The median home value in Spencer, TN is $417,000. This is higher than the county median home value of $160,200. The national median home value is $338,100. The average price of homes sold in Spencer, TN is $417,000. Approximately 55.7% of Spencer homes are owned, compared to 23.96% rented, while 20.34% are vacant. Spencer real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Spencer real estate agent to arrange a tour today!
Spencer, Tennessee has a population of 1,531. Spencer is less family-centric than the surrounding county with 21.77% of the households containing married families with children. The county average for households married with children is 33.09%.
The median household income in Spencer, Tennessee is $39,962. The median household income for the surrounding county is $44,444 compared to the national median of $69,021. The median age of people living in Spencer is 48.3 years.
The average high temperature in July is 87.1 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 54.3 inches per year, with 5.2 inches of snow per year.