Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.3 yrs |
|---|---|
| Avg HH Size | 2.62 |
| Below Poverty | 15.4% ▲ 54% above avg |
| College Grads | 25.2% ▼ 35% below avg |
| Unemployment | 3.6% ▼ 26% below avg |
| No HS Diploma | 34 (1.3%) |
| HS Graduate | 1,170 (44.8%) |
| Some College | 389 (14.9%) |
| Associates | 358 (13.7%) |
| Bachelors | 292 (11.2%) |
| Graduate Degree | 366 (14%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $51,458 ▼ 33% below avg |
|---|---|
| Median Home Value | $137,500 ▼ 51% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $705/mo |
| Total Housing Units | 1,962 |
| Vacant Units | 261 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Tennessee, located in Van Buren County. The city spans 1 ZIP code and is home to approximately 4,550 residents. It is a middle-aged city, with a median age of 42.3 years.
Economically, Spencer is a working-class community. The median household income of $51,458 is below the national average. Approximately 15.4% of residents live below the poverty line. The unemployment rate is 3.6%, below the national average.
The real estate market in Spencer is one of the more affordable housing markets in the country. Median home values stand at $137,500, which is well below the national average. Renters typically pay around $705 per month. Homeownership is high at 80.3%, typical of suburban and family-oriented communities.
The population of Spencer is moderately educated. 25.2% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.53%).
Spencer, TN offers residents a cost-conscious lifestyle within Tennessee.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 38585 | 4,550 | $51,458 | $137,500 | $705 | 3.6% | 25.2% | 80.3% |