Housing in Spencer, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$206,916
Spencer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Spencer is highlighted.
Median Home Value
36th%ilemost expensive$135,000show rank
Median Rent
11th%ilemost expensive rent$643show rank
Rent Burden
35th%ilehighest rent burden16.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$135,000
Median Rent
$643
Total Housing Units
759
Vacancy Rate
16.3%
Owner Occupied
71.5%
Renter Occupied
28.5%
Median Property Tax
$571
per year
Monthly Cost (w/ Mortgage)
$465
Housing Types
Single Family75.5%
Multi-Family13.7%
Mobile Home10.8%
The median home value in Spencer, TN is $135,000. According to Zillow, the home value index for Spencer is $206,916. The median rent is $643 per month (Census ACS). About 71.5% of housing units are owner-occupied. The median year homes were built is 1976. There are 759 total housing units.