Home prices
Spencer's median home cost is $98,500. It is approximately $38,020 (27%) lower compared to other places in this area.It is approximately $119,000 (54%) lower in comparison to the United States as a whole, and compared to the city of Charlotte it is about $121,800 (55%) lower.
Rents
The median monthly rent in Spencer is $926. Compared to its surrounding areas it is about $259 (38%) higher.Compared to the country as a whole it is about $136 (12%) lower, and it is roughly $209 (18%) lower in comparison to the city of Charlotte.
Nearby places
East Spencer
East Spencer is Spencer's neighbor to the south. Housing prices there are a bit less expensive. The median home in East Spencer costs $79,500, which works out to $19,000 (23%) lower than Spencer. Its rents are substantially less expensive. East Spencer's median monthly rent is $507, which works out to $419 (82%) lower than Spencer.
Salisbury
Salisbury is Spencer's neighbor to the southwest. Real estate prices there are a bit more expensive. The median home in Salisbury is valued at $129,100, which works out to $30,600 (23%) higher than Spencer. Its rents are a little less expensive. The median rent in Salisbury is $786 a month, which works out to $140 (17%) lower than Spencer.
Granite Quarry
Granite Quarry is roughly 6 miles south of Spencer. Housing prices there are significantly more expensive. The median home in Granite Quarry is valued at $167,400, which is $68,900 (41%) higher than Spencer. Rents there are a lot less expensive. In Granite Quarry the median monthly rent is $559, which comes out to $367 (65%) lower than Spencer.
Tyro
Tyro is about 7 miles north from Spencer. Its housing prices are a bit more expensive. The price of the median home in Tyro is $126,200, which is $27,700 (21%) higher than Spencer. Its rents are a bit less expensive. Tyro's median monthly rent is $748, which comes out to $178 (23%) lower than Spencer.
Faith
Faith is roughly 7 miles south of Spencer. The housing prices there are a lot more expensive. The median home in Faith costs $180,400, which comes out to $81,900 (45%) higher than Spencer. Its rents are somewhat less expensive. Faith's median rent is $733 per month, which is $193 (26%) lower than Spencer.
