The housing market in Spencer Brook, MN is a desirable place to live. The median value of homes in Spencer Brook is $414,500, which is significantly higher than the US median value of $338,100. Over the course of one year, the US housing appreciation rate was 8.27%, while in Spencer Brook it was 6.77%. Although this rate was slightly lower than the national average, it still indicates a healthy and growing market for potential buyers and investors.
The median home cost in Spencer Brook is $414,500. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Spencer Brook is up 11.4%.
Average Age of Homes
- The median age of Spencer Brook real estate is 38 years old
The Rental Market in Spencer Brook
- Renters make up 3.4% of the Spencer Brook population
- 0.0% of houses and apartments in Spencer Brook, 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.