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 $108,634, lower than the Tennessee average of $218,916.
The average cost of rent is $783/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. While nearly 61.72% of residents own their homes outright in Spencer, 18.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $4,159 per month. Households that rent pay about 18.83% of their income on rent here. Spencer's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Sampson, TN: equally priced homes
- Dodson, TN: equally priced homes
- Cummingsville, TN: higher priced homes
- Mount Crest, TN: equally priced homes
- Sparkman, TN: higher priced homes
- River Hill, TN: higher priced homes
- Welchland, TN: equally priced homes
- Emery Mill, TN: higher priced homes
- Lost Creek, TN: higher priced homes
- Pikeville, TN: higher priced homes
Cities with Similar Populations
- Clarkdale, AZ: higher priced homes
- Colquitt, GA: equally priced homes
- Cogan Station, PA: higher priced homes
- Cloverdale, IN: higher priced homes
- Clinton, AR: equally priced homes
- Clifton, TX: higher priced homes
- Clifton Springs, NY: equally priced homes
- Clifton Forge, VA: less expensive homes
- Cleveland, NC: higher priced homes
- Clearwater, MN: higher priced homes
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