Expensive
Affordable
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 $183,393, lower than the New York average of $610,895.
The average cost of rent is $1,171/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. In Spencer, 23.16% of households rent, and 49.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $6,012 per month. Households that rent pay about 19.47% of their income on rent here. Spencer’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Spencer, NY: equally priced homes
- Van Etten, NY: less expensive homes
- West Candor, NY: equally priced homes
- South Danby, NY: higher priced homes
- Willseyville, NY: less expensive homes
- West Danby, NY: higher priced homes
- Candor, NY: less expensive homes
- Straits Corners, NY: less expensive homes
- Lockwood, NY: less expensive homes
- Danby, NY: higher priced homes
Cities with Similar Populations
- Seymour, TX: less expensive homes
- Lucerne, CA: higher priced homes
- Medinah, IL: higher priced homes
- Big Sky, MT: higher priced homes
- Monroe City, MO: less expensive homes
- Morenci, MI: less expensive homes
- Naches, WA: higher priced homes
- Narragansett Pier, RI: higher priced homes
- Rapid City, MI: higher priced homes
- Millersburg, OR: higher priced homes
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