Village of Spencer Demographics

Village of Spencer Facts

Settled in the midwest corner of Medina County, Spencer is a village that is located in Spencer Township with a population of approximately 2,419.

The Village of Spencer and Spencer Township have a Cooperative Economic Development Agreement (CEDA) which is 68 acres that is now the village’s light industrial zoned industrial park. A Lorain-Medina Rural Development Company project, the annexed land will benefit from the village’s water and sewer services.

The community has an active Economic Development Committee working on developing new businesses and encouraging the growth and redevelopment of its quaint downtown.

Four churches make Spencer their home, as there is one at each entrance to the village; those being Spencer United Methodist, First Baptist, Faith Christian, and Solid Rock Baptist. At the four corners of our one light town you will see- Farmer’s Savings Bank, Holmes Tire, Spencer Main Street Market, and Spencer Restaurant.

Spenver Village also has two beautiful parks. Veteran’s Memorial Community Park (rocket park to many), and J.B. Firestone Park, which offers walking trails, basketball/tennis courts, playground, pavilions for gatherings, and ball fields.

Village of Spencer Demographics

Population (2020 / est.)

684

Unemployment Rate (2022)

3.0%

Median Household Income (2022)

$52,857

Education

High School and Above

89.1%

Bachelor’s Degree and Above

13.6%

Housing

Homeownership Rate

75.2%

Median Home Value (2022)

$141,200

Travel Time to Work

Less than 15 minutes
8.7%
15 to 30 minutes

22.0%

30 to 45 minutes

38.8%

45 to 60 minutes

16.5%

60 minutes or more

14.0%

* Data above from US Census Bureau