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Rent To Own Homes in Spencer, IA 51301

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Spencer, IA Foreclosures

How much do homes sell for in Spencer, IA?
The average home price is currently $232,269.
In Spencer, IA, how many homes are available?
There are currently 10 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 $13,842,676.
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, Iowa is a quaint and vibrant community known for its friendly atmosphere and strong local economy. With abundant parks, schools, and cultural events, it provides an excellent lifestyle for families and individuals. The city's strategic location also ensures convenient access to nearby regions.

Current Market Conditions in Spencer, IA

The real estate market in Spencer is currently showing stable trends, with a healthy mix of home types available for buyers. There has been a steady demand for single-family homes, reflecting the area's appeal to families and young professionals. Recent developments and community projects have also contributed to optimism about future property values.

Investors and homebuyers can find opportunities across various price points, catering to different budgets and preferences. The current market conditions suggest a balanced approach, where buyers can negotiate favorable terms while sellers remain confident in their home valuations.

Home Value Estimator For Spencer, IA

There are currently 5,325 real estate properties in Spencer, IA, with a median automated valuation model (AVM) price of $185,910.00. 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 $232,269.00, with the most expensive house in Spencer, IA, topping out at $13,842,676.00 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 51301 Rent To Own Homes

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