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 $622,600, higher than the Maryland average of $357,815.
The average cost of rent is $2,035/mo in Spencerville, primarily driven by the current value of real estate in the Spencerville area. While nearly 24.70% of residents own their homes outright in Spencerville, 11.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencerville is $8,090 per month. Households that rent pay about 25.15% of their income on rent here. Spencerville's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Cloverly, MD: less expensive homes
- Ashton, MD: equally priced homes
- Sandy Spring, MD: equally priced homes
- Burtonsville, MD: less expensive homes
- Fairland, MD: less expensive homes
- Colesville, MD: less expensive homes
- Highland, MD: higher priced homes
- Fulton, MD: higher priced homes
- Brinklow, MD: higher priced homes
- Calverton, MD: less expensive homes
Cities with Similar Populations
- Rich Pond, KY: less expensive homes
- Molino, MO: less expensive homes
- Mongo, IN: less expensive homes
- Monroe Mills, OH: less expensive homes
- Montezuma, NY: less expensive homes
- Mooreville, TX: less expensive homes
- Moose, WY: higher priced homes
- Relampago, TX: less expensive homes
- Rella, KY: less expensive homes
- Revere, MO: less expensive 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