Spencer Park, Decatur, IL
Spencer Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Spencer Park, Decatur, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Spencer Park Neighborhood Overview
Spencer Park is a residential neighborhood located in the northeastern part of Decatur, Illinois. It offers a quiet, suburban atmosphere within the city limits, characterized by tree-lined streets and a mix of well-maintained homes. The community provides a family-friendly environment with convenient access to local amenities.
Lifestyle & Amenities
Residents enjoy proximity to several parks and recreational facilities, including the neighborhood's namesake, Spencer Park. The area is served by nearby shopping centers and dining options along North Water Street and East Pershing Road. This convenient location balances residential tranquility with everyday necessities.
Real Estate Market
The Spencer Park housing market features affordable homeownership, with a Census median home value of $119,000. Current market data indicates an asking price per square foot of approximately $46.71. The neighborhood presents a cost-effective option within the Decatur area.
Schools & Education
Spencer Park is served by the Decatur Public Schools district. Families in the area have access to the district's range of educational programs and institutions. Prospective residents are encouraged to contact the district for specific school assignments and current performance data.
Transportation & Connectivity
The neighborhood is conveniently located near major routes like US Route 36, providing easy access to other parts of Decatur and Central Illinois. Local streets offer direct connectivity to downtown Decatur and commercial corridors. Public transportation options are available through the Decatur Public Transit System.
Why Choose Spencer Park
Spencer Park is an attractive choice for those seeking an affordable, established neighborhood with a median household income of $62,955. It offers a balanced lifestyle with its quiet streets, park access, and convenient location. The area represents a practical and value-oriented community within the city.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Spencer Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $119K |
| Median Gross Rent | $850/mo |
| Median Household Income | $63K |
| Homeownership Rate | 73.4% |
| Renter-Occupied | 26.6% |
| Rental Vacancy Rate | 10.9% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 62521 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Spencer Park, Decatur
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Spencer Park, Decatur, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-16