Spencerville, OH has a median housing value of $155,500, significantly lower than the US House Median Value of $338,100. Despite this gap in median house values, Spencerville has seen similar house appreciation to the rest of the country with an increase of 8.69% in one year. This rate is just slightly higher than the US 1 year House Appreciation rate of 8.27%. This means that despite having lower median housing prices than the rest of the country, Spencerville homeowners are still seeing their properties appreciate in value.
The median home cost in Spencerville is $155,500. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Spencerville is up 11.9%.
Average Age of Homes
- The median age of Spencerville real estate is 63 years old
The Rental Market in Spencerville
- Renters make up 29.0% of the Spencerville population
- 3.8% 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.