Home prices
The median home in Spencer costs $81,000. In comparison to its surrounding areas this is approximately $23,680 (22%) lower.It is about $136,500 (62%) lower compared to the country as a whole, and it is about $86,500 (51%) lower in comparison to the city of Chattanooga.
Rents
The median rent in Spencer is $503 per month. It is roughly $112 (18%) lower compared to nearby areas.Compared to the country as a whole it is about $559 (52%) lower, and is about $356 (41%) lower compared to the city of Chattanooga.
Nearby places
Doyle
Doyle is about 8 miles north of Spencer. Its housing prices are somewhat more expensive. The median home cost in Doyle is $87,700, which works out to $6,700 (7%) higher than Spencer. The rent there is a bit more expensive. In Doyle the median rent is $660 a month, which works out to $157 (23%) higher than Spencer.
Sparta
Sparta is about 14 miles north of Spencer. The real estate prices there are a bit more expensive. The median home in Sparta is valued at $93,900, which works out to $12,900 (13%) higher than Spencer. Rent there is somewhat more expensive. In Sparta the median rent is $640 per month, which comes out to $137 (21%) higher than Spencer.
Pikeville
Pikeville is roughly 16 miles southeast from Spencer. The housing prices there are a bit more expensive. The median home cost in Pikeville is $117,400, which comes out to $36,400 (31%) higher than Spencer. Rent there is a bit more expensive. Pikeville's median rent is $600 per month, which comes out to $97 (16%) higher than Spencer.
McMinnville
McMinnville is about 16 miles west of Spencer. Its real estate prices are a little more expensive. The median home in McMinnville is valued at $98,400, which comes out to $17,400 (17%) higher than Spencer. The rent there is a little more expensive. McMinnville's median rent is $637 a month, which is $134 (21%) higher than Spencer.
Pleasant Hill
Pleasant Hill is approximately 21 miles northeast from Spencer. Real estate prices there are significantly more expensive. The price of the median home in Pleasant Hill is $126,000, which works out to $45,000 (35%) higher than Spencer. The rent there is a little more expensive. The median rent in Pleasant Hill is $538 a month, which is $35 (6%) higher than Spencer.
