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Affordable
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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 $128,083, lower than the Nebraska average of $252,353.
The average cost of rent is $744/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. In Spencer, 14.52% of households rent, and 67.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $5,512 per month. Households that rent pay about 13.49% of their income on rent here. Spencer’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bristow, NE: higher priced homes
- Gross, NE: less expensive homes
- Butte, NE: less expensive homes
- Fairfax, SD: less expensive homes
- Redbird, NE: higher priced homes
- Lynch, NE: equally priced homes
- Marty, SD: higher priced homes
- Pickstown, SD: higher priced homes
- Monowi, NE: less expensive homes
- Naper, NE: less expensive homes
Cities with Similar Populations
- Nenana, AK: higher priced homes
- Ransons, VA: higher priced homes
- Randall, AR: equally priced homes
- Ralston, OK: equally priced homes
- Queen, PA: higher priced homes
- Progreso Lakes, TX: higher priced homes
- Preston, WA: higher priced homes
- Nixon, NV: equally priced homes
- Nisbet, IN: higher priced homes
- Nine Mile, IN: higher priced homes
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