HomeMassachusettsWorcester CountySpencer
Spencer, Massachusetts: commercial real estate data.
Spencer is a Census CDP of 5,661 people across 2.11 square miles of land, in Worcester County. Median household income is $59,931, 40.2 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $6.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Spencer
What Spencer is
- Census place typeCDP
- Land area2.11 sq mi
- Water area0.06 sq mi
- Population per square mile of land2,684
- County holding the largest share of its areaWorcester 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
- Population5,661
- Median age53.4
- Population under 18680 plus or minus 295
- Share under 1812.0 percent plus or minus 5.1
- Population 65 and over1,479 plus or minus 416
- Share 65 and over26.1 percent plus or minus 6.9
- Households2,791
- Family households1,255 plus or minus 270
- Share of households that are families45.0 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$59,931 plus or minus $17,393
- Per capita income$38,770
- Civilian labor force2,907
- Employed2,721
- Unemployed186 plus or minus 137
- Unemployment rate6.4 percent plus or minus 4.6
- Adults 25 and over4,493
- Adults 25 and over with a high school diploma or higher87.4 percent
- Adults 25 and over with a bachelor degree or higher16.8 percent plus or minus 5.4
- Adults 25 and over with a graduate degree5.3 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Housing in Spencer
- Housing units3,126
- Occupied units2,791
- Vacant units335 plus or minus 186
- Vacancy rate10.7 percent plus or minus 5.8
- Owner occupied1,121
- Renter occupied1,670 plus or minus 343
- Ownership rate40.2 percent
- Median owner-occupied home value$341,300
- Median gross rent, monthly$1,049 plus or minus $226
- Annual rent as a share of median income21.0 percent plus or minus 7.6
- Single family units1,009 plus or minus 237
- Share single family32.3 percent
- Units in buildings of two or more2,117 plus or minus 499
- Share in buildings of two or more67.7 percent
- Mobile homes0
- Median year structure built1948
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 commute2,412
- Commuting under 15 minutes321 plus or minus 160
- Share commuting under 15 minutes13.3 percent plus or minus 6.1
- Commuting 30 minutes or more1,452 plus or minus 413
- Share commuting 30 minutes or more60.2 percent plus or minus 12.9
- Drove alone76.4 percent
- Carpooled12.1 percent plus or minus 7.5
- Public transport0.8 percent plus or minus 1.3
- Walked0.0 percent
- Worked from home10.8 percent plus or minus 6.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
SBA loans in Spencer (7(a))
- Approvals9
- Gross approval$6,913,500
- Average approval$768,167
- Median approval$467,000
- Largest approval$2,600,000
- Jobs supported87
- Jobs per approval9.7
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders7
- Distinct industries by NAICS8
Counted by borrower city: approvals to borrowers whose address is in Spencer, in any county, FY2020 to FY2026. Only 2 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$1,139,000
- Average approval$284,750
- Median approval$257,000
- Largest approval$517,000
- Jobs supported9
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs4
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 number250335
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/21/23
The Town of Spencer participates in the National Flood Insurance Program as community 250335 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.
Worcester County, not Spencer
Worcester County context, not Spencer figures
- Establishments in Worcester County19,181
- Covered employment, Worcester County351,476
- Average annual pay, Worcester County$71,641
- Housing units permitted, Worcester County2,506
Every figure in this section is published for Worcester County as a whole and is not a measurement of Spencer.
All Worcester County figures →
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, Massachusetts?
5,661, in 2,791 households. Spencer CDP covers 2.11 square miles of land, which is 2,684 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?
Worcester 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?
$59,931. The median owner-occupied home is valued at $341,300. Median gross rent is $1,049 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?
9 7(a) approvals totaling $6.9 m since FY2020, across 7 lenders, median approval $467,000, plus 4 504 approvals worth $1.1 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 2 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 250335, 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 Worcester 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.