HomeIowaClay CountySpencer
Spencer, Iowa: commercial real estate data.
Spencer is a Census city of 11,400 people across 10.95 square miles of land, in Clay County. Median household income is $59,667, 68.1 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $2.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Spencer
What Spencer is
- Census place typecity
- Land area10.95 sq mi
- Water area0.16 sq mi
- Population per square mile of land1,041
- County holding the largest share of its areaClay 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
- Population11,400
- Median age41.4
- Population under 182,657
- Share under 1823.3 percent
- Population 65 and over2,495
- Share 65 and over21.9 percent
- Households5,201
- Family households2,751
- Share of households that are families52.9 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$59,667
- Per capita income$37,510
- Civilian labor force5,840
- Employed5,579
- Unemployed261 plus or minus 144
- Unemployment rate4.5 percent plus or minus 2.5
- Adults 25 and over7,952
- Adults 25 and over with a high school diploma or higher92.4 percent
- Adults 25 and over with a bachelor degree or higher29.8 percent
- Adults 25 and over with a graduate degree8.0 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Housing in Spencer
- Housing units5,693
- Occupied units5,201
- Vacant units492 plus or minus 188
- Vacancy rate8.6 percent plus or minus 3.3
- Owner occupied3,540
- Renter occupied1,661
- Ownership rate68.1 percent
- Median owner-occupied home value$184,800
- Median gross rent, monthly$805
- Annual rent as a share of median income16.2 percent
- Single family units3,898
- Share single family68.5 percent
- Units in buildings of two or more1,685
- Share in buildings of two or more29.6 percent
- Mobile homes110 plus or minus 70
- Median year structure built1972
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 commute5,207
- Commuting under 15 minutes3,771
- Share commuting under 15 minutes72.4 percent
- Commuting 30 minutes or more832 plus or minus 240
- Share commuting 30 minutes or more16.0 percent plus or minus 4.5
- Drove alone82.2 percent
- Carpooled7.3 percent plus or minus 2.7
- Public transport1.1 percent plus or minus 1.5
- Walked3.1 percent plus or minus 1.8
- Worked from home5.8 percent plus or minus 2.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
SBA loans in Spencer (7(a))
- Approvals10
- Gross approval$2,100,600
- Average approval$210,060
- Median approval$57,500
- Largest approval$967,000
- Jobs supported31
- Jobs per approval3.1
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS8
Counted by borrower city: approvals to borrowers whose address is in Spencer, in any county, FY2020 to FY2026. Only 0 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)
- Approvals14
- Gross approval$6,424,000
- Average approval$458,857
- Median approval$209,500
- Largest approval$1,808,000
- Jobs supported36
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Spencer, in any county, FY2010 to FY2026. Only 7 loans have 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 communityCity of Spencer
- NFIP community number190071
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/22/24
The City of Spencer participates in the National Flood Insurance Program as community 190071 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.
Clay County, not Spencer
Clay County context, not Spencer figures
- Establishments in Clay County570
- Covered employment, Clay County8,534
- Average annual pay, Clay County$53,504
- Housing units permitted, Clay County9
Every figure in this section is published for Clay 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, Iowa?
11,400, in 5,201 households. Spencer city covers 10.95 square miles of land, which is 1,041 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?
Clay 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?
$59,667. The median owner-occupied home is valued at $184,800. Median gross rent is $805 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?
10 7(a) approvals totaling $2.1 m since FY2020, across 6 lenders, median approval $57,500, plus 14 504 approvals worth $6.4 m 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 0 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, city of, community 190071, 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 Clay 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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