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  1. Home
  2. /Browse ZIP Codes
  3. /Ohio
  4. /Spencer, OH - 44275

Spencer, OH—44275

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$341,000
4.1% YoY Growth
Household Income
$102,000
35.0% YoY Growth
Days on Market
13
112.0% Longer YoY
Home Price Forecast
2.9%
Median Rent
$1,780
29.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Spencer, OH

As of May '26, the median home price in Spencer, OH is $341,000, with a year-over-year change of 4.1%. This indicates that home prices in Spencer, OH are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$341,0004.1%
Single Family $341,0004.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$246,0003.4%
    3 Bed
    		$343,0004.3%
    4 Bed
    		$413,0005.1%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    1.7%
    2 Bedrooms
    11.4%
    3 Bedrooms
    65.1%
    4 Bedrooms
    18.5%
    5+ Bedrooms
    3.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,780$1,780
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent $1,780$1,780
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Spencer, OH is 13. This is a increase of 112.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$229,000-50.0%
    Listing Count
    		6-8.0%
    Listings as % of Homes0.5%-8.0%
    Days on Market
    		13112.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,010
    2 BedroomN/AN/A$1,230
    3 BedroomN/AN/A$1,580
    4 Bedroom-$80$1,780$1,700

    Affordability — Spencer, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$341,000
    Median Household Income$102,000

    Spencer, OH — ZIP Code Boundary Map

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    Frequently Asked Questions