HomeIndianaOwen CountySpencer
Spencer, Indiana: commercial real estate data.
Spencer 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Spencer (7(a))
- Approvals6
- Gross approval$4,616,000
- Average approval$769,333
- Median approval$495,000
- Largest approval$2,665,000
- Jobs supported74
- Jobs per approval12.3
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term138 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
Counted by borrower city: approvals to borrowers whose address is in Spencer, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Spencer
SBA loans in Spencer (504)
- Approvals4
- Gross approval$703,000
- Average approval$175,750
- Median approval$164,500
- Largest approval$239,000
- Jobs supported26
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Spencer, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Spencer
Flood risk in Spencer
- NFIP communityTown of Spencer
- NFIP community number180191
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date03/03/14
The Town of Spencer participates in the National Flood Insurance Program as community 180191 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Owen County, not Spencer
Owen County context, not Spencer figures
- Establishments in Owen County344
- Covered employment, Owen County5,316
- Average annual pay, Owen County$57,602
- Housing units permitted, Owen County116
Every figure in this section is published for Owen County as a whole and is not a measurement of Spencer.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $4.6 m since FY2020, across 4 lenders, median approval $495,000, plus 4 504 approvals worth $703,000 since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Spencer in the National Flood Insurance Program?
Yes. Spencer appears in the FEMA Community Status Book as Spencer, town of, community 180191, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Spencer figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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