Rental market snapshot for Spencer, North Carolina

Spencer, North Carolina Rental Property Market Overview

Spencer, North Carolina is a small town located in Rowan County. According to the US Census, the population of Spencer in 2021 is 3,315. Spencer is a rural town with a small-town atmosphere and a friendly community. It is home to a variety of businesses, churches, and schools, as well as a variety of recreational activities. Spencer is a great place to live, work, and raise a family. (Source: US Census, 2021)

The average rent for an apartment in Spencer is $1,460. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Spencer North Carolina | Cost of Living

  • The most expensive ZIP code in Spencer is 28159 with an average price of $1,496.
  • The cheapest ZIP code in Spencer is 28159 with an average price of $1,496.

Spencer ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
128159$1,496

Live near Spencer, North Carolina's Top Sights and Attractions

Jefferson Park is a beautiful outdoor attraction located in Spencer, North Carolina. It features a large lake, walking trails, picnic areas, and a playground. The lake is stocked with fish, making it a great spot for fishing. There are also plenty of benches and tables to relax and enjoy the scenery. The park also has a large pavilion, perfect for hosting events or gatherings. The park is surrounded by lush trees and greenery, making it a great place to escape the hustle and bustle of everyday life.

Southern Railway Park is a scenic outdoor attraction located in Spencer, North Carolina. It features a 1.5-mile walking trail that winds through the park, offering visitors a chance to take in the natural beauty of the area. The park also features a restored train depot, a picnic area, and a playground. Visitors can also explore the historic Spencer Shops, which were once the largest steam locomotive repair facility in the world. The park is a great spot for a leisurely stroll, a picnic, or a day of exploration.

Library Park is a beautiful outdoor space located in a small town. It features a large pond with a fountain, a gazebo, and plenty of lush green grass. There are plenty of benches and picnic tables for visitors to relax and enjoy the scenery. The park also has a playground for children to enjoy, as well as a walking path that winds around the pond. The park is a great place to spend a day with family and friends, or to just take a peaceful stroll.

Fred And Alice Stanback Educational Forest And Preserve is a nature preserve located in Spencer, North Carolina. It features over 200 acres of forests, wetlands, and meadows, as well as a variety of wildlife and plants. Visitors can explore the area on foot, bike, or horseback, and take part in educational programs and guided tours. The preserve also offers a variety of outdoor activities, such as fishing, camping, and bird watching. Additionally, the preserve is home to a variety of educational programs and events, including nature walks, lectures, and workshops.

Rowan Park is a large outdoor recreation area located in Spencer, North Carolina. It features a variety of activities for visitors of all ages, including a playground, walking trails, picnic areas, and a lake with a fishing pier. The park also has a large open field perfect for sports and other activities, as well as a disc golf course. The park is surrounded by lush greenery and is a great spot to spend a day outdoors.

8Th Street Park is a popular outdoor destination in a small town in North Carolina. It features a large playground with swings, slides, and a variety of climbing structures, as well as a basketball court, a picnic area, and a walking trail. The park also has a pond with a dock, where visitors can fish or take a leisurely stroll. In addition, the park is home to a variety of wildlife, including ducks, geese, and other birds. 8Th Street Park is a great place for families to spend time together and enjoy the outdoors.

The 8th Street Connector is a scenic walking path located in Spencer, North Carolina. It is a 1.2 mile long paved trail that winds through the city, connecting the downtown area to the residential neighborhoods. Along the way, visitors can enjoy views of the Yadkin River, the historic downtown area, and the surrounding countryside. The trail is perfect for walking, jogging, biking, and rollerblading, and is a great way to explore the city. It is also a popular spot for bird watching, as many species of birds can be seen along the path.

Spencer, North Carolina area median rent change by ZIP code map

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How does Spencer compare to other cities in North Carolina?

citymedian price
Leland$2,125
Wake Forest$2,115
Stallings$2,085
Knightdale$1,960
China Grove$1,750
Spencer$1,495
Madison$1,395

Average household income in Spencer area graph - US Census

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The median household income in Spencer in 2021 was $56,882. This represents a 50.6% change from 2011 when the median was $37,763.

#categorypercent
0Less than $10,00012.4%
1$10,000 to $14,9994.1%
2$15,000 to $19,9995.2%
3$20,000 to $24,9996.8%
4$25,000 to $29,9991.4%
5$30,000 to $34,9992.4%
6$35,000 to $39,9992.7%
7$40,000 to $44,9990.6%
8$45,000 to $49,9993.0%
9$50,000 to $59,99919.7%
10$60,000 to $74,99919.5%
11$75,000 to $99,9999.8%
12$100,000 to $124,9995.0%
13$125,000 to $149,9995.2%
14$150,000 to $199,9991.1%
15$200,000 or more1.1%

Neighborhoods in Spencer

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Spencer is $1,460.
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