The housing market in Spencer, NE is quite strong. The median value of houses in Spencer is $108,400, which is significantly lower than the US median of $338,100. Despite the lower median value, the one year appreciation rate for houses in Spencer is 7.91%, marginally lower than the US house appreciation rate of 8.27%. This shows that people are increasingly looking to invest in the property market in Spencer and are confident that their investment will yield good returns. With home values still below the national average, now may be a great time to purchase a home in Spencer before prices continue to rise.
The median home cost in Spencer is $108,400. Home appreciation the last 10 years has been 94.3%. Home Appreciation in Spencer is up 16.3%.
Average Age of Homes
- The median age of Spencer real estate is 69 years old
The Rental Market in Spencer
- Renters make up 14.1% 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.