Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spencer area can be challenging. Home prices in Spencer are now at a median cost of $119,770, lower than the Louisiana average of $194,522.
The average cost of rent is $844/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. While nearly 46.77% of residents own their homes outright in Spencer, 0.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $4,673 per month. Households that rent pay about 18.05% of their income on rent here. Spencer's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Rocky Branch, LA: equally priced homes
- Wall Lake, LA: higher priced homes
- Linville, LA: equally priced homes
- Sterlington, LA: higher priced homes
- Haile, LA: less expensive homes
- Point, LA: equally priced homes
- Fowler, LA: higher priced homes
- Marion, LA: less expensive homes
- Farmerville, LA: less expensive homes
- Downsville, LA: higher priced homes
Cities with Similar Populations
- Ruckersville, GA: higher priced homes
- Myers, NY: higher priced homes
- Nanticoke, MD: higher priced homes
- Nat, TX: higher priced homes
- Navarino, WI: higher priced homes
- Navarro, CA: higher priced homes
- Neals Corner, OH: higher priced homes
- Neibert, WV: higher priced homes
- Nellie, OH: higher priced homes
- Rockleigh, NJ: higher priced homes
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