Zip 28159 (Spencer, NC) Housing

The housing market in 28159 Spencer, NC appears to be a prosperous one. The median value of homes in Spencer is $177,000, significantly lower than the US house median value of $338,100. However, what makes the housing market in Spencer even more attractive is the 1 year appreciation rate - it stands at 18.96%, well above the US average of 8.27%. This shows that Spencer’s real estate market is growing quickly and is a great investment opportunity for those looking to purchase property here.

The median home cost in Spencer (zip 28159) is $177,000. Home appreciation the last 10 years has been 120.1%. Home Appreciation in Spencer (zip 28159) is up 25.0%.

Average Age of Homes

- The median age of Spencer (zip 28159) real estate is 52 years old

The Rental Market in Spencer (zip 28159)

- Renters make up 35.0% of the Spencer (zip 28159) population
- 2.3% of houses and apartments in Spencer (zip 28159), 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, North Carolina	United States
	1,329.0	139,647,020.0
	58	42
	$177,000	$338,100
	25.0%	16.6%
	79.1%	57.0%
	120.1%	101.1%
	$7.98	$10.98
	$1,400	$2,690
	43.9%	57.4%
	18.3%	11.2%
	37.8%	31.4%
Vacant Housing
	2.3%	1.9%
	1.9%	0.4%
	4.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	9.2%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	0.3%	2.4%
	5.8%	2.8%
	19.9%	3.9%
	12.0%	4.5%
	25.2%	11.3%
	6.0%	13.0%
	18.0%	20.1%
	2.2%	13.6%
	5.3%	8.3%
	3.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	9.9%	13.6%
	7.4%	13.2%
	13.5%	14.8%
	9.9%	13.6%
	13.0%	10.0%
	15.1%	4.7%
	19.1%	12.2%

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