Living in Spencerville, Maryland
Cost of living, income, home prices, rent and demographics of Spencerville · Census data 2020–2024
Spencerville has 1,028 residents with a median age of 44.7. The median household income is $189,766 (83% higher than the Maryland median), the median home value is $626,900.
Spencerville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Spencerville at a glance
- Population
- 1,028
- Median age
- 44.7State: 39.4
- Median household income
- $189,766State: $103,678
- Median home value
- $626,900State: $419,900
- Homeowners
- 100%
- Bachelor's degree or higher
- 47.2%
- Average commute
- 46 min
Is Spencerville a good place to live?
Pros: Median household income 83% higher than the Maryland median; a poverty rate of 8.7%.
Cons: Home values 49% higher than the state median; an average commute of 46 minutes.
The weather is best in May and August to October.
Cost of living in Spencerville
Housing is the biggest part of the cost of living. In Spencerville the median home value is $626,900, 88% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,958 a month in housing costs.
Spencerville median household income
The median household income in Spencerville is $189,766 and the income per person is $66,064. 8.7% of residents live below the poverty line (Maryland: 9.4%).
Housing in Spencerville: homes for sale and rent
- Housing units
- 456
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 21.3%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.85
Spencerville demographics
- Population
- 1,028
- Median age
- 44.7
- Under 18
- 12.9%
- 65 and older
- 22.6%
- Households
- 359
- Foreign-born
- 24.1%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Spencerville ›
Education in Spencerville
47.2% of adults 25 and older in Spencerville have a bachelor's degree or higher (Maryland: 43.4%), and 12.5% have a graduate or professional degree.
Jobs and commute in Spencerville
- Unemployment rate
- 0%State: 4.9%
- Average commute
- 46 minState: 31 min
- Work from home
- 21.7%
- Drive alone
- 49.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 96.1%
Spencerville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spencerville | 1,028 | $189,766 | $626,900 | — |
| Cloverly | 16,646 | $152,083 | $665,300 | $2,129 |
| Ashton-Sandy Spring | 5,630 | $174,063 | $809,200 | $1,369 |
| Burtonsville | 10,203 | $134,276 | $488,800 | $2,358 |
| Fairland | 26,231 | $98,800 | $477,300 | $1,894 |
| Colesville | 14,519 | $130,682 | $616,800 | $1,893 |
| Layhill | 5,497 | $146,308 | $608,000 | $2,189 |
| Fulton | 5,677 | $222,039 | $913,100 | $3,074 |
| Calverton | 17,624 | $107,381 | $477,100 | $2,164 |
More for people moving to Spencerville
Spencerville ZIP code ›Weather and climate ›Living in Spencerville: FAQ
What is the median household income in Spencerville, MD?
The median household income in Spencerville is $189,766, 83% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Spencerville?
The median home value in Spencerville is $626,900, compared with $419,900 in Maryland.
Is Spencerville, MD a good place to live?
Pluses: median household income 83% higher than the Maryland median; a poverty rate of 8.7%. Minuses: home values 49% higher than the state median; an average commute of 46 minutes.
What is the median age in Spencerville?
The median age in Spencerville is 44.7 years (Maryland: 39.4).
How long is the commute in Spencerville?
The average commute to work in Spencerville is 46 minutes; 21.7% of workers work from home.
What is the unemployment rate in Spencerville?
The unemployment rate in Spencerville is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spencerville?
47.2% of adults in Spencerville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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