What percentage of people rent in East Spencer, NC?
47.1% (±15.1 points) of the occupied homes in East Spencer, NC are rented (2020–2024 American Community Survey).
That is 353 renting households against 397 that own their home.
In East Spencer, the share of households that rent went from 56.5% in 2015–2019 to 47.1% in 2020–2024 (−9.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 47.1% (±15.1 points)
- Renting households
- 353 (±159)
- Median renter income
- $14,544 (±$9,339)
Who rents and who owns in East Spencer
| East Spencer | Rowan County | North Carolina | United States | |
|---|---|---|---|---|
| Renter-occupied share | 47.1% (±15.1 points) | 27.7% (±1.8 points) | 33.4% (±0.2 points) | 34.8% |
| Renting households | 353 (±159) | 16,306 (±1,090) | 1,428,852 (±8,279) | 45,017,354 |
| Owning households | 397 (±139) | 42,593 (±1,085) | 2,853,493 (±14,473) | 84,210,142 |
| Average renter household size | 1.9 (±0.4) | 2.3 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 1.9 (±0.3) | 2.6 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $14,544 (±$9,339) | $44,167 (±$5,838) | $48,010 (±$418) | $52,966 |
| Median owner household income | $51,397 (±$26,976) | $76,688 (±$3,484) | $88,911 (±$521) | $100,009 |
In East Spencer, the renter share is higher than in Rowan County (27.7%).
It is not measurably different from North Carolina (33.4%).
It is not measurably different from the national figure (34.8%).
In Rowan County, East Spencer ranks 2 of 10 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 121 of 663.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in East Spencer has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 56.5% (±11.8 points) | 47.1% (±15.1 points) | −9.4 percentage points | Not a measurable change |
| Median gross rent | $507 (±$70) | $677 (±$466) | +33.5% | No measurable change after inflation |
| Median household income | $33,633 (±$6,906) | $34,417 (±$19,881) | +2.3% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near East Spencer
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| East Spencer | — | 47.1% (±15.1 points) | — |
| Spencer | 1.4 mi | 27.3% (±9.8 points) | Lower |
| Salisbury | 4.0 mi | 48.2% (±3.7 points) | Not measurably different |
| Granite Quarry | 4.8 mi | 21.0% (±12.9 points) | Lower |
| Faith | 6.5 mi | 13.4% (±9.0 points) | Lower |
| Southmont | 8.5 mi | 6.8% (±8.2 points) | Lower |
| Tyro | 8.7 mi | 19.9% (±7.1 points) | Lower |
| Rockwell | 8.8 mi | 31.7% (±13.6 points) | Not measurably different |
| China Grove | 11 mi | 34.7% (±12.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Spencer, NC (27.3%), Granite Quarry, NC (21.0%), Faith, NC (13.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Rowan County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Salisbury | 48.2% (±3.7 points) |
| 2 | East Spencer | 47.1% (±15.1 points) |
| 3 | Enochville | 38.9% (±16.0 points) |
| 4 | China Grove | 34.7% (±12.6 points) |
| 5 | Rockwell | 31.7% (±13.6 points) |
| 6 | Spencer | 27.3% (±9.8 points) |
| 7 (tie) | Cleveland | 21.0% (±10.7 points) |
| 7 (tie) | Granite Quarry | 21.0% (±12.9 points) |
Showing 8 of 10 places in Rowan County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in East Spencer
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Questions about East Spencer
How many renters are there in East Spencer?
East Spencer has an estimated 353 (±159) renting households, 47.1% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in East Spencer?
In East Spencer, the share of households that rent went from 56.5% in 2015–2019 to 47.1% in 2020–2024 (−9.4 percentage points), not a measurable change.
How big are renting households in East Spencer?
A renting household in East Spencer has 1.9 people on average, against 1.9 in an owned home.
How much do renters earn in East Spencer?
The median renting household in East Spencer, NC has an income of $14,544 (±$9,339) a year, against $51,397 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — East Spencer town, North Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — East Spencer town, North Carolina
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — East Spencer town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — East Spencer town, North Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — East Spencer town, North Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for East Spencer town, North Carolina (place:19860, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in East Spencer at a glance
- Rent burden in East Spencer
- Home values in East Spencer
- Homeowner costs in East Spencer
- Property taxes in East Spencer
- Types of homes in East Spencer
- Bedrooms in East Spencer
- Age of homes in East Spencer
- Heating fuel in East Spencer
- Commute and cars in East Spencer
- Crime reported to police in East Spencer
- Population growth in East Spencer
- North Carolina landlord and tenant rules
- Housing across Rowan County
- North Carolina places ranked by share of renters
- Housing data for every place in North Carolina