Home Price Key
Affordable
Average
Expensive
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 $144,505, lower than the Georgia average of $231,203.
The average cost of rent is $787/mo in Spence, primarily driven by the current value of real estate in the Spence area. While nearly 48.21% of residents own their homes outright in Spence, 21.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spence is $5,035 per month. Households that rent pay about 15.64% of their income on rent here. Spence's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Capel, GA: less expensive 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: less expensive homes
- Parkland, OK: higher priced homes
- Pulaski, GA: less expensive homes
- Preston, MS: less expensive homes
- Prairie Home, MO: higher priced homes
- Pointe a la Hache, LA: less expensive homes
- Point Hope, AK: less expensive homes
- Plessis, NY: equally priced homes
- Pleasant Valley, GA: equally priced homes
- Plantation, KY: higher priced homes
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