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These days, finding an affordable place to live in the Spicer area can be challenging. Home prices in Spicer are now at a median cost of $356,148, higher than the Minnesota average of $345,793.
The average cost of rent is $845/mo in Spicer, primarily driven by the current value of real estate in the Spicer area. In Spicer, 16.14% of households rent, and 44.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spicer is $8,448 per month. Households that rent pay about 10.00% of their income on rent here. Spicer’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New London, MN: equally priced homes
- Kandiyohi, MN: less expensive homes
- Hawick, MN: equally priced homes
- Pennock, MN: equally priced homes
- Willmar, MN: less expensive homes
- Atwater, MN: less expensive homes
- Georgeville, MN: less expensive homes
- Grove City, MN: less expensive homes
- Regal, MN: less expensive homes
- Sunburg, MN: less expensive homes
Cities with Similar Populations
- Scotts, MI: less expensive homes
- Roosevelt Park, MI: less expensive homes
- Conestoga, PA: less expensive homes
- Conowingo, MD: equally priced homes
- Constantine, MI: less expensive homes
- Idyllwild-Pine Cove, CA: higher priced homes
- Cooperstown, NY: less expensive homes
- Ignacio, CO: equally priced homes
- Corfu, NY: less expensive homes
- Monroe, IN: less expensive homes
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