Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spencerville area can be challenging. Home prices in Spencerville are now at a median cost of $239,638, higher than the Indiana average of $175,617.
The average cost of rent is $959/mo in Spencerville, primarily driven by the current value of real estate in the Spencerville area. While nearly 35.47% of residents own their homes outright in Spencerville, 3.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencerville is $6,633 per month. Households that rent pay about 14.45% of their income on rent here. Spencerville's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- St. Joe, IN: less expensive homes
- Grabill, IN: less expensive homes
- Harlan, IN: less expensive homes
- Leo-Cedarville, IN: equally priced homes
- Leo, IN: equally priced homes
- Auburn Junction, IN: less expensive homes
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- Milan Center, IN: less expensive homes
- St. Johns, IN: less expensive homes
- Auburn, IN: less expensive homes
Cities with Similar Populations
- Fairfax, VT: higher priced homes
- Montegut, LA: less expensive homes
- Runaway Bay, TX: equally priced homes
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- Wagener, SC: less expensive homes
- Walnut, MS: less expensive homes
- Waynesville, GA: less expensive homes
- West Orange, TX: less expensive homes
- Jacksons' Gap, AL: higher priced homes
- Garner, IA: less expensive homes
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