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Why Live in Spencer Park

Spencer Park in Decatur is a neighborhood surrounded by some of the city's top employers, ADM and Caterpillar. It features mid-20th-century homes, primarily bungalows and ranch-style homes averaging around 1,000 square feet. Yards range from being less than a quarter-acre to half an acre. Minimal landscaping and the absence of sidewalks give the community a suburban yet sparse feel. Locke Park, a neighborhood green space built in 2013, features a playground, walking trail and basketball court. The former Spencer Park site is now the ADM Wellness Center, accessible to ADM employees and their spouses. Community engagement is fostered through Faith Fellowship Christian Church and organizations such as the Northeast Community Fund, which offers essential services and events. Nearby dining options include Debbie's Diner, known for its retro charm and daily specials, while grocery needs are met by Save A Lot, located 2 miles away. Transportation to downtown Decatur, 4 miles away, is facilitated by bus line 41. The area's train traffic can be noisy, and sometimes the smell of soybeans and corn from ADM's facility wafts through the community.

Frequently Asked Questions

Is Spencer Park a good place to live?
Spencer Park is a good place to live. Spencer Park is considered very car-dependent and somewhat bikeable. Spencer Park is a suburban neighborhood. It has a median age of 44. The average household income is $45,254 which is below the national average. College graduates make up 7.3% of residents. A majority of residents in Spencer Park are home owners, with 29.5% of residents renting and 70.5% of residents owning their home. A local real estate agent serving Spencer Park can help you decide if this neighborhood is the right one for you. Learn more on our Spencer Park neighborhood guide.
Is Spencer Park, IL a safe neighborhood?
Spencer Park, IL is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Spencer Park?
The median home price in Spencer Park is $52,000. If you put a 20% down payment of $10,400 and had a 30-year fixed mortgage with an interest rate of 6.37%, your estimated principal and interest payment would be $260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $11K a year to afford the median home price in Spencer Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Spencer Park is $45K.
What are the best public schools in Spencer Park?
The best public schools that serve Spencer Park are:
What are the best private schools in Spencer Park?
The best private schools that serve Spencer Park are:
What are the most popular zip codes in Spencer Park, Decatur, IL?
The most popular zip codes in Spencer Park, Decatur, IL include 62526, 62521, 62522, 62535 and 62501.
What are the most popular neighborhoods near Spencer Park, Decatur, IL?
The most popular neighborhoods near Spencer Park, Decatur, IL are MANA, Homewood, Hess Park, North Fork and Lions Park.
Are home prices dropping in Spencer Park?
Yes, home prices in Spencer Park are down 26% in the last 12 months.

Home Trends in Spencer Park, IL

Housing Trends

Median Sale Price
$33,000
Median Single Family Sale Price
$33,000
Average Price Per Sq Ft
$52
Number of Homes for Sale
0
Last 12 months Home Sales
5
Months of Supply
0.00
Median List Price
$52,000
Median Change From 1st List Price
14%
Median Home Sale Price YoY Change
-49%
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