Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.7 yrs |
|---|---|
| Avg HH Size | 2.65 |
| Below Poverty | 3.6% ▼ 64% below avg |
| College Grads | 23.9% ▼ 38% below avg |
| Unemployment | 1.0% ▼ 79% below avg |
| No HS Diploma | 79 (3.5%) |
| HS Graduate | 1,115 (48.8%) |
| Some College | 258 (11.3%) |
| Associates | 286 (12.5%) |
| Bachelors | 212 (9.3%) |
| Graduate Degree | 335 (14.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $102,083 ▲ 34% above avg |
|---|---|
| Median Home Value | $250,000 ▼ 10% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $1,121/mo |
| Total Housing Units | 1,255 |
| Vacant Units | 51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Ohio, located in Medina County. The city spans 1 ZIP code and is home to approximately 3,190 residents. It is a mature city, with a median age of 46.7 years.
Economically, Spencer is a upper-middle-income community. The median household income of $102,083 is above the national average. Approximately 3.6% of residents live below the poverty line. The unemployment rate is 1.0%, well below the national average.
The real estate market in Spencer is an affordable housing market. Median home values stand at $250,000, which is near the national average. Renters typically pay around $1,121 per month. Homeownership is high at 85.9%, typical of suburban and family-oriented communities.
The population of Spencer is less-educated. 23.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (90.41%).
Spencer, OH offers residents above-average earning potential within Ohio.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 44275 | 3,190 | $102,083 | $250,000 | $1,121 | 1.0% | 23.9% | 85.9% |