Spencer

Population: 2,308
Median household income: $47,994
Median home value: $146,300

Located in Owen County, Indiana, Spencer is a community with a population of 2,308. At $47,994, its median household income sits below Owen County's $59,586.

From 2019 to 2023, Spencer's population declined 1.2% from 2,335 to 2,308, while its median home value rose 53.2% from $95,500 to $146,300.

Owners occupy 65.6% of the area's occupied homes. The median resident is 49.4 years old.

Demographics

ACS 2019–2023

Population: 2,308
Median age: 49.4 yrs
Median household income: $47,994
Median home value: $146,300
Median gross rent: $860
Housing units: 1,240
Homeownership rate: 65.6%
Bachelor's degree or higher: 18.3%
Unemployment rate: 3.1%

Trends

ACS 5-year · 2019–2023

Population

2,3352,308

Median household income

$38,981$47,994

Median home value

$95,500$146,300

Median gross rent

$665$860

Year	Population	Median household income	Median home value	Median gross rent
2019	2,335	$38,981	$95,500	$665
2020	2,224	$34,306	$98,400	$671
2021	2,149	$34,063	$110,400	$715
2022	2,240	$45,536	$128,000	$784
2023	2,308	$47,994	$146,300	$860

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.5%

5 to 179.4%

18 to 248.4%

25 to 3414.0%

35 to 447.6%

45 to 5411.6%

55 to 6417.5%

65 to 7413.9%

75 and over13.3%

	Count	Share
Under 5	103	4.5%
5 to 17	217	9.4%
18 to 24	195	8.4%
25 to 34	322	14.0%
35 to 44	175	7.6%
45 to 54	267	11.6%
55 to 64	403	17.5%
65 to 74	320	13.9%
75 and over	306	13.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,184	94.6%
Black or African American	27	1.2%
American Indian & Alaska Native	0	0.0%
Asian	31	1.3%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	36	1.6%
Two or more races	14	0.6%
Hispanic or Latino (any race)	16	0.7%

Educational attainment (age 25+)

No high school diploma15.3%

High school graduate40.7%

Some college or associate's25.7%

Bachelor's degree10.5%

Graduate or professional degree7.8%

	Count	Share
No high school diploma	274	15.3%
High school graduate	730	40.7%
Some college or associate's	461	25.7%
Bachelor's degree	189	10.5%
Graduate or professional degree	139	7.8%

Commute to work

Mean travel time to work: 19 min

Drove alone81.4%

Carpooled5.5%

Public transit0.0%

Walked6.2%

Bicycle0.0%

Worked from home4.9%

Other means2.1%

How workers get to work

	Count	Share
Drove alone	821	81.4%
Carpooled	55	5.5%
Public transit	0	0.0%
Walked	62	6.2%
Bicycle	0	0.0%
Worked from home	49	4.9%
Other means	21	2.1%

Travel time

	Count	Share
Under 15 min	556	58.0%
15 to 29 min	133	13.9%
30 to 44 min	135	14.1%
45 to 59 min	37	3.9%
60+ min	98	10.2%

Households

Average household size: 2.05
Poverty rate: 13.9% (308 of 2,219)

	Count	Share
Family households	535	49.6%
Nonfamily households	544	50.4%

Housing

Median year structure built: 1949

Occupancy

	Count	Share
Occupied	1,079	87.0%
Vacant	161	13.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	708	65.6%
Renter-occupied	371	34.4%

1-unit, detached63.0%

1-unit, attached3.8%

2 to 4 units12.1%

5 to 19 units5.8%

20 or more units4.4%

Mobile home & other10.9%

Units in structure

	Count	Share
1-unit, detached	781	63.0%
1-unit, attached	47	3.8%
2 to 4 units	150	12.1%
5 to 19 units	72	5.8%
20 or more units	55	4.4%
Mobile home & other	135	10.9%

Geography

Place GEOID: 1871972
Type (LSAD): 43
Land area: 1.71 sq mi
Water area: 0 sq mi
Center point: 39.2867, -86.7726