| Three Bedrooms | 29.40% |
| Four Bedrooms | 7.40% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $78,400 |
| Median Price asked for vacant units | $88,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 2.60% |
| Simple Mortgage | 45.10% |
| Debt Free | 45.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
