Why Live in Spencer Road
Spencer Road in Ithaca is a wooded, residential neighborhood characterized by classic-style homes, including Craftsman, Colonial Revival, and Dutch Colonial influences. The area is known for its quiet, suburban feel despite its proximity to the bustling NY State Route 13. Homes are set back on modest lots with mature trees and front lawns, and the street itself sees minimal thru-traffic, although it lacks sidewalks. Residents benefit from nearby shopping centers like South Meadow Square and Marketplace, which house stores such as Trader Joe’s, Wegmans, and T.J. Maxx, as well as dining options like Panera, Five Guys, and local favorites like Spicy Asian Chinese and Old Mexico. MIX, a popular spot for craft cocktails and live music, is also nearby. Spencer Road offers convenient access to recreational spaces, including Buttermilk Falls State Park, South Hill Recreation Way, and Ithaca College Natural Lands, which are ideal for hiking, biking, and bird-watching. The neighborhood is served by highly rated schools within the Ithaca City School District, including Fall Creek Elementary School, Boynton Middle School, and Ithaca Senior High School. Commuters can easily reach Downtown Ithaca and other areas via NY Route 13, and the Ithaca Tompkins International Airport is about 6 miles away. The area is safer than the national average, contributing to its appeal for families and individuals seeking a peaceful yet well-connected community.
Frequently Asked Questions
Is Spencer Road a good place to live?
Spencer Road is a good place to live. Spencer Road is considered car-dependent and somewhat bikeable. Spencer Road has 1 park for recreational activities. It has a median age of 35. The average household income is $60,123 which is below the national average. College graduates make up 52.4% of residents. A majority of residents in Spencer Road are renters, with 67.5% of residents renting and 32.5% of residents owning their home. A
local real estate agent serving Spencer Road can help you decide if this neighborhood is the right one for you. Learn more on our
Spencer Road neighborhood guide.
How much do you need to make to afford a house in Spencer Road?
The median home price in Spencer Road is $106,000. If you put a 20% down payment of $21,200 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $23K a year to afford the median home price in Spencer Road. The average household income in Spencer Road is $60K.
What are the best public schools in Spencer Road?
The best public schools that serve Spencer Road are:
What are the best private schools in Spencer Road?
The best private schools that serve Spencer Road are:
What are the most popular zip codes in Spencer Road, Ithaca, NY?
What are the most popular neighborhoods near Spencer Road, Ithaca, NY?
Are home prices dropping in Spencer Road?
Yes, home prices in Spencer Road are down 67% in the last 12 months.
Home Trends in Spencer Road, NY
On average, homes in Spencer Road, Ithaca sell after 65 days on the market compared to the national average of 52 days. The median sale price for homes in Spencer Road, Ithaca over the last 12 months is $80,000, down 68% from the median home sale price over the previous 12 months.
Median Sale Price
$80,000
Median Single Family Sale Price
$80,000
Average Price Per Sq Ft
$107
Number of Homes for Sale
1
Last 12 months Home Sales
2
Median List Price
$106,000
Median Change From 1st List Price
25%
Median Home Sale Price YoY Change
-68%