Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.9 yrs |
|---|---|
| Avg HH Size | 2.49 |
| Below Poverty | 16.8% ▲ 68% above avg |
| College Grads | 19.4% ▼ 50% below avg |
| Unemployment | 7.1% ▲ 44% above avg |
| No HS Diploma | 35 (3.5%) |
| HS Graduate | 470 (46.8%) |
| Some College | 116 (11.5%) |
| Associates | 189 (18.8%) |
| Bachelors | 108 (10.7%) |
| Graduate Degree | 87 (8.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,206 ▼ 18% below avg |
|---|---|
| Median Home Value | $150,400 ▼ 46% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $1,091/mo |
| Total Housing Units | 731 |
| Vacant Units | 75 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spencer is a city in Virginia, located in Henry County. The city spans 1 ZIP code and is home to approximately 1,633 residents. It is a middle-aged city, with a median age of 42.9 years.
Economically, Spencer is a solidly middle-class community. The median household income of $62,206 is below the national average. Approximately 16.8% of residents live below the poverty line. The unemployment rate is 7.1%, above the national average.
The real estate market in Spencer is an affordable housing market. Median home values stand at $150,400, which is below the national average. Renters typically pay around $1,091 per month. Homeownership is high at 80.5%, typical of suburban and family-oriented communities.
The population of Spencer is less-educated. 19.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (82.61%).
Spencer, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 24165 | 1,633 | $62,206 | $150,400 | $1,091 | 7.1% | 19.4% | 80.5% |