$49,999
- 2 Beds
- 1 Bath
- 550 Sq Ft
3033 E Wallace St, Decatur, IL 62526
Regina Archer Mtz Realty Services
Frequently Asked Questions
Is Spencer Park a good place to live?
Spencer Park is a good place to live. Spencer Park is considered very car-dependent and somewhat bikeable. Spencer Park is a suburban neighborhood. It has a median age of 44. The average household income is $45,254 which is below the national average. College graduates make up 7.3% of residents. A majority of residents in Spencer Park are home owners, with 29% of residents renting and 71% of residents owning their home. A local real estate agent serving Spencer Park can help you decide if this neighborhood is the right one for you. Learn more on our Spencer Park neighborhood guide.
How much do you need to make to afford a house in Spencer Park?
The median home price in Spencer Park is $49,999. If you put a 20% down payment of $10,000 and had a 30-year fixed mortgage with an interest rate of 6.71%, your estimated principal and interest payment would be $260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $11K a year to afford the median home price in Spencer Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Spencer Park is $45K.
What are the best public schools in Spencer Park?
The best public schools that serve Spencer Park are:
- Argenta-Oreana Elementary School has a B- Niche grade and a student teacher ratio of 14:1.
- Eisenhower High School has a C Niche grade, a student teacher ratio of 17:1 and an average review score of 3.5.
- Argenta Oreana High School has a C Niche grade, a student teacher ratio of 13:1 and an average review score of 3.1.
What are the best private schools in Spencer Park?
The best private schools that serve Spencer Park are:
- Lutheran School Association of Decatur has a B Niche grade, a student teacher ratio of 11:1 and an average review score of 3.7.
What are the most popular zip codes in Spencer Park, Decatur, IL?
What are the most popular neighborhoods near Spencer Park, Decatur, IL?
The most popular neighborhoods near Spencer Park, Decatur, IL are MANA, Homewood, Fans Field, Galloway Park and Hess Park.
Are home prices dropping in Spencer Park?
Yes, home prices in Spencer Park are down 53% in the last 12 months.
