Housing costs in Spencer?
A typical home costs
$119,200, which is 64.7% less expensive than the national average of
$338,100 and 65.3% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Spencer costs
$790 per month, which is 43.6% cheaper than the national average of
$1,400 and close to the state average of
$790.
Can I afford Spencer?
To live comfortably in Spencer (zip 24165), Virginia, a minimum annual income of
$22,680 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Spencer?
24165 Spencer, VA has a relatively low cost of living. The median home price is $86,500, which is well below the national average. Rent is also very reasonable, with the median rate for a one-bedroom apartment being $699. Food prices are also low compared to other areas in Virginia and the country as a whole. Other essentials such as gas and electricity tend to be on par with the rest of the state. All in all, 24165 Spencer, VA offers an affordable way of life for those looking for a place to settle down.