The median home in Spencer, Iowa is valued at $189,253, up 5.8% year over year. Spencer is part of the Spencer, IA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$189,253

+5.8%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$37,851 on $189,253

Example: $75,000 household income. Change it above to see your own.

Affordable21.7% of income

Under the 28% guideline.

PITI$1,355

P/I21.7%

Afford$244K

Room+$55K

P&I $957Tax $248Ins $150

6.50% 30yr, 20% down, county tax + IA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Iowa

Compare Spencer with other housing markets across Iowa.

West Okoboji$794K Orleans$629K Wahpeton$550K Shueyville$525K Cumming$508K Panora$474K Honey Creek$441K Ackworth$437K

Full Spencer, IA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Spencer, IA metro.

View Spencer, IA metro

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