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These days, finding an affordable place to live in the Spencer Settlement area can be challenging. Home prices in Spencer Settlement are now at a median cost of $209,900, lower than the New York average of $610,895.
The average cost of rent is $925/mo in Spencer Settlement, primarily driven by the current value of real estate in the Spencer Settlement area. In Spencer Settlement, 7.58% of households rent, and 51.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spencer Settlement is $8,668 per month. Households that rent pay about 10.67% of their income on rent here. Spencer Settlement’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Westmoreland, NY: higher priced homes
- Verona, NY: equally priced homes
- Rome, NY: less expensive homes
- Vernon, NY: equally priced homes
- Verona Mills, NY: equally priced homes
- Lairdsville, NY: equally priced homes
- Walesville, NY: higher priced homes
- Stacy Basin, NY: equally priced homes
- Oriskany, NY: equally priced homes
- Vernon Center, NY: less expensive homes
Cities with Similar Populations
- Long Beach, MD: higher priced homes
- Rocky Mount, GA: higher priced homes
- Riverwood, KY: higher priced homes
- Riverside, MT: higher priced homes
- Ritchie, IL: higher priced homes
- Manokotak, AK: less expensive homes
- Manley, NE: higher priced homes
- Manifest, LA: less expensive homes
- Madry, MO: higher priced homes
- Mackey, IA: higher priced homes
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