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Spencer

Spencer

Located in Clay County

$114 Average Price per Sq Ft
2 Homes For Sale

Spencer: planting strong roots in northwest Iowa

The Little Sioux and Ocheyedan rivers flow into each other in Spencer, a northwest Iowa city where roots run deep. “I was born and raised here, graduated from high school here, and a lot of my classmates are still around,” says Bryan Sebastian, Realtor with Northwest Iowa Realty. Home to the largest county fair in the state, the Clay County seat is also a hotspot for farm equipment manufacturers and food processors. A new emergency department at Spencer Hospital strengthens a growing healthcare sector. Sebastian recounts a story of a couple who traveled to similar cities throughout the region before deciding to settle down in Spencer. “About a week after I gave them a tour, they called me up and said, ‘We are going to buy a house with you today.’” Bryan says. “These were people who compared us and graded us against so many communities from North Dakota all the way down and around back to Iowa. They’re still an amazing, thriving couple in our community today.”

Spencer is home to about 11,500 people.
Spencer is home to about 11,500 people.
The confluence of the Ocheyedan and Little Sioux Rivers is in Spencer.
The confluence of the Ocheyedan and Little Sioux Rivers is in Spencer.
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Recovery progress following the "perfect storm" of 2024

Disaster struck Spencer in June 2024, when much of the city was submerged in a flash flood originating from both rivers. It was the largest recorded flood in the city since 1953. “Recovery-wise, my phone is just full of good, bad, and tearjerking moments,” Sebastian says. “There are portions of Spencer that are in a floodplain area, but this flood was so massive, they called it the perfect storm. About 13 or 14 things had to come together for it to happen in the manner that it did.” Most businesses along South Grand Avenue have reopened, though some will never return due to the damages. FEMA departed in October, but the Spencer Chamber of Commerce continues to collect donations toward recovery efforts. “We take it one day at a time," Sebastian says. "There’s a lot of rebuilding to be done yet, but the flood of 2024 is not going to stop Spencer." City officials estimated that more than three-quarters of Spencer's 5,000 structures were damaged either by flood waters themselves or backed-up sewage.

Homes through the eras in Spencer

The median home price in Spencer is around $180,000, less than half the national value and lower than Sioux City and Sioux Falls, about 100 miles away. Homes run the gamut from the early 1900s through the 2000s. Ranch-style homes fill the space between American Foursquares and folk-style homes along the central gridded streets, while the newest subdivisions and developments in progress are on the outskirts of town. Iowa Department of Public Safety data shows that both crimes against people and property crimes spiked in 2020, but overall trended upward by 5.8 percent and downward by 30 percent respectively between 2019 and 2023.

Older Spencer homes have so much character and charm.
Older Spencer homes have so much character and charm.
Modern and contemporary homes give Spencer residents new housing options.
Modern and contemporary homes give Spencer residents new housing options.
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Art Deco downtown and big box shopping

Many downtown Spencer storefronts were rebuilt in the Art Deco style following a fire in 1931. The area is now on the National Register of Historic Places. A Kwik Star convenience store arrived in 2024, joining other regional and national chains. “Our shopping mall got wiped out in the flood, though the theater is back open,” Sebastian says. “We’re blessed to have a pretty good-sized Menards and a few anchor businesses in town. My son and I own a little car wash, we perk along in our little community.”

Downtown Spencer includes many Art-Deco style buildings that were built after a huge fire in the 1930s.
Downtown Spencer includes many Art-Deco style buildings that were built after a huge fire in the 1930s.
Menards is one of several large stores that makes shopping convenient for Spencer residents.
Menards is one of several large stores that makes shopping convenient for Spencer residents.
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Over 400 acres of Spencer Parks & Recreation

The 12-mile Spencer Recreational Trail bridges the Little Sioux and connects many hotspots within the city’s park system. At the center is East Leach Park, where a campground and shelter house a large playground, skatepark and tree-canopied band shell. Lakefront recreation at Stolley Park is alongside an 18-hole course at Spencer Golf and Country Club, and Spencer Public Library cut the ribbon on its Musical Garden in 2024. A statue in the library depicts Dewey Readmore Books, an adopted cat who served as staff supervisor until his passing in 2006. His legacy is immortalized in public art throughout the city and national bestseller, “Dewey: The Small-Town Library Cat Who Touched the World.”

