Housing in Spencer, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$153,250
Median List Price
$269,000
Price Per Sq Ft
$121
Days on Market
120
Active Inventory
47
Months of Supply
3.4
Seller's market
Zillow Home Value
$189,253
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
94.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
14
New Listings
9
Pending Sales
12
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$121
Median List $/SF
$125
Spencer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Spencer is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$178,300
Median Rent
$795
Total Housing Units
5,640
Vacancy Rate
8.8%
Owner Occupied
67.7%
Renter Occupied
32.3%
Median Property Tax
$2,435
per year
Monthly Cost (w/ Mortgage)
$1,008
Housing Types
The current median sale price in Spencer, IA is $153,250 according to Redfin data. Homes spend a median of 120 days on the market. 0.0% of homes sold above asking price. The market has 3.4 months of supply. The median price per square foot is $121. The median rent is $795 per month (Census ACS). About 67.7% of housing units are owner-occupied. The median year homes were built is 1971. There are 5,640 total housing units.