Spencer, MA is a great place to invest in housing. The median value of housing in Spencer is $365,200, which is slightly higher than the US average of $338,100. Furthermore, the 1 year appreciation rate for houses in Spencer is 7.66%, which is just slightly lower than the US average of 8.27%. This indicates that investing in the housing market of Spencer may be a good option for those looking to gain equity over time. With its attractive prices and appreciation rates, now is a great time to buy property in Spencer!
The median home cost in Spencer is $365,200. Home appreciation the last 10 years has been 81.1%. Home Appreciation in Spencer is up 14.0%.
Average Age of Homes
- The median age of Spencer real estate is 57 years old
The Rental Market in Spencer
- Renters make up 32.4% of the Spencer population
- 1.1% of houses and apartments in Spencer, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.