HomeNorth CarolinaRowan CountySpencer
Spencer, North Carolina: commercial real estate data.
Spencer is a Census town of 3,349 people across 3.40 square miles of land, in Rowan County. Median household income is $65,465, 72.7 percent of occupied homes are owned, and the SBA record carries 1 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 typetown
- Land area3.4 sq mi
- Water area0 sq mi
- Population per square mile of land986
- County holding the largest share of its areaRowan 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
- Population3,349
- Median age44.2
- Population under 18637 plus or minus 191
- Share under 1819.0 percent plus or minus 5.7
- Population 65 and over784 plus or minus 215
- Share 65 and over23.4 percent plus or minus 6.4
- Households1,370
- Family households823
- Share of households that are families60.1 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$65,465 plus or minus $16,860
- Per capita income$34,584
- Civilian labor force1,541
- Employed1,431
- Unemployed110 plus or minus 99
- Unemployment rate7.1 percent plus or minus 6.4
- Adults 25 and over2,486
- Adults 25 and over with a high school diploma or higher82.4 percent
- Adults 25 and over with a bachelor degree or higher25.6 percent plus or minus 7.1
- Adults 25 and over with a graduate degree8.9 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Housing in Spencer
- Housing units1,632
- Occupied units1,370
- Vacant units262 plus or minus 138
- Vacancy rate16.1 percent plus or minus 8.2
- Owner occupied996 plus or minus 200
- Renter occupied374 plus or minus 129
- Ownership rate72.7 percent
- Median owner-occupied home value$201,700
- Median gross rent, monthly$1,000 plus or minus $200
- Annual rent as a share of median income18.3 percent plus or minus 6.0
- Single family units1,520
- Share single family93.1 percent
- Units in buildings of two or more90 plus or minus 63
- Share in buildings of two or more5.5 percent plus or minus 3.8
- Mobile homes22 plus or minus 39
- Median year structure built1950
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 commute1,127
- Commuting under 15 minutes286 plus or minus 116
- Share commuting under 15 minutes25.4 percent plus or minus 9.3
- Commuting 30 minutes or more440 plus or minus 173
- Share commuting 30 minutes or more39.0 percent plus or minus 13.7
- Drove alone69.0 percent
- Carpooled11.2 percent plus or minus 8.5
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home18.7 percent plus or minus 10.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
SBA loans in Spencer (7(a))
- Approvals1
- Gross approval$2,144,000
- Average approval$2,144,000
- Median approval$2,144,000
- Largest approval$2,144,000
- Jobs supported26
- Jobs per approval26.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
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
Flood risk in Spencer
- NFIP communityTown of Spencer
- NFIP community number370216
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/16/09
The Town of Spencer participates in the National Flood Insurance Program as community 370216 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.
Rowan County, not Spencer
Rowan County context, not Spencer figures
- Establishments in Rowan County2,908
- Covered employment, Rowan County50,595
- Average annual pay, Rowan County$57,503
- Housing units permitted, Rowan County592
Every figure in this section is published for Rowan 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, North Carolina?
3,349, in 1,370 households. Spencer town covers 3.40 square miles of land, which is 986 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?
Rowan 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?
$65,465. The median owner-occupied home is valued at $201,700. Median gross rent is $1,000 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?
1 7(a) approvals totaling $2.1 m since FY2020, across 1 lenders, median approval $2,144,000. 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 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, town of, community 370216, 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 Rowan 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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