Spencer, IA Homes for Sale

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  /3

  $810,000

  • Land
  • 40.43 Acres
  • $20,035 per Acre

  330th Street, Spencer, IA 51301

  What a great opportunity to own a parcel of land that has multiple future possibilities. You can continue to farm this very high yielding land or look to turn it into a future development site. This property is located just outside of city limits on the north end of Spencer, IA. It offers paved roads on both the south and east side of it for excellent access as well as a fuel station on the west

  Ben Hollesen

  330th Street, Spencer, IA 51301
• Explore Spencer

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  /2

  $2,395,000

  • Land
  • 159.66 Acres
  • $15,001 per Acre

  390th Street, Spencer, IA 51301

  What a great opportunity to purchase a highly productive farm with excellent soils in Northwest Iowa! With 150.24 cropland acres, this farm has an average CSR2 value of 89 and features quality soils including Wilmonton, Letri & Everly. The corn base is 81.3 acres with a PLC Yield of 161 and the soybean base is 64.30 acres with a PLC Yield of 49. Included in the 150.24 cropland acres are 2.6 acres

  Ben Hollesen

  390th Street, Spencer, IA 51301
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  /31

  $330,000

  • 3 Beds
  • 2 Baths
  • 1,819 Sq Ft

  1120 4th Ave W, Spencer, IA 51301

  When the best of both worlds meet you get this elegant example of a classic brick home coupled with the modern conveniences of today. Situated on a large corner lot, the exterior curb appeal is second to none and invites you to see more of what's inside. Once you walk through the door you will notice the formal dining area with it's built-ins and the original hardwood floors complimented with a

  Bryan Sebastian Hinn Real Estate

  1120 4th Ave W, Spencer, IA 51301
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  /13

  $180,000

  • 2 Beds
  • 1 Bath
  • 952 Sq Ft

  518 E 13th St, Spencer, IA 51301

  This charming and well-kept 2-bedroom, 1-bath ranch-style home is nestled in a quiet Spencer neighborhood and offers comfortable, easy living with an efficient layout. Featuring central air, forced-air heating, an attached one-car garage, and a spacious yard, this home is ideal for first-time buyers, those looking to downsize, or anyone seeking a low-maintenance property. Located close to

  Candace McGuire Integrity Real Estate

  518 E 13th St, Spencer, IA 51301
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  /12

  $190,000

  • 4 Beds
  • 1 Bath
  • 1,946 Sq Ft

  1203 W 5th St, Spencer, IA 51301

  Charming 3 bedroom ranch in a desirable neighborhood near parks and schools. Natural light fills the inviting living spaces, while the functional layout makes everyday living easy. Step outside to enjoy a spacious, well-kept yard, ideal for relaxing evenings or weekend gatherings. Whether you're just starting out or downsizing, this one checks all the boxes!

  Nicole Nimke EXIT Realty Midwest- Spencer/Emmetsburg

  1203 W 5th St, Spencer, IA 51301
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  /37

  $260,000

  • 4 Beds
  • 2.5 Baths
  • 1,912 Sq Ft

  829 2nd Ave SE, Spencer, IA 51301

  This modern, open-concept single-family home, with over 1900 square feet of living space, offers 4 bedrooms and 2 1/2 bathrooms. The firstfloor features a spacious primary bedroom suite, a convenient laundry area, and a living room that flows seamlessly into the kitchen and dining room. Double doors lead to a serene covered porch, perfect for relaxing. The back entry provides access to an

  Doug Small Hinn Real Estate

  829 2nd Ave SE, Spencer, IA 51301
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  /32

  $249,000

  • 3 Beds
  • 2 Baths
  • 2,114 Sq Ft

  202 E 4th St, Spencer, IA 51301

  Step onto the classic front and instantly feel right at home! The entry greets you with warm wood details, setting the tone for a period correct house with updates. This spacious home is full of charm and even offers a workshop behind the two car garage. Picture fall nights, blanket, movie, maybe a little hot cocoa by the warm fireplace! Who's ready to see this home and make it your own?

