Spencer

Population: 3,305
Median household income: $64,031
Median home value: $149,800

Spencer, a community in Rowan County, North Carolina, has 3,305 residents. At $64,031, its median household income sits in line with Rowan County's $63,196.

Between 2019 and 2023, Spencer's population grew 2.3% from 3,230 to 3,305, while its median home value rose 52.1% from $98,500 to $149,800.

The median resident is 45.7 years old. The largest age group is 45 to 54, 16.7% of residents.

Demographics

ACS 2019–2023

Population: 3,305
Median age: 45.7 yrs
Median household income: $64,031
Median home value: $149,800
Median gross rent: $1,042
Housing units: 1,541
Homeownership rate: 64.3%
Bachelor's degree or higher: 21.4%
Unemployment rate: 4.9%

Trends

ACS 5-year · 2019–2023

Population

3,2303,305

Median household income

$53,163$64,031

Median home value

$98,500$149,800

Median gross rent

$926$1,042

Year	Population	Median household income	Median home value	Median gross rent
2019	3,230	$53,163	$98,500	$926
2020	3,227	$54,556	$112,300	$889
2021	3,296	$56,882	$119,800	$915
2022	3,296	$61,079	$145,600	$1,045
2023	3,305	$64,031	$149,800	$1,042

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

Age distribution

Under 54.9%

5 to 1713.9%

18 to 244.1%

25 to 3414.9%

35 to 4411.2%

45 to 5416.7%

55 to 6413.1%

65 to 7412.3%

75 and over8.9%

	Count	Share
Under 5	161	4.9%
5 to 17	460	13.9%
18 to 24	136	4.1%
25 to 34	491	14.9%
35 to 44	370	11.2%
45 to 54	551	16.7%
55 to 64	434	13.1%
65 to 74	407	12.3%
75 and over	295	8.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,023	61.2%
Black or African American	1,107	33.5%
American Indian & Alaska Native	4	0.1%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	9	0.3%
Two or more races	18	0.5%
Hispanic or Latino (any race)	144	4.4%

Educational attainment (age 25+)

No high school diploma17.7%

High school graduate31.9%

Some college or associate's29.0%

Bachelor's degree17.4%

Graduate or professional degree4.0%

	Count	Share
No high school diploma	451	17.7%
High school graduate	812	31.9%
Some college or associate's	739	29.0%
Bachelor's degree	443	17.4%
Graduate or professional degree	103	4.0%

Commute to work

Mean travel time to work: 30 min

Drove alone75.2%

Carpooled6.5%

Public transit0.0%

Walked1.2%

Bicycle0.0%

Worked from home17.1%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,091	75.2%
Carpooled	94	6.5%
Public transit	0	0.0%
Walked	18	1.2%
Bicycle	0	0.0%
Worked from home	248	17.1%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	312	25.9%
15 to 29 min	458	38.1%
30 to 44 min	174	14.5%
45 to 59 min	176	14.6%
60+ min	83	6.9%

Households

Average household size: 2.40
Poverty rate: 13.1% (425 of 3,245)

	Count	Share
Family households	918	67.9%
Nonfamily households	433	32.1%

Housing

Median year structure built: 1955

Occupancy

	Count	Share
Occupied	1,351	87.7%
Vacant	190	12.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	869	64.3%
Renter-occupied	482	35.7%

1-unit, detached86.3%

1-unit, attached0.0%

2 to 4 units7.7%

5 to 19 units3.0%

20 or more units0.3%

Mobile home & other2.7%

Units in structure

	Count	Share
1-unit, detached	1,330	86.3%
1-unit, attached	0	0.0%
2 to 4 units	118	7.7%
5 to 19 units	46	3.0%
20 or more units	5	0.3%
Mobile home & other	42	2.7%

Geography

Place GEOID: 3763760
Type (LSAD): 43
Land area: 3.4 sq mi
Water area: 0 sq mi
Center point: 35.7000, -80.4211