The housing in Spencer, NY is quite affordable compared to the US median value of $338,100. The median value in Spencer is only $188,400. Although the house appreciation rate for the US was 8.27% over the past year, Spencer saw a slightly lower rate at 7.31%. This makes Spencer an attractive option for those looking for affordable housing with potential for appreciation.
The median home cost in Spencer is $188,400. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Spencer is up 12.8%.
Average Age of Homes
- The median age of Spencer real estate is 44 years old
The Rental Market in Spencer
- Renters make up 23.3% of the Spencer population
- 1.7% 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.