Spencer, SD—57374
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spencer, SD
As of Oct '25, the median home price in Spencer, SD is $250,000, with a year-over-year change of 4.4%. This indicates that home prices in Spencer, SD are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | 4.4% |
| Single Family | $250,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spencer, SD
Spencer, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Spencer, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Spencer, SD is 29. This is a increase of 87.0% 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 100.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 153.0% |
Listing Count | 4 | 300.0% |
| Listings as % of Homes | N/A | 300.0% |
Days on Market | 29 | 87.0% |
Demographics — Spencer, SD
As of the latest ACS Survey released in 2023, Spencer, SD has a population of 318, which has increased by 8.5% over the past 5 years. Spencer, SD is a popular place for families, as children make up 31.1% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 318 | 8.5% |
% Under 18 | 31.1% | 38.2% |
% Seniors | 18.9% | 2.7% |
% WFH | 8.5% | -54.1% |
% w/ College Degree | 25.6% | 194.3% |
As of the latest ACS Survey released in 2023, Spencer, SD is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Spencer, SD is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.3% of the population in Spencer, SD, and this percentage has increased by Inf% 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 | 94.7% | -3.4% |
% Black | 0.0% | N/A |
% Hispanic | 0.6% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | ∞% |
Mortgage and Risk — Spencer, SD
Spencer, SD lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Spencer, SD
Spencer, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Spencer, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $250,000 |
| Median Household Income | $75,600 |