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 $230,379, higher than the North Carolina average of $226,477.
The average cost of rent is $1,033/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. While nearly 30.82% of residents own their homes outright in Spencer, 39.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $5,266 per month. Households that rent pay about 19.61% of their income on rent here. Spencer's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- East Spencer, NC: less expensive homes
- Salisbury, NC: less expensive homes
- Linwood, NC: less expensive homes
- Granite Quarry, NC: less expensive homes
- Southmont, NC: less expensive homes
- Faith, NC: less expensive homes
- Cotton Grove, NC: less expensive homes
- Barber, NC: less expensive homes
- Rockwell, NC: less expensive homes
- Woodleaf, NC: less expensive homes
Cities with Similar Populations
- Provincetown, MA: higher priced homes
- Rainbow, CA: higher priced homes
- Dalton, PA: equally priced homes
- Danbury, TX: less expensive homes
- Ragley, LA: less expensive homes
- Dannemora, NY: less expensive homes
- Ragland, AL: less expensive homes
- Darien, GA: less expensive homes
- Quincy, CA: higher priced homes
- Quaker Hill, CT: higher priced homes
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