Spencer, WV

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Spencer short-term rental market based on reliable data.

Listings

49 / 84

Reliable / Active

Cap Rate

16%

Middle-Earners Gross Yield

Revenue

$17,290

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$110,866

Median Home Sale Price

Top Earners

$31,495

Top-Earners Revenue

Spencer

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Spencer.

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C

Challenging to Investors

Spencer Regulations

STRs appear legally permissible under general zoning, but the complete absence of specific STR regulations creates significant uncertainty for investors. No clear permitting requirements, costs, caps, or enforcement guidelines are provided, requiring extensive due diligence and direct consultation with city authorities before proceeding.

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About Spencer

Spencer is a city in and the county seat of Roane County, West Virginia, United States. Originally known as "California," Spencer was chartered in 1858, and named after Spencer Roane (1762–1822), a distinguished jurist from Virginia, who served on the Virginia Supreme Court of Appeals, and for whom Roane County was named. The population was 2,062 at the 2020 census. Spencer is the home of the annual West Virginia Black Walnut Festival. Points of interest include Charles Fork Lake, Chrystal Water and Power Company-Spencer Water and Ice Company, the McIntosh Mansion, and the Robey Theatre.

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