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 $106,838, lower than the Virginia average of $323,261.
The average cost of rent is $634/mo in Spencer, primarily driven by the current value of real estate in the Spencer area. While nearly 64.16% of residents own their homes outright in Spencer, 22.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer is $3,567 per month. Households that rent pay about 17.78% of their income on rent here. Spencer's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Stella, VA: equally priced homes
- Horse Pasture, VA: less expensive homes
- Preston, VA: less expensive homes
- Chestnut Knob, VA: equally priced homes
- Critz, VA: less expensive homes
- Koehler, VA: less expensive homes
- Nettleridge, VA: higher priced homes
- Fieldale, VA: less expensive homes
- Ridgeway, VA: equally priced homes
- Sanville, VA: less expensive homes
Cities with Similar Populations
- Bath, NC: higher priced homes
- Battle Creek, NE: higher priced homes
- New Salem, PA: less expensive homes
- Rheasville, NC: less expensive homes
- Randall, MN: higher priced homes
- Ralls, TX: less expensive homes
- Pondville, AL: equally priced homes
- Pine Prairie, LA: higher priced homes
- Pilot Rock, OR: higher priced homes
- Philo, OH: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood