Spencer
Spencer city, Oklahoma
Spencer, Oklahoma, a charming town of nearly 4,000 residents, offers a refreshing alternative to the hustle and bustle of city life, particularly for those seeking affordability. Here, you'll find a median home value of just $115,600, a stark contrast to the national average, making homeownership a realistic dream. The cost of living is significantly lower, and the pace is decidedly more relaxed. Imagine spending your weekends exploring the nearby natural beauty or simply enjoying the company of friendly neighbors. Spencer is a place where community thrives, and a sense of belonging is readily found, offering a welcoming atmosphere for families and individuals alike.
From an investment perspective, Spencer presents a compelling case. While the median household income of $54,452 is below the national average, the incredibly low housing costs allow for a comfortable lifestyle. The area is known for its safety and close-knit community, making it an excellent choice for those seeking a secure environment to raise a family or to retire. While specific job market data isn't available, the affordability and quality of life make Spencer attractive to a range of residents, including first-time homebuyers, retirees, and those seeking a more manageable cost of living.
Spencer, Oklahoma at a Glance
Spencer is a city in Spencer city, Oklahoma with a population of approximately 3,969. The median home value is $115,600 and the median household income is $54,452.. The violent crime rate is 3.0 per 1,000 residents, which is 17% below the national average.. Median rent is $1,017 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$115,600
Median Income
$54,452
Population
3,969
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Excellent
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- Population
- 3,969
- Median Age
- N/A
- Median Household Income
- $54,452
27% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 17.0%
37% above nat'l avg
- Median Home Value
- $115,600
59% below nat'l avg
- Median Rent
- $1,017
13% below nat'l avg
- Homeownership Rate
- 67.0%
Near nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 3.0 per 1K
17% below nat'l avg
- Property Crime Rate
- 12.2 per 1K
36% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 6.9%
86% above nat'l avg
- Poverty Rate
- 17.0%
37% above nat'l avg
Weather & Climate in Spencer
Avg High
73°F
Avg Low
54°F
Annual Rainfall
37.8"
Avg Humidity
64%
Political Landscape
→ Politically stable
Based on Lincoln County county-level presidential election data
Culture & Things to Do in Spencer
Oklahoma City Festival of the Arts
A week-long arts festival featuring visual and performing arts.
Frontier City Fright Fest
A Halloween event at Frontier City amusement park.
Red Earth Native American Cultural Festival
A celebration of Native American culture with art, dance, and music.
OKC Pride Festival
A celebration of the LGBTQ+ community with a parade, music, and vendors.
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