  Kim Bates Northwest Iowa Realty

  202 E 4th St, Spencer, IA 51301
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  /26

  $189,000

  • 4 Beds
  • 1 Bath
  • 1,567 Sq Ft

  615 E 13th St, Spencer, IA 51301

  A Yard Meant for Memories, a Home Meant for You. There’s something about this place that just feels right. Out front, a towering shade tree sets the stage for a home that’s been well cared for with pride. Out back, the yard opens wide—room for backyard games, evening fires, or simply tending the flower garden that adds a burst of color each season. A patio door leads you to the deck, where

  Kelly Bierl Hometown Realty

  615 E 13th St, Spencer, IA 51301
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  /22

  $195,000

  • 3 Beds
  • 2 Baths
  • 1,672 Sq Ft

  1312 4th Ave W, Spencer, IA 51301

  Showstopper Alert Don’t Look Any Further! This stunning Cape Cod style home offers over 1,600 sq. ft. of living space and is designed to impress. The main floor features an open concept living room, sunroom, and dining room, creating a warm and inviting flow for everyday living and entertaining. The kitchen, complete with all appliances to stay, is set apart for those who prefer a defined

  Kari Stave EXIT Realty Midwest- Spencer/Emmetsburg

  1312 4th Ave W, Spencer, IA 51301
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  /15

  $225,000

  • 4 Beds
  • 1 Bath
  • 1,624 Sq Ft

  701 W 4th St, Spencer, IA 51301

  Well-maintained 4 bedroom home on nearly half an acre with a 30x40 metal storage building. This charming two-story home offers 4 bedrooms and 1 full bath, set on an almost half-acre lot with plenty of room to enjoy the outdoors. Inside, you'll find a well-kept home with an inviting layout and plenty of natural light throughout. Upstairs, there's a space ready to finish for an extra bathroom.

  Nicole Nimke EXIT Realty Midwest- Spencer/Emmetsburg

  701 W 4th St, Spencer, IA 51301
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  /15

  $250,000

  • 3 Beds
  • 2 Baths
  • 1,584 Sq Ft

  214 8th St SE, Spencer, IA 51301

  Move-in ready and completely updated! This 3 bedroom, 2 bathroom ranch home features a spacious open-concept layout that's perfect for comfortable everyday living. Every detail has been redone, including all new mechanicals for peace of mind. The home offers spacious, bright bedrooms and a flowing main living area that flows seamlessly to the kitchen and dining areas-- perfect for gatherings and

  Nicole Nimke EXIT Realty Midwest- Spencer/Emmetsburg

  214 8th St SE, Spencer, IA 51301
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  /19

  $204,900

  • 2 Beds
  • 1 Bath
  • 1,096 Sq Ft

  3205 W 3rd St, Spencer, IA 51301

  Impeccable 2 Bed, 1 Bath Home | Built in 2021 | Turn-Key Ready & Priced to SELL! Step into this beautifully finished, move-in ready home built in 2021. Featuring an open-concept layout, this 2 bedroom, 1 bathroom gem offers modern comfort and style throughout. The kitchen boasts sleek stainless steel appliances, seamlessly flowing into the living and dining areas—perfect for entertaining or

  Ryan Moran Integrity Real Estate

  3205 W 3rd St, Spencer, IA 51301
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  /17

  $184,900

  • 4 Beds
  • 2 Baths
  • 1,482 Sq Ft

  523 4th Ave W, Spencer, IA 51301

  Your Spencer opportunity awaits! Raise your family in this awesome 4 bed 2 bath home with a spacious 3 car garage! Multiple living spaces on the main level makes for comfortable room for the whole family. Bathroom on main and upper level! Updated kitchen! Fenced back yard for your children and pets to enjoy! Set up your private viewing today!

  Charlie Leissler RE/MAX Lakes Realty

  523 4th Ave W, Spencer, IA 51301
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  /17

  $179,900

  • 3 Beds
  • 1 Bath
  • 1,107 Sq Ft

  422 11th Ave W, Spencer, IA 51301

  Charming 3-bedroom ranch home, steps away from the YMCA, and the Clay County Fairgrounds! Inviting main floor complete with beautiful hardwood floors, a kitchen with plenty of cabinet space, 3 bedrooms, and a newer stackable washer and dryer for the convenience of main floor living. The lower level is a blank canvas, and ready for your personal finishes! New furnace, water heater, 2 electrical

  Nicole Nimke EXIT Realty Midwest- Spencer/Emmetsburg

  422 11th Ave W, Spencer, IA 51301
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  /39

  $125,900

  • 2 Beds
  • 1 Bath
  • 796 Sq Ft

  910 E 5th St, Spencer, IA 51301

  Picture perfect and cute as can be!! This 2 bedroom home is ready for YOU to call yours! From the front steps to the 2 car garage you will find new or updated features including flooring, paint, doors, garage siding and more. Located close to the bike trail and ball parks this home could be the perfect beginning to your homeownership dreams. This gem even includes a newer roof and vinyl siding so

