Home prices
The median home in Spencerville is valued at $137,200. It is roughly $12,240 (8%) lower compared to its surrounding areas.It is roughly $80,300 (36%) lower in comparison to the nation as a whole, and compared to the city of Farmington it is roughly $49,600 (26%) lower.
Rents
Spencerville's median rent is $1,279 a month. It is approximately $359 (38%) higher in comparison to its nearby areas.Compared to the country as a whole it is approximately $217 (20%) higher, and in comparison to the city of Farmington is about $411 (47%) higher.
Nearby places
Aztec
Aztec is Spencerville's neighbor to the east. The housing prices there are a little more expensive. The median home in Aztec is valued at $155,300, which works out to $18,100 (11%) higher than Spencerville. Rent there is a lot less expensive. Aztec's median rent is $781 a month, which is $498 (63%) lower than Spencerville.
North Light Plant
North Light Plant is roughly 3 miles north from Spencerville. Its real estate prices are somewhat less expensive. North Light Plant's median home price is $127,600, which comes out to $9,600 (7%) lower than Spencerville. Rents there are somewhat less expensive. North Light Plant's median rent is $1,125 per month, which is $154 (13%) lower than Spencerville.
Bloomfield
Bloomfield is about 6 miles southeast from Spencerville. Real estate prices there are somewhat more expensive. Bloomfield's median home cost is $149,200, which is $12,000 (8%) higher than Spencerville. The rent there is significantly less expensive. The median monthly rent in Bloomfield is $760, which works out to $519 (68%) lower than Spencerville.
Lee Acres
Lee Acres is roughly 7 miles south from Spencerville. The real estate prices there are somewhat more expensive. The median home price in Lee Acres is $148,700, which is $11,500 (7%) higher than Spencerville. Its rents are substantially less expensive. In Lee Acres the median monthly rent is $890, which is $389 (43%) lower than Spencerville.
West Hammond
West Hammond is approximately 9 miles south from Spencerville. Housing prices there are a bit more expensive. The median home in West Hammond is valued at $166,400, which works out to $29,200 (17%) higher than Spencerville. The rent there is a bit less expensive. In West Hammond the median monthly rent is $1,045, which is $234 (22%) lower than Spencerville.
