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 $179,188, lower than the Ohio average of $181,280.
The average cost of rent is $885/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. While nearly 31.21% of residents own their homes outright in Spencer, 10.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $6,614 per month. Households that rent pay about 13.38% of their income on rent here. Spencer's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Homerville, OH: higher priced homes
- Penfield, OH: higher priced homes
- Litchfield, OH: higher priced homes
- Huntington, OH: higher priced homes
- Lodi, OH: less expensive homes
- Sullivan, OH: equally priced homes
- Wellington, OH: equally priced homes
- Westfield Center, OH: higher priced homes
- Lester, OH: higher priced homes
- West Salem, OH: less expensive homes
Cities with Similar Populations
- Blue Springs, MS: less expensive homes
- Bridgeport, AL: less expensive homes
- Brooksville, KY: less expensive homes
- Bunker Hill, IL: less expensive homes
- Canajoharie, NY: less expensive homes
- Cliffwood, NJ: higher priced homes
- Columbus, MI: higher priced homes
- Combes, TX: less expensive homes
- Conrad, MT: equally priced homes
- Culver, IN: equally priced homes
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