  Bryan Sebastian Hinn Real Estate

  910 E 5th St, Spencer, IA 51301
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  /42

  $646,000

  • 3 Beds
  • 3 Baths
  • 3,633 Sq Ft

  1423 18th Ave W, Spencer, IA 51301

  Fairway Frontage Luxury: Exquisite Brick Home on Spencer Golf & Country Club. Experience the pinnacle of sophisticated living with this stunning, all-brick executive home located at 1423 18th Ave. W. Situated directly on the picturesque #6 Fairway of the Spencer Golf and Country Club, this property blends privacy, elegance, and an unbeatable location. Unparalleled Craftsmanship and Space. Step

  Bob Bates Northwest Iowa Realty

  1423 18th Ave W, Spencer, IA 51301
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  /14

  $125,000

  • 4 Beds
  • 2 Baths
  • 2,050 Sq Ft

  19 E 2nd St, Spencer, IA 51301

  Investor Opportunity – Tucked into the heart of Spencer, this 11⁄2-story frame bungalow has been a quiet constant—providing a comfortable place to call home for long-term tenants and reliable income. With two separate living units, each space offers simple, practical living with everything tenants need and nothing overcomplicated. Located near downtown, this property provides a strong occupancy

  Kelly Bierl Hometown Realty

  19 E 2nd St, Spencer, IA 51301
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  /8

  $59,900

  • 2 Beds
  • 2 Baths
  • 1,222 Sq Ft

  813 6th Ave SW, Spencer, IA 51301

  Bring your toolbelt and your gloves! This 2022 new construction townhome was under contract to close when the June 2024 flood hit. It is now waiting to be cleaned out and reconstructed to the beautiful property it can be once again.

  Bryan Sebastian Hinn Real Estate

  813 6th Ave SW, Spencer, IA 51301
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  /17

  $159,000

  • 5 Beds
  • 1.5 Baths
  • 1,700 Sq Ft

  516 E 4th St, Spencer, IA 51301

  Two Story Home Near Schools with Room for the Whole Family! This charming home combines classic character with practical updates. Original hardwood floors throughout the main level, a winding staircase, and an inviting enclosed front porch. 5 bedrooms and 2 bathrooms, main level laundry and easy flow for everyday living. Four bedrooms and full bath in upper level. The partially finished full

  Peggy Bergh-Kuker Keller Williams Okoboji

  516 E 4th St, Spencer, IA 51301
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  /17

  $107,000

  • 2 Beds
  • 1 Bath
  • 879 Sq Ft

  309 E 1st St, Spencer, IA 51301

  Perfect Starter Home for First-Time Buyers! This cozy one-level home offers classic cottage charm with modern updates, including a new furnace and hot water heater (2024). The layout features 2 bedrooms, 1 bath and a basement with potential for added living space. Structurally sound and move-in ready--just add your personal touches! Includes a detached garage, storage shed and a manageable

  Lori Black EXIT Realty Midwest- Spencer/Emmetsburg

  309 E 1st St, Spencer, IA 51301
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  /15

  $149,900

  • 2 Beds
  • 3 Baths
  • 988 Sq Ft

  623 W 5th St, Spencer, IA 51301

  Move-In Ready Ranch! This updated ranch-style home features 2 bedrooms, 1.5 baths, and convenient main floor laundry. Enjoy the open-concept layout with a modern kitchen and spacious living area. The basement is ready to be finished to your liking! Outside, you’ll appreciate the one-car detached garage and easy-to-maintain yard. A great opportunity to own a move-in ready home.

  Kari Stave EXIT Realty Midwest- Spencer/Emmetsburg

  623 W 5th St, Spencer, IA 51301
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  /32

  $110,000

  • 3 Beds
  • 1 Bath
  • 864 Sq Ft

  900 W 5th St, Spencer, IA 51301

  Live in it to love it or an investment opportunity!! Bring your creative ideas and make this 3 bedroom cape cod home shine again! Located close to several parks, Johnson school and the YMCA this home sits on a large corner lot and has most of the hard work and big items done. Offering you all new mechanicals including the furnace, water heater and electrical panel which have been installed and

  Bryan Sebastian Hinn Real Estate

  900 W 5th St, Spencer, IA 51301
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  /14

  $117,000

  • 3 Beds
  • 2 Baths
  • 1,000 Sq Ft

  525 E 2nd St, Spencer, IA 51301

  Start Fresh on Second Street! This bungalow is more than just a house—it’s a blank canvas waiting for its next chapter with a little TLC needed. Step inside to discover warm wood floors that stretch through the living room, where natural light filters in and an arched doorway leads you toward the kitchen. With two bedrooms plus a bonus space, the layout adapts easily to your lifestyle—whether

