Spencer, MN is an area with a high housing median value of $229,600 compared to the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, however Spencer, MN has seen an even higher appreciation rate of 12.38%. This means that in the past year alone the housing values in Spencer have increased significantly and homeowners are seeing a great return on their investment. With such impressive numbers it's no wonder why many people are looking to purchase homes in this area.
The median home cost in Spencer is $229,600. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Spencer is up 20.4%.
Average Age of Homes
- The median age of Spencer real estate is 31 years old
The Rental Market in Spencer
- Renters make up 3.1% 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.