The housing in Spencer, TN is quite affordable compared to the median home value across the United States. The median home value in Spencer is $165,000, compared to the US house median value of $338,100. In the last year, houses in Spencer have appreciated significantly more than the national average - 19.24% compared to 8.27%. This bodes well for those looking to buy a home here and take advantage of this appreciation. Spencer is an attractive location for those looking for an affordable place to call home.
The median home cost in Spencer is $165,000. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Spencer is up 25.2%.
Average Age of Homes
- The median age of Spencer real estate is 42 years old
The Rental Market in Spencer
- Renters make up 17.5% of the Spencer population
- 5.6% 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.