Ohio · Census place 73992
Spencer village, OH
Quick answer
Spencer village has 603 residents, ranking #824 of 1265 places in Ohio. Median household income is $55,250, the median home is worth $154,400 and median gross rent runs $832 a month.
- Population
- 603Spencer village residents
- Median household income
- $55,250Past 12 months, inflation adjusted
- Median home value
- $154,400Owner-occupied units
- Median gross rent
- $832Rent plus utilities, monthly
- Median age
- 35.9 yrsAll residents
- Homeownership rate
- 78.3%Owner-occupied households
What the numbers mean in Spencer village
Housing cost measured against local earnings.
A household earning the Spencer village median would spend about 18.1% 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 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.3% of residents and 78.3% 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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