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ZipNumbers

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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