The housing market in Spencer, MI is very healthy. The median value of a house is $239,700, which is slightly lower than the national average of $338,100. The US has seen a 1 year appreciation rate of 8.27%, while Spencer, MI has seen an even higher appreciation rate of 12.53%. Thus, the housing market in Spencer, MI is strong and has seen excellent growth over the past year.
The median home cost in Spencer is $239,700. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Spencer is up 16.2%.
Average Age of Homes
- The median age of Spencer real estate is 33 years old
The Rental Market in Spencer
- Renters make up 5.7% of the Spencer population
- 0.0% 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.