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Why Live in Spencer

Spencer, a neighborhood in Manchester, Connecticut, is situated on the west side of the city, overlooking East Hartford. Its location near the intersection of Interstate 84, Interstate 384, and Route 44 makes it convenient for commuting and accessing nearby amenities. The area features a mix of classic two-story New England Colonials, Cape Cod cottages, brick apartment buildings, and multi-story duplexes, many with driveways and some with attached garages. The well-maintained front lawns are adorned with neatly trimmed shrubs and mature oak and maple trees. Spencer's homes are competitively priced, with a median sale price lower than both Manchester and nearby Hartford, though proximity to highways can result in some noise and commercial activity. The neighborhood is served by the Manchester Public Schools system, with Manchester High School earning a high rating and offering various academies and dual enrollment programs with local colleges. Outdoor enthusiasts can enjoy the 3.5-mile Laurel Marsh Trail, Leber Field's baseball diamonds, and the Olcott Street sprayground. The Veterans Memorial Soccer Complex provides soccer fields and climbing structures. For shopping, residents have access to Botticello Farms for seasonal produce and plants, and a nearby ShopRite grocery store along with other conveniences. Spencer's crime rate is lower than the national average, contributing to its appeal for potential homebuyers.

Spencer, Manchester, CT Home Prices vs. Nearby Neighborhoods

Spencer West Side Clay Arsenal Sheldon Charter Oak
Median Home Price
$149,900
$179,900
$181,450
$139,900
Median Sale Price
$183,000
-41% YoY
$165,000
-36% YoY
$172,500
-27% YoY
$135,000
-29% YoY
Avg. Price per Square Foot
$184
$214
$160
$155
Median Single Family Price
$235,000
$310,000
$215,000
$144,900
Median Condo Price
$132,500
$140,000
$130,000
$129,200
Total Active Listings
0 listings
4 listings
0 listings
11 listings
Market Conditions
0 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
7 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Spencer a good place to live?
Spencer is a good place to live. Spencer is considered car-dependent and somewhat bikeable with some transit options. Spencer is a suburban neighborhood. Spencer has 7 parks for recreational activities.It is fairly sparse in population with 3.0 people per acre and a median age of 33. The average household income is $53,430 which is below the national average. College graduates make up 40.7% of residents. A majority of residents in Spencer are renters, with 89% of residents renting and 11% of residents owning their home. A local real estate agent serving Spencer can help you decide if this neighborhood is the right one for you. Learn more on our Spencer neighborhood guide.
How much do you need to make to afford a house in Spencer?
The median home price in Spencer is $149,900. If you put a 20% down payment of $30,000 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $740 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $32K a year to afford the median home price in Spencer. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Spencer is $53K.
What are the best public schools in Spencer?
The best public schools that serve Spencer are:
What are the best private schools in Spencer?
The best private schools that serve Spencer are:
What are the most popular zip codes in Spencer, Manchester, CT?
The most popular zip codes in Spencer, Manchester, CT include 06040, 06118, 06042, 06108 and 06074.
What are the most popular neighborhoods near Spencer, Manchester, CT?
The most popular neighborhoods near Spencer, Manchester, CT are West Side, Waddell, Keeney, Center and Highland Park.
Are home prices dropping in Spencer?
Yes, home prices in Spencer are down 43% in the last 12 months.
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