Commercial Real Estate Market in Spencer, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 116 off-market properties in Spencer, OK.
Market Trends
Spencer, OK spans 18.0 square miles in Oklahoma County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Spencer, OK asks $138/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Spencer, OK asks $108/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Spencer, OK runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Spencer, OK asks $154/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.7%
- Agricultural 17.7%
- Commercial 10.8%
- Industrial 3.9%
Largest Zones share of zoned land by district
One Family Residential District
Suburban Agricultural District
General Commercial District
Restricted Industrial District
Single Family Manufactured Home District
Spencer, OK zones 3,453 acres across 6 districts. Commercial zoning covers 10.8% of zoned land, residential 67.7% and industrial 3.9%. The largest single district is One Family Residential District at 65.7%. For commercial buyers the practical constraint is that only 14.7% of land carries a commercial or industrial designation.
One Family Residential District (R-1)
Sec. 44-204. - R-1 Single-Family Dwelling District-General description. The principal use of land is for single-family dwellings and related recreational, religious and educational facilities normally required to provide an orderly and attractive residential area. These residential areas are intended to be defined and protected from encroachment of uses whic…
Market overview
Demographics & Economy
Spencer, OK has 6,595 residents in 2,978 households. Density runs 367 people per square mile. Median household income here is $54,694 and median gross rent $873 a month.
6,595
Population
2,978
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
88%
High-School Grad
18 sq mi
ZIP Area
367
Density / Sq Mi
$54,694
Median Household Income
$35,400
Median Earnings
$873
Median Rent
$115,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nicoma Park | — | — |
| Jones | — | — |
| Choctaw | — | $4.90 |
| Lake Aluma | — | — |
Commercial property in Spencer, OK asks $40/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spencer?
Commercial property in Spencer, OK asks an average of $40 per square foot. The 3 most recent recorded sales traded at a median of $150/SF. Multifamily carries the highest asking price at $154/SF.
What zoning applies to commercial property in Spencer?
Spencer, OK zones 3,453 acres across 6 districts, of which 10.8% is commercial and 3.9% industrial. The largest single district is One Family Residential District at 65.7% of zoned land. Sec. 44-204. - R-1 Single-Family Dwelling District-General description. The principal use of land is for single-family dwellings and related recreational, religious and educational facilities normally required to provide an orderly and attractive residential area. These residential areas are intended to be defined and protected from encroachment of uses whic… Residential zoning covers 67.7% and open space 0%.
Where does Realmo's Spencer market data come from?
Realmo compiles Spencer, OK figures from 3 recent recorded sales, 26 active sale listings, 116 tracked off-market properties, the current Spencer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Spencer, OK. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,453 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
