USA.com / Iowa / Clay County / Spencer, IA / Housing

Spencer, IA Housing

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As of 2010-2014, median price of a house in Spencer is $110,300, which is lower than the state average of $126,300 and is lower than the national average of $175,700. The Spencer median house value has grown by 36.34% since 2000. The growth rate for the price of a house in Spencer is lower than the state average rate of 53.09% and is lower than the national average rate of 46.91%. The median year that a house in Spencer was built is 1967, which is about the same as the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,517 Owner Occupied Houses in Spencer, IA, #214

Spencer, IA	110,300 USD
Iowa	126,300 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #619

Spencer, IA	36.34%
Iowa	53.09%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Spencer, IA	Iowa	U.S.
Total Housing Units	5,548, see rank, 100%	1,348,151	132,741,033
Occupied Housing Units	5,015, 90.39%, see rank	91.40%	87.55%
Owner Occupied	3,517, 63.39%, see rank	65.64%	56.34%
Renter Occupied	1,498, 27.00%, see rank	25.76%	31.21%
Vacant Housing Units	533, 9.61%, see rank	8.60%	12.45%
For Rent	234, 4.22%, see rank	1.72%	2.34%
For Sale Only	69, 1.24%, see rank	1.16%	1.20%
Rented or Sold, Not Occupied	87, 1.57%, see rank	0.79%	0.92%
For Seasonal, Recreational, or Occasional Use	14, 0.25%, see rank	1.48%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	129, 2.33%, see rank	3.45%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #197

Spencer, IA	Iowa	U.S.
1967	1966	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Spencer, IA	%	Iowa	U.S.
Owner-Occupied Units	3,517	100%	884,984	74,787,460
With a Mortgage	2,169	61.67%, see rank	61.75%	65.58%
Without a Mortgage	1,348	38.33%, see rank	38.25%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Spencer, IA	940 USD
Iowa	1,181 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Spencer, IA	%	Iowa	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	115	5.30%, see rank	2.39%	1.59%
$500 to $699	295	13.60%, see rank	8.63%	5.01%
$700 to $999	820	37.81%, see rank	23.95%	14.32%
$1,000 to $1,499	673	31.03%, see rank	35.90%	27.90%
$1,500 to $1,999	143	6.59%, see rank	17.17%	20.35%
$2,000 to $2,999	123	5.67%, see rank	9.44%	19.52%
$3,000 or More	0	0.00%, see rank	2.31%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Spencer, IA	19.20% of the Total Income
Iowa	20.00% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Spencer, IA	%	Iowa	U.S.
10% or Less	340	15.68%, see rank	7.42%	5.86%
10% to 20%	822	37.90%, see rank	42.29%	31.95%
20% to 30%	584	26.92%, see rank	27.59%	27.64%
30% to 40%	245	11.30%, see rank	10.63%	13.74%
40% or More	178	8.21%, see rank	11.73%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Spencer, IA	381 USD
Iowa	431 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Spencer, IA	%	Iowa	U.S.
$199 or Less	98	7.27%, see rank	5.58%	7.76%
$200 to $299	273	20.25%, see rank	14.17%	14.70%
$300 to $499	619	45.92%, see rank	45.62%	34.63%
$500 to $699	300	22.26%, see rank	23.27%	21.16%
$700 or More	58	4.30%, see rank	11.37%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Spencer, IA	11.90% of the Total Income
Iowa	11.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Spencer, IA	%	Iowa	U.S.
10% or Less	562	41.69%, see rank	43.38%	40.19%
10% to 20%	443	32.86%, see rank	32.92%	31.47%
20% to 30%	180	13.35%, see rank	11.83%	12.24%
30% to 40%	99	7.34%, see rank	4.69%	5.64%
40% or More	64	4.75%, see rank	6.38%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Spencer, IA	Iowa	U.S.
Total Housing Units	5,548, 100%	1,348,151	132,741,033
1-unit, Detached	3,799, 68.48%, see rank	73.88%	61.65%
1-unit, Attached	203, 3.66%, see rank	3.72%	5.82%
2 Units	132, 2.38%, see rank	2.37%	3.75%
3 or 4 Units	301, 5.43%, see rank	3.38%	4.43%
5 to 9 Units	350, 6.31%, see rank	3.70%	4.78%
10 or More Units	658, 11.86%, see rank	9.11%	13.08%
Mobile Home, Boat, RV, Van, etc.	105, 1.89%, see rank	3.84%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Spencer, IA	Iowa	U.S.
Total Housing Units	5,548, 100%	1,348,151	132,741,033
1 Room	85, 1.53%, see rank	1.15%	1.95%
2 Rooms	223, 4.02%, see rank	2.07%	2.48%
3 Rooms	516, 9.30%, see rank	7.28%	9.13%
4 Rooms	1,077, 19.41%, see rank	14.50%	16.60%
5 Rooms	928, 16.73%, see rank	18.57%	20.41%
6 Rooms	1,010, 18.20%, see rank	17.20%	18.06%
7 Rooms	412, 7.43%, see rank	13.83%	12.27%
8 Rooms	483, 8.71%, see rank	10.61%	8.48%
9 Rooms or More	814, 14.67%, see rank	14.79%	10.60%
Median Rooms	5.40, see rank	5.90	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Spencer, IA	Iowa	U.S.
Total Housing Units	5,548, 100%	1,348,151	132,741,033
No Bedroom	85, 1.53%, see rank	1.33%	2.17%
1 Bedroom	737, 13.28%, see rank	9.36%	11.16%
2 Bedrooms	1,835, 33.07%, see rank	28.37%	26.69%
3 Bedrooms	1,872, 33.74%, see rank	38.82%	39.70%
4 Bedrooms	774, 13.95%, see rank	17.31%	16.05%
5 or More Bedrooms	245, 4.42%, see rank	4.82%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Spencer, IA	Iowa	U.S.
Total Housing Units	5,015, 100%	1,232,228	116,211,092
Utility Gas	3,160, 63.01%, see rank	63.45%	48.85%
Bottled, Tank, or LP Gas	230, 4.59%, see rank	13.26%	4.86%
Electricity	1,579, 31.49%, see rank	19.45%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.74%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	9, 0.18%, see rank	1.64%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.93%	0.47%
No Fuel Used	37, 0.74%, see rank	0.49%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Spencer, IA	Iowa	U.S.
Occupied Units Paying Rent	1,420, 100%	324,469	39,201,928
$199 or Less	30, 2.11%, see rank	1.67%	1.50%
$200 to $299	149, 10.49%, see rank	4.14%	3.18%
$300 to $499	362, 25.49%, see rank	16.06%	7.37%
$500 to $699	370, 26.06%, see rank	29.77%	16.01%
$700 to $999	312, 21.97%, see rank	31.63%	29.17%
$1,000 to $1,499	115, 8.10%, see rank	12.90%	26.88%
$1,500 to $1,999	13, 0.92%, see rank	2.30%	9.79%
$2,000 or More	69, 4.86%, see rank	1.53%	6.10%
Median	$588, see rank	$689	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Spencer, IA	Iowa	U.S.
Occupied Housing Units	5,015, 100%	1,232,228	116,211,092
No Vehicles Available	355, 7.08%, see rank	5.69%	9.12%
1 Vehicles Available	1,664, 33.18%, see rank	30.25%	33.80%
2 Vehicles Available	2,020, 40.28%, see rank	39.60%	37.48%
3 or More Vehicles Available	976, 19.46%, see rank	24.45%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.