What percentage of people rent in Spencer, TN?

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

26.1% (±7.2 points) of the occupied homes in Spencer, TN are rented (2020–2024 American Community Survey).

That is 172 renting households against 486 that own their home.

In Spencer, the share of households that rent went from 27.6% in 2015–2019 to 26.1% in 2020–2024 (−1.5 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 26.1% (±7.2 points)
Renting households: 172 (±57)
Median renter income: $38,654 (±$29,108)

Who rents and who owns in Spencer

Tenure, estimate (90% margin of error)
	Spencer	Van Buren County	Tennessee	United States
Renter-occupied share	26.1% (±7.2 points)	13.6% (±3.6 points)	33.1% (±0.3 points)	34.8%
Renting households	172 (±57)	349 (±96)	933,708 (±7,883)	45,017,354
Owning households	486 (±84)	2,220 (±133)	1,890,569 (±10,295)	84,210,142
Average renter household size	2.2 (±0.6)	2.0 (±0.3)	2.3 (±0.0)	2.3
Average owner household size	2.2 (±0.3)	2.6 (±0.1)	2.5 (±0.0)	2.6
Median renter household income	$38,654 (±$29,108)	$36,343 (±$14,984)	$46,745 (±$535)	$52,966
Median owner household income	$48,958 (±$11,065)	$59,333 (±$9,719)	$85,153 (±$545)	$100,009

In Spencer, the renter share is higher than in Van Buren County (13.6%).

It is not measurably different from Tennessee (33.1%).

It is lower than the national figure (34.8%).

Statewide, it ranks 233 of 405.

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	27.6% (±8.4 points)	26.1% (±7.2 points)	−1.5 percentage points	Not a measurable change
Median gross rent	$503 (±$38)	$575 (±$427)	+14.3%	No measurable change after inflation
Median household income	$36,326 (±$6,788)	$46,705 (±$10,590)	+28.6%	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	—	26.1% (±7.2 points)	—
Doyle	8.6 mi	35.1% (±15.6 points)	Not measurably different
Sparta	14 mi	32.5% (±10.0 points)	Not measurably different
Pikeville	17 mi	48.8% (±10.4 points)	Higher
McMinnville	19 mi	50.3% (±3.9 points)	Higher
Pleasant Hill	22 mi	23.6% (±10.3 points)	Not measurably different
Beersheba Springs	23 mi	5.4% (±5.9 points)	Lower
Lake Tansi	24 mi	5.3% (±3.0 points)	Lower
Smithville	25 mi	45.3% (±11.1 points)	Higher

Nearby places with a measurably lower figure: Beersheba Springs, TN (5.4%), Lake Tansi, TN (5.3%).

Nearby places with a measurably higher figure: Pikeville, TN (48.8%), McMinnville, TN (50.3%), Smithville, TN (45.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

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 172 (±57) renting households, 26.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Spencer?

In Spencer, the share of households that rent went from 27.6% in 2015–2019 to 26.1% in 2020–2024 (−1.5 percentage points), not a measurable change.

How big are renting households in Spencer?

A renting household in Spencer has 2.2 people on average, against 2.2 in an owned home.

How much do renters earn in Spencer?

The median renting household in Spencer, TN has an income of $38,654 (±$29,108) a year, against $48,958 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 city, Tennessee (place:70240, in state:47).

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.