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Fixer Upper Homes in Spencer, IA

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Spencer, IA Foreclosures

How much do homes sell for in Spencer, IA?
The average home price is currently $231,013.
In Spencer, IA, how many homes are available?
There are currently 82 active home listings available in Spencer.
What’s the average rental cost in Spencer, IA?
The average rental price in Spencer is $1,252.
What is the most expensive home in Spencer?
The most expensive home sold in Spencer had a price of $5,438,719.
What is currently the cheapest priced home in Spencer, IA?
The cheapest home for sale in Spencer is priced at $11,345.

Living in Spencer, IA

Spencer, IA is a charming city in Clay County that offers residents a friendly community atmosphere, excellent schools, and plenty of outdoor activities. With its vibrant local economy and rich culture, Spencer provides a perfect blend of small-town charm and modern amenities.

Current Market Conditions in Spencer, IA

The real estate market in Spencer is currently stable, with a slight increase in home values over the past year. The area has seen a consistent demand for housing, driven largely by families and retirees seeking the benefits of small-town living while still being close to urban amenities.

As of now, homes are selling fairly quickly, particularly those in good condition and situated in desirable neighborhoods. The market is competitive, but buyers can still find reasonable opportunities within their price range.

Home Value Estimator For Spencer, IA

There are currently 5,283 real estate properties in Spencer, IA, with a median automated valuation model (AVM) price of $189,160.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spencer, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Spencer, IA, is $231,013.00, with the most expensive house in Spencer, IA, topping out at $5,438,719.00 and the cheapest home in Spencer, IA, clocking in at $11,345.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, IA!

Rent Prices In Spencer, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, IA, is on a rollercoaster ride. The average rent price in Spencer, IA, is $1,252.00. Indeed, when looking to rent in Spencer, IA, you can expect to pay as little as $680.00 or as much as $2,370.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Spencer, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Spencer, IA Fixer Upper Homes

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