Much like nearby areas, it's a lot less expensive compared to the United States as a whole. It's a lot less expensive compared to the city of Amarillo.
Home prices
The median home value in Spearman is $83,900. In comparison to nearby areas it is about $980 (1%) lower.Compared to the United States as a whole it is about $133,600 (61%) lower, and in comparison to the city of Amarillo it is about $48,600 (36%) lower.
Rents
The median rent in Spearman is $727 a month. This is approximately $16 (2%) lower in comparison to the surrounding areas.It is roughly $335 (31%) lower compared to the entire nation, and is approximately $123 (14%) lower compared to the city of Amarillo.
Nearby places
Gruver
Gruver is roughly 11 miles west from Spearman. Real estate prices there are a lot more expensive. The median home cost in Gruver is $123,900, which is $40,000 (32%) higher than Spearman. Rent there is a little more expensive. In Gruver the median rent is $842 a month, which is $115 (13%) higher than Spearman.
Perryton
Perryton is approximately 23 miles northeast from Spearman. Real estate prices there are a bit more expensive. The median home in Perryton costs $98,400, which comes out to $14,500 (14%) higher than Spearman. Rents there are somewhat more expensive. In Perryton the median monthly rent is $812, which comes out to $85 (10%) higher than Spearman.
Stinnett
Stinnett is roughly 29 miles southwest of Spearman. The real estate prices there are somewhat less expensive. The cost of the median home in Stinnett is $70,300, which is $13,600 (19%) lower than Spearman. Its rents are somewhat less expensive. Stinnett's median rent is $675 a month, which is $52 (7%) lower than Spearman.
Hardesty
Hardesty is approximately 29 miles north of Spearman. Real estate prices there are substantially less expensive. The median home in Hardesty is valued at $45,900, which works out to $38,000 (82%) lower than Spearman. Rent there is a bit less expensive. In Hardesty the median rent is $622 per month, which is $105 (16%) lower than Spearman.
Sunray
Sunray is roughly 33 miles southwest of Spearman. The housing prices there are pretty similar. The cost of the median home in Sunray is $85,900, which is $2,000 (2%) higher than Spearman. Rents there are fairly similar. In Sunray the median rent is $764 per month, which is $37 (4%) higher than Spearman.
