Spencer, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Spencer Neighborhoods Since 2000




Spencer, OH Real Estate Data


Spencer Housing Market Information

With 764 people, 253 houses or apartments, and a median cost of homes of $183,274, Spencer real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Spencer, accounting for 68.61% of the village's housing units. Other types of housing that are prevalent in Spencer include duplexes, homes converted to apartments or other small apartment buildings ( 17.52%), large apartment complexes or high rise apartments ( 10.58%), and a few row houses and other attached homes ( 2.92%).

The most prevalent building size and type in Spencer are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 64.03% owning and 35.97% renting.

The housing in Spencer was primarily built before 1939 ( 51.09%), making the housing stock in Spencer some of the oldest overall in America, although there is a range of ages of homes in Spencer. The next most important housing age is between 1970-1999 ( 30.29%), followed by between 1940-1969 ( 14.23%). There's also some housing in Spencer built between 2000 and later ( 4.38%).

Spencer Home Appreciation Rates

Real estate appreciation rates in Spencer's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

NeighborhoodScout's data show that during the latest twelve months, Spencer's appreciation rate, at 5.60%, has been at or slightly above the national average. In the latest quarter, Spencer's appreciation rate has been 3.30%, which annualizes to a rate of 13.87%.

Importantly, this makes Spencer one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Ohio, our data show that Spencer's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$183,274

Spencer, OH HOME PRICES

Value Range
> $1,118,000 0.0
$838,001 - $1,118,000 0.0
$559,001 - $838,000 0.7
$447,001 - $559,000 1.4
$335,001 - $447,000 3.5
$224,001 - $335,000 20.2
$112,001 - $224,000 54.9
$56,001 - $112,000 17.5
$0 - $56,000 1.8

High for OH
High for Nation

Value Relative to Nation Value Relative to State
38.15072905077 21.3910761154856

Number Of Homes And Apartments:
253

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 64.03
Renters 35.97
Vacant 7.66

Housing Market Details

 

Age of Homes

AGE OF Spencer HOMES
2000 or Newer 4.4
1970 - 1999 30.3
1940 - 1969 14.2
1939 or Older 51.1

Types of Homes

TYPE OF Spencer HOMES
Single-Family 68.6
Townhomes 2.9
Small Apt. Buildings 17.5
Apt. Complexes 10.6
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Spencer HOMES
No Bedroom 0.00
1 Bedroom 14.96
2 Bedrooms 25.91
3 Bedrooms 42.34
4 Bedrooms 12.77
5 or more bedrooms 4.01

Spencer Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
14.49% 0.80% 6 1
* 10 is highest