  Kelly Bierl Hometown Realty

  525 E 2nd St, Spencer, IA 51301
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  /30

  $365,000

  • 3 Beds
  • 2 Baths
  • 2,062 Sq Ft

  1800 11th St SE, Spencer, IA 51301

  First Time on the Market! Welcome to your future oasis! Nestled on a stunning 2.91 acres, this charming ranch-style home is perfect for nature lovers! Enjoy open concept living space, 3 bedrooms, 2 bathrooms, main floor laundry and a 3 season enclosed porch. Close to town yet room to roam! Enjoy wildlife and nature at every turn. Imagine spending time in your deer proof enclosed garden or soaking

  Kim Bates Northwest Iowa Realty

  1800 11th St SE, Spencer, IA 51301
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  /33

  $89,900

  • 3 Beds
  • 1 Bath
  • 1,184 Sq Ft

  319 E 11th St, Spencer, IA 51301

  Located close to the Hospital, this one-bedroom has an upper loft area and a finished (tiled) basement room for a possible 2nd bedroom. Open living - Dining area, enclosed front porch, landscaped backyard, double car garage and off-street parking. Buyer's agent to submit offers via www.propoffers.com.

  Dana Reinders EXIT Realty Midwest- Spencer/Emmetsburg

  319 E 11th St, Spencer, IA 51301
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  /5

  $325,000

  • 8 Beds
  • 4 Baths
  • 4,608 Sq Ft

  207 36th Ave W, Spencer, IA 51301

  INVESTMENT OPPORTUNITY! This 4-unit multi-family property is ideal for investors or owner-occupants looking to live in one unit and rent out the others. Located on the edge of Spencer in a quiet area with easy access to town amenities, shopping, and schools. Each unit offers 2 bedrooms, 1 full bathroom, a living room, kitchen, in-unit laundry hookups, and a 1-car garage. The property is serviced

  Jayden Johnson Johnson Realty

  207 36th Ave W, Spencer, IA 51301
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  /20

  $94,900

  • 2 Beds
  • 1 Bath
  • 1,149 Sq Ft

  427 6th Ave W, Spencer, IA 51301

  Charming 1.5-story Cape Cod single-family home featuring 2 bedrooms and 1 bathroom. Inside, you’ll find original hardwood floors and a welcoming main floor layout with a living room, dining room, and kitchen. The basement is protected with a Thrasher waterproofing system for peace of mind. Outside, the property includes a detached 1-car garage that has been re-sided, along with new windows and

  Kari Stave EXIT Realty Midwest- Spencer/Emmetsburg

  427 6th Ave W, Spencer, IA 51301
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  /13

  $95,000

  • 3 Beds
  • 1 Bath
  • 1,118 Sq Ft

  1518 3rd Ave W, Spencer, IA 51301

  Charming three-bedroom, one-bath home situated on a spacious lot bordering the bike trail. Interior highlights include built-ins that add both character and functionality. A detached garage and covered drive/carport provide convenient access to the house. The property offers potential for updates, making it an appealing choice for DIY enthusiasts or investors looking to add value.

  Matt Lippon Jensen Real Estate

  1518 3rd Ave W, Spencer, IA 51301
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  /22

  $164,000

  • 3 Beds
  • 1.5 Baths
  • 1,040 Sq Ft

  215 6th St SW, Spencer, IA 51301

  Welcome to 215 6th St SW, this 3 bedroom, 2 bath ranch is located in a quiet, family friendly neighborhood and close to Lincoln School, Shopping and Entertainment. New major mechanicals were installed last year, and the basement is framed with room to grow and add equity.

