Housing in Spencer, NE
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$172,149
Spencer vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Spencer is highlighted.
Median Home Value
14th%ilemost expensive$85,800show rank
Median Rent
15th%ilemost expensive rent$683show rank
Rent Burden
22nd%ilehighest rent burden14.8%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$85,800
Median Rent
$683
Total Housing Units
236
Vacancy Rate
26.7%
Owner Occupied
67.6%
Renter Occupied
32.4%
Median Property Tax
$1,115
per year
Monthly Cost (w/ Mortgage)
$643
Housing Types
Single Family97.0%
Multi-Family0.0%
Mobile Home3.0%
The median home value in Spencer, NE is $85,800. According to Zillow, the home value index for Spencer is $172,149. The median rent is $683 per month (Census ACS). About 67.6% of housing units are owner-occupied. The median year homes were built is 1958. There are 236 total housing units.