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ZipNumbers

Iowa · Census place 74280

Spencer city, IA

Quick answer

Spencer city has 11,393 residents, ranking #35 of 1026 places in Iowa. Median household income is $57,068, the median home is worth $178,300 and median gross rent runs $795 a month.

Population
11,393Spencer city residents
Median household income
$57,068Past 12 months, inflation adjusted
Median home value
$178,300Owner-occupied units
Median gross rent
$795Rent plus utilities, monthly
Median age
41.3 yrsAll residents
Homeownership rate
67.7%Owner-occupied households

What the numbers mean in Spencer city

Housing cost measured against local earnings.

A household earning the Spencer city median would spend about 16.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.1% of residents and 67.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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