Zip 14883 (Spencer, NY) Housing

The housing median value in 14883 Spencer, NY is $175,500 which is significantly lower than the US House Median Value of $338,100. However, the 1 year house appreciation rate in this area is 7.27%, which is only slightly lower than the US average of 8.27%. This suggests that despite the lower median value, housing prices are steadily increasing in Spencer, NY and may be a good investment for those looking to buy into the area.

The median home cost in Spencer (zip 14883) is $175,500. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Spencer (zip 14883) is up 12.7%.

Average Age of Homes

- The median age of Spencer (zip 14883) real estate is 45 years old

The Rental Market in Spencer (zip 14883)

- Renters make up 19.5% of the Spencer (zip 14883) population
- 1.1% of houses and apartments in Spencer (zip 14883), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spencer, New York	United States
	2,011.0	139,647,020.0
	43	42
	$175,500	$338,100
	12.7%	16.6%
	38.9%	57.0%
	52.4%	101.1%
	$23.60	$10.98
	$3,698	$2,690
	73.2%	57.4%
	6.6%	11.2%
	20.1%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	3.8%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	9.3%	2.4%
	4.1%	2.8%
	2.1%	3.9%
	8.0%	4.5%
	22.5%	11.3%
	20.4%	13.0%
	17.8%	20.1%
	11.5%	13.6%
	2.1%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	1.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	15.0%	13.6%
	19.2%	13.2%
	14.7%	14.8%
	15.0%	13.6%
	5.6%	10.0%
	2.1%	4.7%
	26.8%	12.2%

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