HomeOhioMedina CountySpencer village
Spencer village, Ohio: commercial real estate data.
Spencer village is a Census village of 628 people across 0.99 square miles of land, in Medina County. Median household income is $73,542, 78.2 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $220,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Spencer
What Spencer is
- Census place typevillage
- Land area0.99 sq mi
- Water area0.01 sq mi
- Population per square mile of land637 plus or minus 171
- County holding the largest share of its areaMedina 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
- Population628 plus or minus 169
- Median age35.3
- Population under 18157 plus or minus 67
- Share under 1825.0 percent plus or minus 8.4
- Population 65 and over112 plus or minus 34
- Share 65 and over17.8 percent
- Households261 plus or minus 56
- Family households176 plus or minus 49
- Share of households that are families67.4 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$73,542 plus or minus $19,948
- Per capita income$30,471
- Civilian labor force310 plus or minus 89
- Employed303 plus or minus 88
- Unemployed7 plus or minus 7
- Unemployment rate2.3 percent plus or minus 2.2
- Adults 25 and over435 plus or minus 98
- Adults 25 and over with a high school diploma or higher92.9 percent plus or minus 29.0
- Adults 25 and over with a bachelor degree or higher13.3 percent plus or minus 8.2
- Adults 25 and over with a graduate degree1.4 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Housing in Spencer
- Housing units266 plus or minus 56
- Occupied units261 plus or minus 56
- Vacant units5 plus or minus 6
- Vacancy rate1.9 percent plus or minus 2.2
- Owner occupied204 plus or minus 52
- Renter occupied57 plus or minus 29
- Ownership rate78.2 percent
- Median owner-occupied home value$165,300
- Median gross rent, monthly$768 plus or minus $185
- Annual rent as a share of median income12.5 percent plus or minus 4.5
- Single family units214 plus or minus 52
- Share single family80.5 percent
- Units in buildings of two or more52 plus or minus 32
- Share in buildings of two or more19.5 percent plus or minus 11.3
- Mobile homes0
- Median year structure built1938
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 commute282 plus or minus 85
- Commuting under 15 minutes40 plus or minus 27
- Share commuting under 15 minutes14.2 percent plus or minus 8.6
- Commuting 30 minutes or more169 plus or minus 58
- Share commuting 30 minutes or more59.9 percent
- Drove alone80.6 percent
- Carpooled8.4 percent plus or minus 6.9
- Public transport0.0 percent
- Walked5.4 percent plus or minus 4.4
- Worked from home5.7 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
SBA loans in Spencer (7(a))
- Approvals3
- Gross approval$220,000
- Average approval$73,333
- Median approval$50,000
- Ninetieth percentile approval$150,000
- Largest approval$150,000
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS3
A charge-off rate is not published here. only 1 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.
Medina County, not Spencer
Medina County context, not Spencer figures
These are Medina 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 Medina County4,127
- Employment at those establishments, Medina County57,518
- Covered employment, Medina County62,902
- Average annual pay, Medina County$58,076
- Average weekly wage, Medina County$1,117
- Housing units permitted, Medina County471
- Of those, single family, Medina County465
- County product, 2024, Medina County$10,412,969,000
- County product change over the prior year, Medina County4.5 percent
- Average income of an arriving household, Medina County$71,638
Every figure in this section is published for Medina 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, Ohio?
628, in 261 households. Spencer village covers 0.99 square miles of land, which is 637 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?
Medina 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?
$73,542. The median owner-occupied home is valued at $165,300. Median gross rent is $768 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?
3 7(a) approvals totalling $220,000, across 2 lenders, median approval $50,000. 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 1 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 Medina 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.