The housing market in 51301 Spencer, IA is hot! The median value of a home in the area is $165,000 which is significantly lower than the national median value of $338,100. Furthermore, the one year appreciation rate of homes in 51301 Spencer, IA is 11.61%, higher than the national rate of 8.27%. This means that now is a great time to buy a home in Spencer as not only are prices low but they are also likely to appreciate over time.
The median home cost in Spencer (zip 51301) is $165,000. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Spencer (zip 51301) is up 15.1%.
Average Age of Homes
- The median age of Spencer (zip 51301) real estate is 53 years old
The Rental Market in Spencer (zip 51301)
- Renters make up 25.0% of the Spencer (zip 51301) population
- 3.2% of houses and apartments in Spencer (zip 51301), 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.