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North Carolina · Census place 63760

Spencer town, NC

Quick answer

Spencer town has 3,305 residents, ranking #242 of 777 places in North Carolina. Median household income is $64,031, the median home is worth $149,800 and median gross rent runs $1,042 a month.

Population
3,305Spencer town residents
Median household income
$64,031Past 12 months, inflation adjusted
Median home value
$149,800Owner-occupied units
Median gross rent
$1,042Rent plus utilities, monthly
Median age
45.7 yrsAll residents
Homeownership rate
64.3%Owner-occupied households

What the numbers mean in Spencer town

Housing cost measured against local earnings.

A household earning the Spencer town median would spend about 19.5% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.1% of residents and 64.3% 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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