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Learn about the people, housing, costs and businesses in Spencer, Tennessee
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Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Spencer.
True all-in cost — P&I, taxes, insurance & utilities for homes in Spencer.
Find and compare lenders active near Spencer.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Spencer.
Seismic risk and earthquake insurance estimates for Spencer.
Wildfire exposure and insurance estimates for Spencer.
As of today, the 30-year fixed mortgage rate for Spencer is approximately 6.948% (6.986% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for SpencerThe median home value in Spencer is $160k. The median monthly rent is $575. Annual property taxes average $703. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Spencer have increased 22.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $476/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spencer is $54k/year.
Calculate your buying powerThe largest employment sectors in Spencer are public administration (32%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.