Spencer, MA Real Estate
According to census data in the year 2000 there were 2,722 housing units in Spencer.
This represents a 1.9% growth from 2,671 in 1990.
Of those housing units, 2,722 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Spencer is about 43.9%.
Spencer's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Spencer were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 24.20% |
| Two Bedrooms | 33.20% |
| Three Bedrooms | 27.80% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $119,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1941 |
| Median Monthly Rent asked for vacant units | $514 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.10% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 62.30% |
| Debt Free | 24.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