  Bob Bates Northwest Iowa Realty

  215 6th St SW, Spencer, IA 51301
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  /7

  $249,900

  603 S Grand Ave, Spencer, IA 51301

  Prime Multi-Use Space in the Heart of Spencer Take advantage of this high-traffic location ideal for retail, office, or mixed-use development. This versatile property offers the perfect opportunity to build to suit your business needs or parcel out for rental income to generate consistent monthly revenue. Key Highlights: Premier location with excellent visibility and access Flexible

  Nick Steffes Integrity Real Estate

  603 S Grand Ave, Spencer, IA 51301
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  /74

  $459,000

  • 4 Beds
  • 3 Baths
  • 1,992 Sq Ft

  701 4th St SW, Spencer, IA 51301

  Welcome to this charming Cape Cod-style home, perfectly positioned in the heart of town, offering captivating river ground views and an abundance of character throughout. With nearly 2,000 finished square feet, this delightful home features 4 bedrooms and 3 bathrooms, making it a spacious retreat for any family. Two of the bedrooms are open loft-style, offering a unique design that overlooks the

  Doug Small Hinn Real Estate

  701 4th St SW, Spencer, IA 51301
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  /19

  $112,500

  • 2 Beds
  • 1 Bath
  • 1,008 Sq Ft

  601 E Milw St, Spencer, IA 51301

  Charming Corner-Lot Home! This 2-bedroom, 1-bath home offers convenient main-floor living and modern updates throughout. Enjoy the beautifully renovated kitchen and bath, thoughtfully designed for comfort and style. Situated on a desirable corner lot, this move-in-ready property combines charm and functionality perfect for easy living

  Kari Stave EXIT Realty Midwest- Spencer/Emmetsburg

  601 E Milw St, Spencer, IA 51301
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  /27

  $485,000

  • 12 Beds
  • 8 Baths
  • 2,592 Sq Ft

  1518 4th Ave SW, Spencer, IA 51301

  Investor Opportunity on the Golf Course! Rare opportunity to own a well-maintained 4-unit multifamily complex located directly on the Spencer Municipal Golf Course. Each spacious unit features 3 bedrooms and 1.5 bathrooms, offering strong rental appeal in a beautiful and convenient location. One unit has been completely remodeled with modern finishes, while the remaining three units have

  Michelle Lohman EXIT Realty Midwest- Spencer/Emmetsburg

  1518 4th Ave SW, Spencer, IA 51301
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  /13

  $109,900

  • 3 Beds
  • 1 Bath
  • 1,152 Sq Ft

  303 35th Ave W, Spencer, IA 51301

  Welcome home to this well-maintained 3-bedroom, 1-bath ranch located on a peaceful dead-end street at the edge of town. Perfectly positioned for privacy and convenience, this home offers comfortable one-level living with a functional layout. Step inside to find all-new flooring throughout the home, providing a fresh, modern feel. The spacious living room flows seamlessly into the dining area and

  Lori Black EXIT Realty Midwest- Spencer/Emmetsburg

  303 35th Ave W, Spencer, IA 51301
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  /20

  $149,900

  • 2 Beds
  • 2 Baths
  • 1,513 Sq Ft

  1625 3rd Ave E, Spencer, IA 51301

  Charming 2-Bed, 2-Bath Home with Original Character and Modern Comforts Step into this beautifully maintained 2-bedroom, 2-bath home featuring original hardwood flooring, grand trim work, and tongue-and-groove ceilings that add warmth and character throughout. Enjoy abundant natural light in every room, highlighting the home’s timeless charm. Situated on a deep lot, there's plenty of outdoor

  Ryan Moran Integrity Real Estate

  1625 3rd Ave E, Spencer, IA 51301
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  /34

  $423,500

  • 5 Beds
  • 3.5 Baths
  • 3,033 Sq Ft

  1817 10th Ave E, Spencer, IA 51301

  Welcome to this spacious 5-bedroom, 4-bath multi-level family home boasting over 4,000 sq ft of thoughtfully designed living space. Nestled on a .24-acre lot in a desirable neighborhood close to schools, this property features an open floor plan, newer flooring, a cozy gas fireplace, and a walk-out basement. The updated kitchen offers abundant cabinetry, quartz countertops, and a large island

  Katie Muhlbauer Integrity Real Estate

  1817 10th Ave E, Spencer, IA 51301
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  /23

  $117,500

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  402 E Park St, Spencer, IA 51301

  It's updated! Completely gone through since 2024 and now features a concrete driveway with additional space for parking. Plus new privacy fence! 2 bed, 1 bath home sits on a corner lot and has recent roof, new flooring, and paint. Simple property to get into for low cost.

