Spencer, ID is a great place to invest in housing. The median value of houses in the area is $160,700, much lower than the median value of $338,100 for US houses overall. The US housing appreciation rate of 8.27% over the last year is also slightly higher than Spencer, ID's 7.88%, showing that there are some good deals to be had in this area. With an appreciation rate close to the national average and a median price lower than the average, investing in a house in Spencer, ID could be a great option for those looking to buy their first home or expand their real estate portfolio.
The median home cost in Spencer is $160,700. Home appreciation the last 10 years has been 166.7%. Home Appreciation in Spencer is up 16.8%.
Average Age of Homes
- The median age of Spencer real estate is 25 years old
The Rental Market in Spencer
- Renters make up 0.0% 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.