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 $292,926, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,259/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. While nearly 36.66% of residents own their homes outright in Spencer, 37.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $6,245 per month. Households that rent pay about 20.15% of their income on rent here. Spencer's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- South Spencer, MA: higher priced homes
- Lower Wire Village, MA: higher priced homes
- Tafts Corner, MA: higher priced homes
- East Brookfield, MA: equally priced homes
- Leicester, MA: equally priced homes
- North Brookfield, MA: less expensive homes
- Mystic Grove, MA: higher priced homes
- Rochdale, MA: equally priced homes
- Paxton, MA: higher priced homes
- Cherry Valley, MA: equally priced homes
Cities with Similar Populations
- Chelsea, AL: less expensive homes
- Cape May, NJ: higher priced homes
- Cardiff By The Sea, CA: higher priced homes
- Carmel, CA: higher priced homes
- Carroll, IA: less expensive homes
- Carthage, MS: less expensive homes
- Carver, MA: equally priced homes
- Castle Pines North, CO: higher priced homes
- Central, SC: less expensive homes
- Chamblee, GA: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood