There are currently 3,602 real estate properties in Spencer, IN, with a median automated valuation model (AVM) price of $183,800.00. 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, IN, 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, IN, is $198,715.00, with the most expensive house in Spencer, IN, topping out at $2,146,700.00 and the cheapest home in Spencer, IN, clocking in at $19,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, IN, is on a rollercoaster ride. The average rent price in Spencer, IN, is $1,062.00. Indeed, when looking to rent in Spencer, IN, you can expect to pay as little as $450.00 or as much as $2,740.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Spencer, IN -- 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Spencer, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Spencer, IN and much more. Save thousands at closing with home foreclosure listings in Spencer, IN — up to 75% off market value!
Spencer is located in Owen, Indiana, with an estimated municipal population of 2,256 residents. All of the best foreclosed homes for sale in Spencer are located in the following zip code areas on Foreclosure.com: 47460. The estimated population per square kilometer (.62 miles) in Spencer is 546.
So, about how much do homes cost in Spencer? The most recent median value of resident-owned homes in Spencer is 94,228. An estimated 57.9 percent of households in Spencer own their homes, with an average family size of 3.14. The median household income in Spencer is 38,981, with9.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spencer, the median commute time of resident workers (in minutes) is 18.8. And last, but certainly not least, are you looking for homes to rent in Spencer? If so, the average rent price paid by renters in Spencer is 665, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Spencer, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Spencer is 40.6, split between 44.9 percent male versus 55.1 female. The percentage of residents who report being married in Spencer is 42.5, with an average family size of 3.14.
The percentage of residents who report their race in Spencer is as follows:
|Black / African American||1.8%|
|American Indian / Alaskan Native||1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Spencer? Or maybe you are searching for 55+ active adult communities in and/or near Spencer?
The percentage of residents who report their age in Spencer is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Spencer with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spencer.
How do you know that living in -- or moving to -- Spencer is right where you need to be? Perhaps you grew up in Spencer or already live nearby; therefore, the decision to buy a home in Spencer is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spencer for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Spencer:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spencer.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spencer can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spencer, meanwhile, can field multiple offers from more qualified buyers.