Spencerville, OH—45887
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spencerville, OH
As of Nov '25, the median home price in Spencerville, OH is $193,000, with a year-over-year change of 6.4%. This indicates that home prices in Spencerville, OH are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 6.4% |
| Single Family | $193,000 | 7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | 7.6% |
3 Bed | $213,000 | 7.6% |
4 Bed | $212,000 | 7.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spencerville, OH
Spencerville, OH 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 — Spencerville, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Spencerville, OH is 33. This is a decrease of -55.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | -53.0% |
Listing Count | 11 | 11.0% |
| Listings as % of Homes | 0.3% | 11.0% |
Days on Market | 33 | -55.0% |
Demographics — Spencerville, OH
As of the latest ACS Survey released in 2023, Spencerville, OH has a population of 4,340, which has remained stable by 0.9% over the past 5 years. Spencerville, OH is a popular place for families, as children make up 28.0% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,340 | 0.9% |
% Under 18 | 28.0% | -0.4% |
% Seniors | 17.6% | 16.6% |
% WFH | 2.2% | -38.9% |
% w/ College Degree | 12.4% | 5.1% |
Spencerville, OH lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.3% | 0.5% |
% Black | 1.1% | 83.3% |
% Hispanic | 0.4% | -60.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Spencerville, OH
According to HUD data as of 2023, there were 82 mortgage originations in Spencerville, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Spencerville, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Spencerville, OH
Spencerville, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Spencerville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $193,000 |
| Median Household Income | $62,800 |