Spencer, WI—54479
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spencer, WI
Spencer, WI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 4.8% |
| Single Family | $214,000 | 5.4% |
| 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, WI
Spencer, WI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $779 | $784 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $779 | $779 |
| 2 Bed Rent | $799 | $799 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spencer, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Spencer, WI is 87. This is a decrease of -8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -2.0% |
Listing Count | 19 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 87 | -8.0% |
Demographics — Spencer, WI
As of the latest ACS Survey released in 2023, Spencer, WI has a population of 3,590, which has decreased by -9.8% over the past 5 years. Spencer, WI is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,590 | -9.8% |
% Under 18 | 25.0% | -14.1% |
% Seniors | 17.4% | 35.9% |
% WFH | 12.3% | 101.6% |
% w/ College Degree | 15.5% | 1.3% |
As of the latest ACS Survey released in 2023, Spencer, WI is a predominantly white area, with 95.0% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Spencer, WI is hispanic, making up 3.0% of the population. Foreign-born residents account for 1.9% of the population in Spencer, WI, and this percentage has increased by 58.3% 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 | 95.0% | -2.0% |
% Black | 0.3% | -70.0% |
% Hispanic | 3.0% | 328.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | 58.3% |
Mortgage and Risk — Spencer, WI
According to HUD data as of 2023, there were 70 mortgage originations in Spencer, WI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Spencer, WI. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Spencer, WI
Spencer, WI 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 | -$69 | $779 | $710 |
| 2 Bedroom | $131 | $799 | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Spencer, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $213,000 |
| Median Household Income | $79,500 |