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Advertise here →Spencer, IA · Houses & Market Data
Spencer, Iowa houses and real estate market data.
Houses in Spencer, IA (Clay County) — Census median home value $178,300, county listing prices up about 5.0% over the past year. Market data for Spencer houses and the broader area.
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Spencer, IA is in Clay County, Iowa — this guide covers houses in Spencer and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 11,393, with a median household income of $57,068. Census data puts the median value of houses in Spencer at $178,300.
Info from government sites and builders may have provided source info.
Market overview
Spencer housing market
Spencer is in Clay County, Iowa. Manifest Census and county price-trend data provide baseline context for houses in Spencer and the surrounding county market.
Median home value (Census ACS)
$178,300
Population (Census ACS)
11,393
Median household income
$57,068
County price trend (2025)
5.03% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Spencer market snapshot
Population
11,393
County
Clay County
Median Household Income
$57,068
Median Home Value (city)
$178,300
Median Gross Rent
$795/mo
Price Trend (YoY)
+5.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Spencer different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Spencer's median home value — across all owner-occupied homes, not just recent sales — at $178,300.
County Price Trend
Clay County's FHFA house price index shows a 5.03% annual change in 2025.
Population & Income
Spencer has an estimated population of 11,393 and a median household income of $57,068, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Spencer's Census-reported median home value works out to about 3.1x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Spencer
County guide: Clay County — cities, market context, and local resources for the county that includes Spencer.
USAHouses.com also helps visitors looking in nearby Clay County and other Iowa communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Fostoria, Dickens, Everly, Royal, Greenville, Rossie, Gillett Grove, Webb, Peterson.
Fostoria market data
Nearby city · ~6.6 mi
Dickens market data
Nearby city · ~6.6 mi
Everly market data
Nearby city · ~8.4 mi
Royal market data
Nearby city · ~8.7 mi
Greenville market data
Nearby city · ~9.0 mi
Rossie market data
Nearby city · ~9.4 mi
Gillett Grove market data
Nearby city · ~10.8 mi
Webb market data
Nearby city · ~15.3 mi
Peterson market data
Nearby city · ~18.6 mi
More Iowa cities with market guides: Cedar Rapids, Davenport, Sioux City, Iowa City, Ankeny, Waterloo, Ames, Council Bluffs.
Cedar Rapids market data
Same-state city guide
Davenport market data
Same-state city guide
Sioux City market data
Same-state city guide
Iowa City market data
Same-state city guide
Ankeny market data
Same-state city guide
Waterloo market data
Same-state city guide
Ames market data
Same-state city guide
Council Bluffs market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Ruthven (~12.9 mi), Milford (~13.5 mi), West Okoboji (~13.9 mi), Terril (~14.4 mi), Arnolds Park (~14.8 mi), Wahpeton (~15.4 mi), Hartley (~16.5 mi), Okoboji (~16.7 mi), Sioux Rapids (~17.6 mi), Ayrshire (~17.7 mi), Linn Grove (~18.1 mi), Spirit Lake (~18.7 mi), Sutherland (~21.1 mi), Graettinger (~21.2 mi), Orleans (~21.4 mi), Marathon (~21.6 mi).
New construction: New homes near Spencer (Des Moines) · Iowa new construction.
Census & home facts
Spencer data from published sources
Population (ACS 2023)
11,393
Median home value (ACS 2023)
$178,300
Median household income (ACS 2023)
$57,068
Median gross rent (ACS 2023)
$795
County FHFA annual change (2025)
5.03%
Census place type
city
County
Clay County
Land area (Census Gazetteer 2024)
10.95 sq mi
Census GEOID
1974280
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Spencer
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Tallview Terrace ↗
Champion Homes · Sioux City, Iowa · ~77.2 mi
Courtyards at Golden Gateway ↗
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Galway Village ↗
Signature Homes · Sioux Falls, South Dakota · ~87.7 mi · from $318,000
Domani II Courtyards at The Bluffs ↗
Epcon Communities · Ames, Iowa · ~109.8 mi
Domani Courtyards ↗
Epcon Communities · Ames, Iowa · ~109.8 mi
Local life
Life in Spencer
Schools
Spencer Comm School District — 5 schools, 2,341 students enrolled, per the U.S. Department of Education's Common Core of Data. Clay addresses may be served by Spencer Comm School District, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Spencer FAQ
What are houses worth in Spencer, IA?
The Census Bureau's American Community Survey puts the median value of houses in Spencer at $178,300.
How much do houses cost in Spencer, IA?
For owner-occupied houses in Spencer, Census ACS data shows a median value of $178,300. Active listing prices in Clay County may differ — see the market snapshot above.
What types of houses are in Spencer, IA?
Spencer houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Clay County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Spencer, IA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Spencer's population at approximately 11,393.
What's the median rent in Spencer, IA?
The Census ACS estimates median gross rent in Spencer at approximately $795 per month.
What is the median household income in Spencer, IA?
Census ACS data puts the median household income in Spencer at approximately $57,068.
Is the Spencer housing market growing?
Clay County's FHFA house price index shows a 5.03% annual change in 2025.
Is Spencer, IA affordable relative to income?
Census ACS data puts Spencer's median home value at about 3.1 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Spencer, IA?
Manifest and public school-directory data suggest Spencer Comm School District for many Spencer addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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