Paved trails follow the Little Sioux River through the heart of Spencer.
Paved trails follow the Little Sioux River through the heart of Spencer.
Dewey Readmore Books was a famous library cat that took the world by storm in the 1980s and 90s.
Dewey Readmore Books was a famous library cat that took the world by storm in the 1980s and 90s.
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From grade school to higher education in Spencer

The Spencer Community School District scores a B-minus rating from Niche. Public school students attend five schools between prekindergarten to 12th grade. “Our high school offers college credit courses as soon as sophomore or junior year, cost-free,” Sebastian says. “Open enrollment is a thing too because we’re a rural area. Kids from outlying communities drive themselves, but buses go around and pick them up as well.” Iowa Lakes Community College also operates a campus out of Spencer.

Spencer High School is known for academic excellence and athletic success.
Spencer High School is known for academic excellence and athletic success.
Iowa Lake Community College has a small campus on the north side of Spencer.
Iowa Lake Community College has a small campus on the north side of Spencer.
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Getting around Spencer and beyond

U.S. Routes 71 and 18 intersect in Spencer, and it’s over 100 miles to major metropolitan areas. Most drive to work or to do errands, though folks can schedule bus pickup through Rides, a nonprofit regional transit system. “We have a regional airport in town big enough to land a (Boeing) 727 on,” Sebastian says. “You’ll see Learjets and turboprops popping in. The community college has an aviation program to help students become pilots. But if you needed to get on a big plane and go somewhere, you’d do that out of either Des Moines or Sioux Falls.”

County fair is largest in Iowa and among nation's biggest

“We’re a designated Flag City, and every year the second weekend in June, the city fills with hundreds, if not thousands of flags,” Sebastian says. The Clay County Fair is both the largest of its kind in Iowa and one of the largest in the United States, stretching over nine days. Live music on the grandstand overlooks ferris wheel, vendors and a massive agricultural expo.

Emma Downes
Written By
Emma Downes
Drew Davis
Photography Contributed By
Drew Davis
Matt Pangman
Video By
Matt Pangman

Interested in learning more about homes in this area? Reach out to Nick Bjornstad, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Spencer Housing Trends

Housing Trends

Median List Price
$174,900
Median Sale Price
$169,900
Median Single Family Sale Price
$145,500
Median 2 Bedroom Sale Price
$55,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
41
Median Home Sale Price YoY Change
-19%
Average Price Per Sq Ft
$114

Area Facts

Number of Homes for Sale
2
Months of Supply
0.60

Open Houses

  • Saturday, Aug 23
    Open Sat 12PM - 1PM

    209 Southmoor Dr, Spencer, IA 51301

    $150,000

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft
    • 209 Southmoor Dr
    • New 19 days ago

    Opportunity knocks! This 3-bedroom home offers a solid main floor that's move-in ready, with the potential for a 4th bedroom or office, and additional half bath in the unfinished lower level--perfect for anyone looking to build equity and customize to their taste. Major updates already completed include a brand new HVAC system, water heater, exterior electrical service panel, interior electrical

    Nicole Nimke EXIT Realty Midwest- Spencer/Emmetsburg

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Spencer Has More Owners

Demographics

Total Population
11,806
Median Age
42
Population under 18
24.4%
On par with the national average
23.8%
Population over 65
23.1%
On par with the national average
19.1%

Finances

Median Household Income
$47,906
Significantly below the national average
$71,702
Average Household Income
$67,894

Education and Workforce

High School Graduates
95.7%
Above the national average
89.1%
College Graduates
24.9%
Below the national average
34.1%
Advanced Degrees
7.9%
% Population in Labor Force
67%

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

21 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Spencer
Nick Bjornstad
Stauss Realty
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