45887 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Allen County
Centroid: Latitude 40.721, Longitude -84.345
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 45887 has segments in 4 Counties (Allen, Auglaize, Mercer, Van Wert).

Businesses Addresses: 90
PO Box Addresses: 22
Residential Addresses: 1,831

Multi-Family Addresses: 38
Single Family Addresses: 1,793

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Spencerville, OH 45887 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	4,823 (100%)
Population in Households	4,774 (99.0%)
Population in Families	4,087 (84.7%)
Population in Group Quarters¹	49 ( 1.0%)
Population Density	65
Diversity Index²	8


INCOME
Median Household Income	$55,393
Average Household Income	$72,474
% of Income for Mortgage⁴	10%
Per Capita Income	$27,375
Wealth Index⁵	75

HOUSING
Total HU (Housing Units)	1,961 (100%)
Owner Occupied HU	1,450 (73.9%)
Renter Occupied HU	371 (18.9%)
Vacant Housing Units	140 ( 7.1%)
Median Home Value	$129,688
Average Home Value	$178,672
Housing Affordability Index³	259

HOUSEHOLDS
Total Households	1,821
Average Household Size	2.62
Family Households	1,339
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Spencerville, OH 45887 - Peer Comparisons by Rank and Percentile

The table below compares 45887 to the other 1,158 ZIP Codes in Ohio by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.02%	-0.31%
Households	0.05%	-0.28%
Families	-0.13%	-0.39%
Median Household Income		2.08%
Per Capita Income		2.4%
Owner Occupied HU		-0.28%

Variable Description	Rank	Percentile
Total Population	# 546	53rd
Population Density	# 885	24th
Median Household Income	# 602	48th
Housing Affordability Index	# 847	73rd
Per Capita Income	# 613	47th
Diversity Index	# 819	30th

Spencerville, OH 45887 ZIP Code Profile

ZIP Code 45887: Basic Data & USPS Preferred City Name

Spencerville, OH 45887 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Spencerville, OH 45887 - Peer Comparisons by Rank and Percentile

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