Home prices
The median home in Spencer costs $80,700. Compared to its nearby areas it is about $61,040 (43%) lower.Compared to the country as a whole it is about $136,800 (62%) lower, and in comparison to the city of Oklahoma City is roughly $77,800 (49%) lower.
Rents
Spencer's median rent is $761 a month. Compared to nearby areas it is roughly $155 (16%) lower.In comparison to the United States as a whole it is approximately $301 (28%) lower, and it is roughly $110 (12%) lower compared to the city of Oklahoma City.
Nearby places
Nicoma Park
Nicoma Park is Spencer's neighbor to the southeast. Housing prices there are a little more expensive. The median home in Nicoma Park is valued at $109,800, which works out to $29,100 (26%) higher than Spencer. The rent there is a bit more expensive. In Nicoma Park the median rent is $868 per month, which is $107 (12%) higher than Spencer.
Midwest City
Midwest City is Spencer's neighbor to the south. Housing prices there are a little more expensive. The median home value in Midwest City is $113,400, which comes out to $32,700 (28%) higher than Spencer. Rent there is a little more expensive. In Midwest City the median rent is $867 per month, which is $106 (12%) higher than Spencer.
Forest Park
Forest Park is roughly 3 miles west of Spencer. Housing prices there are significantly more expensive. The median home in Forest Park costs $222,700, which is $142,000 (63%) higher than Spencer. The rent there is a bit more expensive. The median monthly rent in Forest Park is $1,054, which works out to $293 (27%) higher than Spencer.
Choctaw
Choctaw is roughly 5 miles southeast of Spencer. Its real estate prices are substantially more expensive. The median home in Choctaw costs $178,600, which works out to $97,900 (54%) higher than Spencer. Its rents are a little more expensive. The median rent in Choctaw is $938 a month, which is $177 (18%) higher than Spencer.
Del City
Del City is approximately 5 miles southwest from Spencer. Its housing prices are similar. Del City's median home value is $84,200, which works out to $3,500 (4%) higher than Spencer. The rent there is a little more expensive. In Del City the median rent is $854 per month, which comes out to $93 (10%) higher than Spencer.
