Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spencers Mill area can be challenging. Home prices in Spencers Mill are now at a median cost of $269,634, higher than the Tennessee average of $218,916.
The average cost of rent is $1,098/mo in Spencers Mill, primarily driven by the current value of real estate in the Spencers Mill area. While nearly 41.92% of residents own their homes outright in Spencers Mill, 11.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencers Mill is $5,507 per month. Households that rent pay about 19.94% of their income on rent here. Spencers Mill's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- East Side, TN: less expensive homes
- Bon Aqua, TN: less expensive homes
- Tidwell, TN: less expensive homes
- Burns, TN: equally priced homes
- Fairview, TN: equally priced homes
- Craigfield, TN: equally priced homes
- Lyles, TN: less expensive homes
- Craggie Hope, TN: equally priced homes
- Wrigley, TN: less expensive homes
- Pomona, TN: less expensive homes
Cities with Similar Populations
- Reedtown, OH: less expensive homes
- North Shapleigh, ME: less expensive homes
- Norton, TX: less expensive homes
- Novice, TX: less expensive homes
- O'neil, MI: less expensive homes
- Olivet, IA: less expensive homes
- Omar, NY: less expensive homes
- Orbit, VA: less expensive homes
- Ramona, MI: less expensive homes
- Ramsey, AR: less expensive homes
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