Home prices
Spencer's median home price is $95,500. Compared to the surrounding areas this is about $8,840 (10%) higher.It is approximately $122,000 (56%) lower compared to the nation as a whole, and is about $105,200 (52%) lower in comparison to the city of Bloomington.
Rents
Spencer's median monthly rent is $665. This is roughly $68 (11%) higher compared to other places in this area.In comparison to the rest of the nation it is about $397 (37%) lower, and is approximately $252 (27%) lower compared to the city of Bloomington.
Nearby places
Stinesville
Stinesville is roughly 5 miles east from Spencer. Housing prices there are a little less expensive. The value of the median home in Stinesville is $75,000, which is $20,500 (27%) lower than Spencer. Its rents are significantly less expensive. The median rent in Stinesville is $290 per month, which is $375 (129%) lower than Spencer.
Gosport
Gosport is about 6 miles northeast from Spencer. The housing prices there are somewhat less expensive. The median home in Gosport is valued at $79,100, which is $16,400 (20%) lower than Spencer. Rent there is pretty similar. In Gosport the median monthly rent is $656, which works out to $9 (1%) lower than Spencer.
Ellettsville
Ellettsville is roughly 7 miles southeast of Spencer. The housing prices there are somewhat more expensive. The median home in Ellettsville is valued at $137,200, which works out to $41,700 (30%) higher than Spencer. Its rents are similar. The median monthly rent in Ellettsville is $684, which comes out to $19 (2%) higher than Spencer.
Paragon
Paragon is about 12 miles northeast from Spencer. The real estate prices there are a lot less expensive. The median home in Paragon is valued at $72,200, which comes out to $23,300 (32%) lower than Spencer. Rent there is somewhat more expensive. In Paragon the median rent is $773 per month, which comes out to $108 (13%) higher than Spencer.
Worthington
Worthington is roughly 14 miles southwest of Spencer. Its real estate prices are significantly less expensive. The median home in Worthington costs $69,800, which works out to $25,700 (36%) lower than Spencer. Rent there is a little less expensive. Worthington's median monthly rent is $584, which is $81 (13%) lower than Spencer.
