HomeIowaClay CountySpencer city
Spencer city, Iowa: commercial real estate data.
Spencer city 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.
76 sourced place values · tier FULL · 8 sections · 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$65,000
- Ninetieth percentile approval$967,000
- 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
A charge-off rate is not published here. only 0 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 loans in Spencer (504)
- Approvals14
- Gross approval$6,424,000
- Average approval$458,857
- Median approval$225,000
- Largest approval$1,808,000
- Jobs supported36
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Clay County, not Spencer
Clay County context, not Spencer figures
These are Clay 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 Clay County570
- Employment at those establishments, Clay County7,012
- Covered employment, Clay County8,534
- Average annual pay, Clay County$53,504
- Average weekly wage, Clay County$1,029
- Housing units permitted, Clay County9
- Of those, single family, Clay County9
- County product, 2024, Clay County$1,539,920,000
- County product change over the prior year, Clay County8.4 percent
- Average income of an arriving household, Clay County$56,054
Every figure in this section is published for Clay 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, 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 totalling $2.1 m, across 6 lenders, median approval $65,000, plus 14 504 approvals worth $6.4 m. 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 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 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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