The median home in Spencer, Ohio is valued at $303,098, up 0.6% year over year. Spencer is part of the Cleveland-Elyria, OH metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Cleveland-Elyria, OH stress score, crash risk, and 12-month forecast →

Home Value$303,098

+0.6%

AFFORDABILITY

Enter your income for Spencer.

Income (annual)

Down Payment

$60,620 on $303,098

Stretch — 32.4% of income

Above 28% but manageable with cuts.

PITI$2,027

P/I32.4%

Afford$262K

Gap-$41K

P&I $1,533Tax $394Ins $100

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

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

Other cities in Ohio

Compare Spencer with other housing markets across Ohio.

Hunting Valley$1601K The Village of Indian Hill$1575K Bentleyville$820K Waite Hill$748K Kirtland Hills$741K Gates Mills$734K Marble Cliff$731K Terrace Park$726K

Full Cleveland-Elyria, OH analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cleveland-Elyria, OH metro.

View Cleveland-Elyria, OH metro →

SPENCER, OH