Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.5 yrs |
|---|---|
| Avg HH Size | 2.17 |
| Below Poverty | 12.7% ▲ 27% above avg |
| College Grads | 41.2% ≈ Avg |
| Unemployment | 4.7% ≈ Avg |
| No HS Diploma | 60 (0.7%) |
| HS Graduate | 2,703 (32.1%) |
| Some College | 1,192 (14.2%) |
| Associates | 1,000 (11.9%) |
| Bachelors | 1,093 (13%) |
| Graduate Degree | 2,374 (28.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,175 ▼ 20% below avg |
|---|---|
| Median Home Value | $180,400 ▼ 35% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $796/mo |
| Total Housing Units | 6,096 |
| Vacant Units | 540 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Iowa, located in Clay County. The city spans 1 ZIP code and is home to approximately 12,402 residents. It is a middle-aged city, with a median age of 41.5 years.
Economically, Spencer is a solidly middle-class community. The median household income of $61,175 is below the national average. Approximately 12.7% of residents live below the poverty line. The unemployment rate is 4.7%, near the national average.
The real estate market in Spencer is an affordable housing market. Median home values stand at $180,400, which is below the national average. Renters typically pay around $796 per month. Homeownership is high at 69.5%, typical of suburban and family-oriented communities.
The population of Spencer is well-educated. 41.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (90.74%).
Spencer, IA offers residents a cost-conscious lifestyle within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 51301 | 12,402 | $61,175 | $180,400 | $796 | 4.7% | 41.2% | 69.5% |