Spencer, OH 44275 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spencer, OH—44275

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$313,000

1.1% YoY Growth

Household Income

$102,000

35.0% YoY Growth

Days on Market

53.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$1,780

29.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Spencer, OH

As of Dec '25, the median home price in Spencer, OH is $313,000, with a year-over-year change of 1.1%. This indicates that home prices in Spencer, OH are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$313,000	1.1%
Single Family	$313,000	1.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Spencer, OH

As of July '25, Rentcast reports the average rent in Spencer, OH is $1,780, with a year-over-year rent change of 29.0%. Per bedroom, the median rent as of July '25 in Spencer, OH is 4-bedrooms: $1,780. The most common rental property sizes in Spencer, OH are 3-bedroom and 2-bedroom, accounting for 40.6% and 26.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,780	$1,780
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,780	$1,780

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% of Rental Stock

1 Bedroom

10.0%

2 Bedrooms

26.5%

3 Bedrooms

40.6%

4 Bedrooms

22.9%

Property Listings — Spencer, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Spencer, OH is 16. This is a increase of 108.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$347,000	-25.0%
Listing Count	7	29.0%
Listings as % of Homes	0.5%	29.0%
Days on Market	47	53.0%

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Demographics — Spencer, OH

As of the latest ACS Survey released in 2023, Spencer, OH has a population of 3,190, which has decreased by -2.7% over the past 5 years. Spencer, OH is a less popular place for families, as children make up 14.7% of the population. The area has a poorly educated workforce, with 14.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,190	-2.7%
% Under 18	14.7%	-20.1%
% Seniors	21.3%	37.4%
% WFH	5.3%	120.8%
% w/ College Degree	14.3%	-16.9%

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As of the latest ACS Survey released in 2023, Spencer, OH is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Spencer, OH is black, making up 3.0% of the population. Foreign-born residents account for 1.6% of the population in Spencer, OH, and this percentage has increased by 700.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.4%	-6.6%
% Black	3.0%	∞%
% Hispanic	0.5%	-83.9%
% Asian	0.0%	N/A
% Foreign Born	1.6%	700.0%

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Mortgage and Risk — Spencer, OH

According to HUD data as of 2023, there were 117 mortgage originations in Spencer, OH, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Spencer, OH. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	117
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	18.0%

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Rentals and Section 8 — Spencer, OH

Spencer, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	1.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,010
2 Bedroom	N/A	N/A	$1,230
3 Bedroom	N/A	N/A	$1,580
4 Bedroom	-$80	$1,780	$1,700

Spencer, OH—44275

Key Metrics at a Glance

Home Price Trends — Spencer, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spencer, OH

% of Rental Stock

Property Listings — Spencer, OH

Demographics — Spencer, OH

Race and Ethnicity

Mortgage and Risk — Spencer, OH

Mortgages

Rentals and Section 8 — Spencer, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Spencer, OH

Home Price to Income Ratio

Spencer, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Homerville, OH

Litchfield, OH

Lodi, OH

Sullivan, OH

Wellington, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$313,000
Median Household Income	$102,000

Spencer, OH—44275

Key Metrics at a Glance

Home Price Trends — Spencer, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spencer, OH

% of Rental Stock

Property Listings — Spencer, OH

Demographics — Spencer, OH

Race and Ethnicity

Mortgage and Risk — Spencer, OH

Mortgages

Rentals and Section 8 — Spencer, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Spencer, OH

Home Price to Income Ratio

Spencer, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Homerville, OH

Litchfield, OH

Lodi, OH

Sullivan, OH

Wellington, OH

Frequently Asked Questions

What is the average home price in Spencer, OH 44275?

How have home prices in Spencer, OH 44275 changed over the past year?

What is the home price projection for Spencer, OH 44275?

What are the demographics of Spencer, OH 44275?

How long does it take homes to sell in Spencer, OH 44275?

What is the average rent price in Spencer, OH 44275?