Spencer, WV
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Spencer short-term rental market based on reliable data.
Listings
41 / 80
Reliable / Active
Cap Rate
14%
Middle-Earners Gross Yield
Revenue
$15,666
Middle-Earners Revenue
Occupancy
60%
Middle-Earners Occupancy
Home Value
$109,709
Median Home Sale Price
Top Earners
$29,553
Top-Earners Revenue
Spencer
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Spencer.
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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.
Local STR Agent
STR specialist · Spencer, WV
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.