Spencer
- Population
- 1,494
- Median household income
- $46,563
- Median home value
- $135,000
+0.9%’19–’23
+28.2%’19–’23
+66.7%’19–’23
Located in Van Buren County, Tennessee, Spencer is a community with a population of 1,494. The median household income of $46,563 is below the Van Buren County median ($60,281).
Between 2019 and 2023, Spencer's population held roughly steady from 1,480 to 1,494, while its median home value rose 66.7% from $81,000 to $135,000.
8.9% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 71.5% of the area's occupied homes.
Demographics
ACS 2019–2023- Population
- 1,494
- Median age
- 48.8 yrs
- Median household income
- $46,563
- Median home value
- $135,000
- Median gross rent
- $643
- Housing units
- 759
- Homeownership rate
- 71.5%
- Bachelor's degree or higher
- 8.9%
- Unemployment rate
- 0.5%
Trends
ACS 5-year · 2019–20231,4801,494
$36,326$46,563
$81,000$135,000
$503$643
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 1,480 | $36,326 | $81,000 | $503 |
| 2020 | 1,387 | $40,556 | $84,900 | $495 |
| 2021 | 1,531 | $39,962 | $97,800 | $499 |
| 2022 | 1,469 | $41,042 | $119,600 | $567 |
| 2023 | 1,494 | $46,563 | $135,000 | $643 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 54.1%
5 to 1710.0%
18 to 246.8%
25 to 3412.7%
35 to 449.2%
45 to 5415.0%
55 to 6414.1%
65 to 7417.6%
75 and over10.5%
| Count | Share | |
|---|---|---|
| Under 5 | 62 | 4.1% |
| 5 to 17 | 149 | 10.0% |
| 18 to 24 | 101 | 6.8% |
| 25 to 34 | 190 | 12.7% |
| 35 to 44 | 137 | 9.2% |
| 45 to 54 | 224 | 15.0% |
| 55 to 64 | 211 | 14.1% |
| 65 to 74 | 263 | 17.6% |
| 75 and over | 157 | 10.5% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 1,378 | 92.2% |
| Black or African American | 6 | 0.4% |
| American Indian & Alaska Native | 0 | 0.0% |
| Asian | 0 | 0.0% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 0 | 0.0% |
| Two or more races | 103 | 6.9% |
| Hispanic or Latino (any race) | 7 | 0.5% |
Educational attainment (age 25+)
No high school diploma18.4%
High school graduate51.9%
Some college or associate's20.8%
Bachelor's degree5.1%
Graduate or professional degree3.8%
| Count | Share | |
|---|---|---|
| No high school diploma | 218 | 18.4% |
| High school graduate | 613 | 51.9% |
| Some college or associate's | 246 | 20.8% |
| Bachelor's degree | 60 | 5.1% |
| Graduate or professional degree | 45 | 3.8% |
Commute to work
- Mean travel time to work
- 29 min
Drove alone81.2%
Carpooled16.4%
Public transit0.0%
Walked0.0%
Bicycle0.0%
Worked from home2.4%
Other means0.0%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 471 | 81.2% |
| Carpooled | 95 | 16.4% |
| Public transit | 0 | 0.0% |
| Walked | 0 | 0.0% |
| Bicycle | 0 | 0.0% |
| Worked from home | 14 | 2.4% |
| Other means | 0 | 0.0% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 196 | 34.6% |
| 15 to 29 min | 101 | 17.8% |
| 30 to 44 min | 165 | 29.2% |
| 45 to 59 min | 20 | 3.5% |
| 60+ min | 84 | 14.8% |
Households
- Average household size
- 2.21
- Poverty rate
- 9.8% (137 of 1,403)
| Count | Share | |
|---|---|---|
| Family households | 442 | 69.6% |
| Nonfamily households | 193 | 30.4% |
Housing
- Median year structure built
- 1976
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 635 | 83.7% |
| Vacant | 124 | 16.3% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 454 | 71.5% |
| Renter-occupied | 181 | 28.5% |
1-unit, detached75.0%
1-unit, attached0.5%
2 to 4 units11.9%
5 to 19 units1.8%
20 or more units0.0%
Mobile home & other10.8%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 569 | 75.0% |
| 1-unit, attached | 4 | 0.5% |
| 2 to 4 units | 90 | 11.9% |
| 5 to 19 units | 14 | 1.8% |
| 20 or more units | 0 | 0.0% |
| Mobile home & other | 82 | 10.8% |
Geography
- Place GEOID
- 4770240
- Type (LSAD)
- 25
- Land area
- 6.55 sq mi
- Water area
- 0 sq mi
- Center point
- 35.7392, -85.4561
Tennessee rankings
21- Largest by population in Tennessee
- Most densely populated in Tennessee
- Highest median household income in Tennessee
- Highest median home value in Tennessee
- Most affordable home values in Tennessee
- Highest median gross rent in Tennessee
- Cheapest median gross rent in Tennessee
- Oldest by median age in Tennessee
- Youngest by median age in Tennessee
- Most college-educated in Tennessee
- Highest poverty rate in Tennessee
- Lowest poverty rate in Tennessee
- Highest homeownership rate in Tennessee
- Lowest homeownership rate in Tennessee
- Longest commutes in Tennessee
- Shortest commutes in Tennessee
- Largest households in Tennessee
- Newest housing in Tennessee
- Oldest housing in Tennessee
- Fastest-growing (2019–2023) in Tennessee
- Fastest-shrinking (2019–2023) in Tennessee
Other places in Van Buren County
0None.