Zip 24165 (Spencer, VA) Housing

The housing in 24165 Spencer, VA is highly valued. The median value for houses in the area is $119,200, which is substantially lower than the US house median value of $338,100. Although this may make houses in Spencer more affordable, the 1 year house appreciation rate of 15.80% is much higher than the US median rate of 8.27%. This indicates that homes in 24165 Spencer are increasing quickly in value and may soon approach or exceed the national median.

The median home cost in Spencer (zip 24165) is $119,200. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Spencer (zip 24165) is up 15.8%.

Average Age of Homes

- The median age of Spencer (zip 24165) real estate is 44 years old

The Rental Market in Spencer (zip 24165)

- Renters make up 14.0% of the Spencer (zip 24165) population
- 0.0% of houses and apartments in Spencer (zip 24165), 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, Virginia	United States
	732.0	139,647,020.0
	39	42
	$119,200	$338,100
	15.8%	16.6%
	48.0%	57.0%
	55.9%	101.1%
	$5.77	$10.98
	$677	$2,690
	57.7%	57.4%
	21.7%	11.2%
	20.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.0%	0.7%
	1.1%	0.4%
	5.7%	3.6%
	11.9%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	1.7%	2.4%
	5.7%	2.8%
	11.8%	3.9%
	15.9%	4.5%
	34.1%	11.3%
	12.8%	13.0%
	5.0%	20.1%
	0.0%	13.6%
	5.5%	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%
	19.5%	13.6%
	19.5%	13.6%
	14.8%	13.6%
	19.5%	13.2%
	15.7%	14.8%
	14.8%	13.6%
	8.7%	10.0%
	0.0%	4.7%
	6.0%	12.2%

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