Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Spence area can be challenging. Home prices in Spence are now at a median cost of $161,224, lower than the Georgia average of $324,634.
The average cost of rent is $536/mo in Spence, primarily driven by the current value of real estate in the Spence area. In Spence, 20.29% of households rent, and 47.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spence is $5,980 per month. Households that rent pay about 8.96% of their income on rent here. Spence’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Capel, GA: equally priced homes
- Pelham, GA: less expensive homes
- Meigs, GA: less expensive homes
- Ochlocknee, GA: higher priced homes
- Dawesville, GA: higher priced homes
- Vada, GA: less expensive homes
- Coolidge, GA: equally priced homes
- Hartsfield, GA: less expensive homes
- Hopeful, GA: less expensive homes
- Merrillville, GA: equally priced homes
Cities with Similar Populations
- Alba, MI: equally priced homes
- Parkland, OK: higher priced homes
- Pulaski, GA: higher priced homes
- Preston, MS: less expensive homes
- Prairie Home, MO: higher priced homes
- Pointe a la Hache, LA: equally priced homes
- Point Hope, AK: equally priced homes
- Plessis, NY: equally priced homes
- Pleasant Valley, GA: higher priced homes
- Plantation, KY: higher priced homes
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