Spencer / Craig, VA

Neighborhood

Rent in Spencer / Craig

Median Gross Rent

$1,033

Rent-to-Income Ratio

33.0%

Renter Share

17.5%

Median Renter Income

$19,821

Avg Household Size

1.7

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 31.6%
$1,000-$1,500: 38.3%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 30.1%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 2.0%
20-30% (moderate): 7.1%
30-50% (cost-burdened): 30.6%
50%+ (severely cost-burdened): 14.8%
Not Computed: 45.4%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $68,315
Renter Households: $19,821

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 69.9%
$1,000-$1,500: 0.0%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 30.1%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Spencer / Craig

Neighborhood

Henry, VA

Dillons Fork / Blackberry

Old Well Crossing / Lakewood Forest

Critz / Patrick Springs

Five Forks / Sheppards Mill