Spencer, WV is a small town with an affordable housing market. The median value of houses in Spencer is $96,700, which is far lower than the US median house value of $338,100. Over the past year, house appreciation in Spencer has been 10.05%, while the US as a whole saw 8.27% appreciation. This makes Spencer an attractive option for those looking to purchase real estate, as they can get more bang for their buck when it comes to property values increasing over time.
The median home cost in Spencer is $96,700. Home appreciation the last 10 years has been 38.9%. Home Appreciation in Spencer is up 11.0%.
Average Age of Homes
- The median age of Spencer real estate is 62 years old
The Rental Market in Spencer
- Renters make up 35.0% of the Spencer population
- 2.6% 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.