Much like its surrounding areas, it is substantially less expensive compared to the US as a whole. However compared to the city of Eau Claire, it's a bit less expensive.
Home prices
Spencer's median home price is $112,300. In comparison to its surrounding areas it is about $3,420 (2%) lower.Compared to the entire country it is about $105,200 (48%) lower, and it is roughly $42,700 (27%) lower in comparison to the city of Eau Claire.
Rents
Spencer's median monthly rent is $665. It is approximately $40 (6%) higher in comparison to other places in this area.Compared to the entire nation it is about $397 (37%) lower, and is approximately $170 (20%) lower compared to the city of Eau Claire.
Nearby places
Unity
Unity is about 6 miles north from Spencer. Its real estate prices are somewhat less expensive. The cost of the median home in Unity is $90,000, which is $22,300 (24%) lower than Spencer. Its rents are a little less expensive. The median rent in Unity is $581 per month, which is $84 (14%) lower than Spencer.
Marshfield
Marshfield is approximately 7 miles southeast from Spencer. Its housing prices are a bit more expensive. The median home in Marshfield costs $141,300, which is $29,000 (20%) higher than Spencer. Rents there are similar. The median monthly rent in Marshfield is $685, which comes out to $20 (2%) higher than Spencer.
Loyal
Loyal is roughly 8 miles west of Spencer. Its real estate prices are a bit less expensive. Loyal's median home value is $95,200, which is $17,100 (17%) lower than Spencer. Rent there is pretty similar. The median monthly rent in Loyal is $672, which works out to $7 (1%) higher than Spencer.
Stratford
Stratford is approximately 9 miles east of Spencer. The real estate prices there are a bit more expensive. Stratford's median home cost is $137,100, which is $24,800 (18%) higher than Spencer. The rent there is a bit less expensive. Stratford's median rent is $545 per month, which comes out to $120 (22%) lower than Spencer.
Colby
Colby is approximately 9 miles north from Spencer. Real estate prices there are pretty similar. The price of the median home in Colby is $115,000, which is $2,700 (2%) higher than Spencer. Its rents are fairly similar. The median monthly rent in Colby is $643, which works out to $22 (3%) lower than Spencer.
