The housing market in Spencer, NC is thriving; the median value of homes in the area is $174,800, which is much lower than the US median value of $338,100. In the past year alone, home values have appreciated by 18.96%, far exceeding the 8.27% appreciation seen across the US during that same period. This shows a strong trend of growth and suggests that now may be a great time for people to invest in property in the Spencer area.
The median home cost in Spencer is $174,800. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Spencer is up 25.0%.
Average Age of Homes
- The median age of Spencer real estate is 53 years old
The Rental Market in Spencer
- Renters make up 33.3% of the Spencer population
- 2.2% 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.