HomeIndianaOwen CountySpencer town
Spencer town, Indiana: commercial real estate data.
Spencer town is a Census town of 2,481 people across 1.71 square miles of land, in Owen County. Median household income is $48,378, 67.1 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $4.6 m.
76 sourced place values · tier FULL · 8 sections
Spencer
What Spencer is
- Census place typetown
- Land area1.71 sq mi
- Water area0 sq mi
- Population per square mile of land1,453
- County holding the largest share of its areaOwen County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
How many people live in Spencer
- Population2,481
- Median age51.7
- Population under 18343 plus or minus 102
- Share under 1813.8 percent plus or minus 4.1
- Population 65 and over747
- Share 65 and over30.1 percent
- Households1,193
- Family households551
- Share of households that are families46.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Income and work in Spencer
- Median household income$48,378
- Per capita income$30,884
- Civilian labor force1,181
- Employed1,130
- Unemployed51 plus or minus 35
- Unemployment rate4.3 percent plus or minus 2.9
- Adults 25 and over1,931
- Adults 25 and over with a high school diploma or higher89.1 percent
- Adults 25 and over with a bachelor degree or higher21.0 percent plus or minus 5.3
- Adults 25 and over with a graduate degree9.6 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Housing in Spencer
- Housing units1,330
- Occupied units1,193
- Vacant units137 plus or minus 58
- Vacancy rate10.3 percent plus or minus 4.2
- Owner occupied801
- Renter occupied392 plus or minus 103
- Ownership rate67.1 percent
- Median owner-occupied home value$162,900
- Median gross rent, monthly$798 plus or minus $178
- Annual rent as a share of median income19.8 percent plus or minus 5.2
- Single family units950
- Share single family71.4 percent
- Units in buildings of two or more288 plus or minus 101
- Share in buildings of two or more21.7 percent plus or minus 7.3
- Mobile homes92 plus or minus 46
- Median year structure built1945
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
How Spencer gets to work
- Workers 16 and over who commute1,008
- Commuting under 15 minutes631 plus or minus 149
- Share commuting under 15 minutes62.6 percent plus or minus 12.8
- Commuting 30 minutes or more262 plus or minus 83
- Share commuting 30 minutes or more26.0 percent plus or minus 7.6
- Drove alone78.0 percent
- Carpooled4.4 percent plus or minus 3.1
- Public transport0.0 percent
- Walked8.4 percent plus or minus 6.5
- Worked from home7.1 percent plus or minus 5.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
SBA 7(a) lending to Spencer borrowers
- Approvals6
- Gross approval$4,616,000
- Average approval$769,333
- Median approval$640,000
- Ninetieth percentile approval$2,665,000
- Largest approval$2,665,000
- Jobs supported74
- Jobs per approval12.3
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term156 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Spencer
SBA 504 lending to Spencer borrowers
- Approvals4
- Gross approval$703,000
- Average approval$175,750
- Median approval$172,000
- Largest approval$239,000
- Jobs supported26
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Owen County, not Spencer
Owen County context, not Spencer figures
These are Owen County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Spencer measurements.
- Establishments in Owen County344
- Employment at those establishments, Owen County4,050
- Covered employment, Owen County5,316
- Average annual pay, Owen County$57,602
- Average weekly wage, Owen County$1,108
- Housing units permitted, Owen County116
- Of those, single family, Owen County116
- County product, 2024, Owen County$760,254,000
- County product change over the prior year, Owen County2.9 percent
- Average income of an arriving household, Owen County$51,509
Every figure in this section is published for Owen County as a whole and is not a measurement of Spencer. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Spencer questions, answered from the record.
How many people live in Spencer, Indiana?
2,481, in 1,193 households. Spencer town covers 1.71 square miles of land, which is 1,453 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Spencer in?
Owen County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Spencer?
$48,378. The median owner-occupied home is valued at $162,900. Median gross rent is $798 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Spencer businesses?
6 7(a) approvals totalling $4.6 m, across 4 lenders, median approval $640,000, plus 4 504 approvals worth $703,000. These count approvals to borrowers whose address is in Spencer, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Spencer borrowers get paid back?
No rate is published for Spencer. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Spencer figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Owen County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Spencer.
Is zoning published for Spencer?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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