HomeTennesseeVan Buren CountySpencer
Spencer, Tennessee: commercial real estate data.
Spencer is a Census city of 1,511 people across 6.55 square miles of land, in Van Buren County. Median household income is $46,705, 73.9 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $3.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Spencer
What Spencer is
- Census place typecity
- Land area6.55 sq mi
- Water area0 sq mi
- Population per square mile of land231
- County holding the largest share of its areaVan Buren 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
- Population1,511
- Median age51.9
- Population under 18212 plus or minus 77
- Share under 1814.0 percent plus or minus 4.5
- Population 65 and over451 plus or minus 102
- Share 65 and over29.8 percent
- Households658
- Family households411 plus or minus 96
- Share of households that are families62.5 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$46,705 plus or minus $10,590
- Per capita income$25,361
- Civilian labor force628 plus or minus 149
- Employed625 plus or minus 150
- Unemployed3 plus or minus 5
- Unemployment rate0.5 percent plus or minus 0.8
- Adults 25 and over1,204
- Adults 25 and over with a high school diploma or higher83.4 percent
- Adults 25 and over with a bachelor degree or higher11.3 percent plus or minus 4.8
- Adults 25 and over with a graduate degree4.7 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
Housing in Spencer
- Housing units729
- Occupied units658
- Vacant units71 plus or minus 43
- Vacancy rate9.7 percent plus or minus 5.7
- Owner occupied486
- Renter occupied172 plus or minus 57
- Ownership rate73.9 percent
- Median owner-occupied home value$150,800
- Median gross rent, monthly$575 plus or minus $427
- Annual rent as a share of median income14.8 percent plus or minus 11.5
- Single family units558
- Share single family76.5 percent
- Units in buildings of two or more86 plus or minus 46
- Share in buildings of two or more11.8 percent plus or minus 6.0
- Mobile homes80 plus or minus 43
- Median year structure built1975
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 commute560 plus or minus 142
- Commuting under 15 minutes242 plus or minus 88
- Share commuting under 15 minutes43.2 percent plus or minus 11.2
- Commuting 30 minutes or more243 plus or minus 103
- Share commuting 30 minutes or more43.4 percent plus or minus 14.7
- Drove alone75.7 percent
- Carpooled16.9 percent plus or minus 11.0
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home7.4 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spencer
SBA loans in Spencer (7(a))
- Approvals2
- Gross approval$3,810,000
- Average approval$1,905,000
- Median approval$1,905,000
- Largest approval$3,660,000
- Jobs supported21
- Jobs per approval10.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term210 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
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)
- Approvals2
- Gross approval$896,000
- Average approval$448,000
- Median approval$448,000
- Largest approval$570,000
- Jobs supported6
- Loans with a final outcome1
- Charged off0
- Median term270 months
- Distinct CDCs1
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 number470239
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/19/10(M)
The Town of Spencer participates in the National Flood Insurance Program as community 470239 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.
Van Buren County, not Spencer
Van Buren County context, not Spencer figures
- Establishments in Van Buren County44
- Covered employment, Van Buren County919
- Average annual pay, Van Buren County$39,600
- Housing units permitted, Van Buren County3
Every figure in this section is published for Van Buren County as a whole and is not a measurement of Spencer.
All Van Buren 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, Tennessee?
1,511, in 658 households. Spencer city covers 6.55 square miles of land, which is 231 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?
Van Buren 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?
$46,705. The median owner-occupied home is valued at $150,800. Median gross rent is $575 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?
2 7(a) approvals totaling $3.8 m since FY2020, across 2 lenders, median approval $1,905,000, plus 2 504 approvals worth $896,000 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, town of, community 470239, 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 Van Buren 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.