  Jimy Mac Lenz Hinn Real Estate

  402 E Park St, Spencer, IA 51301
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  /12

  $94,900

  • 2 Beds
  • 1 Bath
  • 884 Sq Ft

  520 E 2nd St, Spencer, IA 51301

  Opportunity Knocks! This classic bungalow offers a great starting point for your next investment or new home —whether you’re looking to start home ownership, flip or add a steady rental to your portfolio. Featuring potentially two bedrooms, one bath, an eat-in kitchen, and a formal dining room, the layout is simple and functional. Original woodwork trim adds character throughout, while an

  Kelly Bierl Hometown Realty

  520 E 2nd St, Spencer, IA 51301
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  /12

  $89,000

  • 2 Beds
  • 1 Bath
  • 680 Sq Ft

  407 E 13th St, Spencer, IA 51301

  Welcome to this cozy 2-bedroom, 1-bath bungalow featuring classic charm and modern updates. The new roof (2022) offers peace of mind, while the inviting deck is perfect for morning coffee or relaxing evenings. Inside, you’ll find a warm and welcoming living space that’s ideal for everyday living or entertaining. The property also includes a 1-car detached garage for parking or extra storage. All

  Abby G My Real Estate Company

  407 E 13th St, Spencer, IA 51301
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  /54

  $709,900

  • 5 Beds
  • 5 Baths
  • 5,331 Sq Ft

  1322 Country Club Dr, Spencer, IA 51301

  Welcome to 1322 Country Club Drive – A Rare Opportunity to Own a Distinguished Residence on the Spencer Golf & Country Club This exceptional property masterfully blends timeless elegance with sophisticated modern design, offering the ultimate in luxury living. Situated in one of the most coveted locations along the Spencer Golf and Country Club, this stunning home underwent a comprehensive

  Michelle Lohman EXIT Realty Midwest- Spencer/Emmetsburg

  1322 Country Club Dr, Spencer, IA 51301

Showing Results 1 - 40, Page 1 of 3

Why Live in Spencer

Spencer, located in northwest Iowa, is a city where the Little Sioux and Ocheyedan rivers converge. Known for its deep-rooted community, Spencer hosts the largest county fair in Iowa and is a hub for farm equipment manufacturers and food processors. The city has a growing healthcare sector, bolstered by a new emergency department at Spencer Hospital. Despite a devastating flash flood in June 2024, which damaged over three-quarters of the city's structures, Spencer continues to rebuild with support from the Chamber of Commerce. Homes in Spencer range from early 1900s American Foursquares and folk-style houses to ranch-style homes and newer subdivisions on the outskirts. The downtown area, rebuilt in the Art Deco style after a 1931 fire, is listed on the National Register of Historic Places and features a mix of local businesses and national chains. Spencer boasts over 400 acres of parks and recreation, including the 12-mile Spencer Recreational Trail, East Leach Park, Stolley Park, and the Spencer Golf and Country Club. The Spencer Community School District offers college credit courses, and Iowa Lakes Community College has a campus in the city. Transportation is facilitated by U.S. Routes 71 and 18, a regional airport, and a nonprofit transit system. Spencer's attractions include the Clay County Fair, one of the largest in the nation, and various local events that foster a strong sense of community. Crime rates in Spencer are lower than the national average, contributing to its appeal as a safe place to live.

Learn more about living in Spencer

Frequently Asked Questions

What is the average home price in Spencer, IA?

Homes for sale in Spencer, IA have an average home price of $228,844.

Are home prices dropping in Spencer?

Yes, home prices in Spencer are down 18% in the last 12 months.

How many homes have sold over the last 12 months in Spencer, IA?

41 homes have sold in Spencer, IA over the last 12 months.

What are the most popular zip codes in Spencer, IA?

The most popular zip codes in Spencer, IA include 51301, 51338, 51357, 51351 and 51358.

How much do you need to make to afford a house in Spencer?

The median home price in Spencer is $174,900. If you put a 20% down payment of $35,000 and had a 30-year fixed mortgage with an interest rate of 6.27%, your estimated principal and interest payment would be $860 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $37K a year to afford the median home price in Spencer.

How are the schools in Spencer, IA?

Spencer, IA has highly rated public and private schools. Some of the best schools in Spencer based on Niche Grades are Spencer Middle School, Johnson Elementary School and Spencer High School. Browse all the schools in Spencer, IA to learn more.

Home Trends in Spencer, IA

On average, homes in Spencer, IA sell after 60 days on the market compared to the national average of 53 days. The median sale price for homes in Spencer, IA over the last 12 months is $169,900, down 19% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$169,900

Median Single Family Sale Price

$145,500

Median 2 Bedroom Sale Price

$55,000

Average Price Per Sq Ft

$114

Number of Homes for Sale

2

Last 12 months Home Sales

41

Months of Supply

0.60

Median List Price

$174,900

Median Change From 1st List Price

4%

Median Home Sale Price YoY Change

-19%