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Spencer, IN

Comprehensive demographics, housing data, local amenities, and economic statistics for Spencer.

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Community Insights

Amenity Score
72/100
highly walkable area
Leading Industries
Retail · Professional Services
27% retail
Home Value Growth⬆
+1.1% over 2 years
Young Adults
30% of residents
above average nationally
Homeowners
74% of occupied units

People & Demographics

Total Population2,681
Households—
Under 18
20.0%
Age 18–34
30.0%
Age 35–64
30.0%
Age 65+
21.0%
Veterans
6.0%
Active Duty
0.0%

Housing & Living

Median Home Value$183,500
Median Gross Rent$788/mo
Owner Occupied
73.6%
Renter Occupied
26.4%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$59,854
Poverty Rate—

Key Industries

Healthcare6.0%
Professional Services2.0%
Manufacturing0.0%
Retail27.0%
Education0.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities72 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
12.0%
Master's or Higher
6.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Spencer?›

The total population of Spencer is approximately 2,681. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Spencer walkable and transit-friendly?›

Based on local geographic data, Spencer has an amenity and walkability score of 72/100 and a transit score of 28/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Spencer?›

The housing market in Spencer is predominantly driven by homeowners, with 74% of housing units being owner-occupied and 26% being renter-occupied.

What is the education level of residents in Spencer?›

In Spencer, approximately 12% of adult residents hold a bachelor's degree or higher. Additionally, 6% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.