Spencerville, NM has a median housing value of $183,300 which is much lower than the US median housing value of $338,100. Over the last year, the US experienced an 8.27% house appreciation but Spencerville had an even greater 15.14% house appreciation rate, indicating that now is a great time to invest in housing in this area. With an attractive price point and great potential for growth as well as beautiful scenery and recreational opportunities, investing in housing in Spencerville would be an advantageous move.
The median home cost in Spencerville is $183,300. Home appreciation the last 10 years has been 37.1%. Home Appreciation in Spencerville is up 13.4%.
Average Age of Homes
- The median age of Spencerville real estate is 30 years old
The Rental Market in Spencerville
- Renters make up 6.3% of the Spencerville population
- 3.4% of houses and apartments in Spencerville, 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.