What is the median home value in the Village of Spencer, NY?

The median value of owner-occupied homes in the Village of Spencer, NY is $154,300 (±$28,994), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In the Village of Spencer, the median home value went from $114,300 in 2015–2019 to $154,300 in 2020–2024 (+35.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$154,300 (±$28,994)
Owner-occupied homes
228 (±61)
Most common range
$100,000 to $149,999

Home values in the Village of Spencer

Owner-occupied homes by value, 2020–2024
ValueVillage of SpencerTioga CountyNew YorkUnited States
Less than $50,0005.7% (±6.1 points)9.5%3.9%5.3%
$50,000 to $99,9999.6% (±6.1 points)15.1%5.6%6.1%
$100,000 to $149,99931.6% (±15.7 points)21.5%6.7%6.8%
$150,000 to $199,99922.4% (±11.6 points)18.9%8.3%9.0%
$200,000 to $299,99928.1% (±12.6 points)22.1%13.2%17.8%
$300,000 to $499,9992.6% (±2.6 points)10.6%19.7%26.9%
$500,000 to $999,9990.0% (±16.9 points)1.9%30.1%20.9%
$1,000,000 or more0.0% (±16.9 points)0.3%12.6%7.1%

The most common range is $100,000 to $149,999, 31.6% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

The Village of Spencer against Tioga County, its state and the nation

Estimate (90% margin of error)
Village of SpencerTioga CountyNew YorkUnited States
Median home value$154,300 (±$28,994)$160,800 (±$6,535)$423,800 (±$1,627)$332,700
Owner-occupied homes228 (±61)16,091 (±472)4,196,985 (±19,607)84,210,142

In the Village of Spencer, the median home value is not measurably different from Tioga County ($160,800).

It is also lower than in New York ($423,800).

It is lower than the national figure ($332,700).

In Tioga County, the Village of Spencer ranks 1 of 6 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 366 of 530.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in the Village of Spencer have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$114,300 (±$9,736)$154,300 (±$28,994)+35.0%No measurable change after inflation
Median owner cost with a mortgage$1,205 (±$210)$1,384 (±$61)+14.9%No measurable change after inflation
Median real estate taxes$3,338 (±$249)$3,620 (±$706)+8.4%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near the Village of Spencer

Nearest places with a published estimate, compared with the Village of Spencer
PlaceDistanceMedian home valueCompared with this place
Village of Spencer—$154,300 (±$28,994)—
Town of Spencer1.4 mi$174,000 (±$27,353)Not measurably different
Town of Van Etten4.5 mi$146,500 (±$18,029)Not measurably different
Town of Danby8.1 mi$291,800 (±$29,007)Higher
Village of Candor8.1 mi$119,400 (±$22,486)Not measurably different
Town of Barton9.1 mi$141,000 (±$11,360)Not measurably different
Town of Candor9.2 mi$135,100 (±$48,763)Not measurably different
Town of Erin9.3 mi$133,400 (±$27,451)Not measurably different
Town of Tioga9.9 mi$125,300 (±$35,448)Not measurably different

Nearby places with a measurably higher figure: Town of Danby, NY ($291,800).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Tioga County, place by place

RankPlaceMedian home value
1Village of Spencer$154,300 (±$28,994)
2Village of Owego$147,300 (±$21,480)
3Village of Nichols$147,000 (±$25,569)
4Village of Waverly$140,200 (±$23,071)
5Village of Newark Valley$120,200 (±$8,736)
6Village of Candor$119,400 (±$22,486)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Village of Spencer

What is the average home value in the Village of Spencer, NY?

The Census Bureau publishes the median: $154,300 (±$28,994) for owner-occupied homes in the Village of Spencer (2020–2024 American Community Survey).

Have home values in the Village of Spencer gone up?

In the Village of Spencer, the median home value went from $114,300 in 2015–2019 to $154,300 in 2020–2024 (+35.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in the Village of Spencer sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Spencer village, New York (place:70167, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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