What percentage of people rent in Spencer, NC?

Name: Renters and owners in Spencer, NC, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

27.3% (±9.8 points) of the occupied homes in Spencer, NC are rented (2020–2024 American Community Survey).

That is 374 renting households against 996 that own their home.

In Spencer, the share of households that rent went from 42.8% in 2015–2019 to 27.3% in 2020–2024 (−15.5 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 27.3% (±9.8 points)
Renting households: 374 (±129)
Median renter income: $44,702 (±$13,652)

Who rents and who owns in Spencer

Tenure, estimate (90% margin of error)
	Spencer	Rowan County	North Carolina	United States
Renter-occupied share	27.3% (±9.8 points)	27.7% (±1.8 points)	33.4% (±0.2 points)	34.8%
Renting households	374 (±129)	16,306 (±1,090)	1,428,852 (±8,279)	45,017,354
Owning households	996 (±200)	42,593 (±1,085)	2,853,493 (±14,473)	84,210,142
Average renter household size	2.8 (±0.6)	2.3 (±0.1)	2.3 (±0.0)	2.3
Average owner household size	2.3 (±0.3)	2.6 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$44,702 (±$13,652)	$44,167 (±$5,838)	$48,010 (±$418)	$52,966
Median owner household income	$69,250 (±$10,807)	$76,688 (±$3,484)	$88,911 (±$521)	$100,009

In Spencer, the renter share is not measurably different from 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, Spencer ranks 6 of 10 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 372 of 663.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Spencer has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	42.8% (±9.7 points)	27.3% (±9.8 points)	−15.5 percentage points	Measurable decrease
Median gross rent	$926 (±$82)	$1,000 (±$200)	+8.0%	No measurable change after inflation
Median household income	$53,163 (±$6,189)	$65,465 (±$16,860)	+23.1%	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 Spencer

Nearest places with a published estimate, compared with Spencer
Place	Distance	Households that rent	Compared with this place
Spencer	—	27.3% (±9.8 points)	—
East Spencer	1.4 mi	47.1% (±15.1 points)	Higher
Salisbury	4.6 mi	48.2% (±3.7 points)	Higher
Granite Quarry	6.2 mi	21.0% (±12.9 points)	Not measurably different
Tyro	7.3 mi	19.9% (±7.1 points)	Not measurably different
Faith	7.9 mi	13.4% (±9.0 points)	Lower
Southmont	8.8 mi	6.8% (±8.2 points)	Lower
Rockwell	10 mi	31.7% (±13.6 points)	Not measurably different
Lexington	11 mi	58.4% (±4.3 points)	Higher

Nearby places with a measurably lower figure: Faith, NC (13.4%), Southmont, NC (6.8%).

Nearby places with a measurably higher figure: East Spencer, NC (47.1%), Salisbury, NC (48.2%), Lexington, NC (58.4%).

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)
9	Landis	14.3% (±9.6 points)
10	Faith	13.4% (±9.0 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Spencer

How many renters are there in Spencer?

Spencer has an estimated 374 (±129) renting households, 27.3% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Spencer?

In Spencer, the share of households that rent went from 42.8% in 2015–2019 to 27.3% in 2020–2024 (−15.5 percentage points), a measurable decrease.

How big are renting households in Spencer?

A renting household in Spencer has 2.8 people on average, against 2.3 in an owned home.

How much do renters earn in Spencer?

The median renting household in Spencer, NC has an income of $44,702 (±$13,652) a year, against $69,250 for households that own their home.

Sources

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 Spencer town, North Carolina (place:63760, 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.

Request a Census API 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.