Home prices
The value of the median home in Spencer is $114,300. In comparison to nearby areas this is approximately $19,620 (14%) lower.Compared to the country as a whole it is about $103,200 (47%) lower, and it is approximately $19,900 (21%) higher compared to the city of Syracuse.
Rents
Spencer's median monthly rent is $730. It is approximately $171 (18%) lower compared to the surrounding areas.Compared to the nation as a whole it is approximately $332 (31%) lower, and in comparison to the city of Syracuse it is roughly $84 (10%) lower.
Nearby places
Van Etten
Van Etten is roughly 2 miles southwest from Spencer. Its real estate prices are somewhat less expensive. The median home in Van Etten costs $107,800, which comes out to $6,500 (6%) lower than Spencer. Its rents are a little more expensive. In Van Etten the median monthly rent is $778, which comes out to $48 (6%) higher than Spencer.
Candor
Candor is about 7 miles east of Spencer. Its real estate prices are a lot less expensive. The median home in Candor is valued at $85,200, which comes out to $29,100 (34%) lower than Spencer. Rent there is similar. Candor's median rent is $742 per month, which comes out to $12 (1%) higher than Spencer.
Newfield Hamlet
Newfield Hamlet is roughly 10 miles northwest from Spencer. Its housing prices are somewhat more expensive. The median home in Newfield Hamlet is valued at $151,600, which works out to $37,300 (24%) higher than Spencer. Rent there is a bit more expensive. The median rent in Newfield Hamlet is $947 a month, which comes out to $217 (22%) higher than Spencer.
Owego
Owego is roughly 12 miles southeast from Spencer. The real estate prices there are somewhat less expensive. The median home in Owego is valued at $95,100, which works out to $19,200 (20%) lower than Spencer. Rent there is pretty similar. The median monthly rent in Owego is $706, which works out to $24 (3%) lower than Spencer.
South Hill
South Hill is approximately 12 miles north from Spencer. Real estate prices there are substantially more expensive. The median home cost in South Hill is $229,900, which comes out to $115,600 (50%) higher than Spencer. Rents there are a lot more expensive. The median monthly rent in South Hill is $1,332, which works out to $602 (45%) higher than Spencer.
