How much do homeowners pay a month in the Village of Spencer, NY?
Homeowners with a mortgage in the Village of Spencer, NY pay a median of $1,384 (±$61) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $669 (±$66).
50.0% of owned homes carry a mortgage.
In the Village of Spencer, the median monthly cost with a mortgage went from $1,205 in 2015–2019 to $1,384 in 2020–2024 (+14.9%).
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 .
- With a mortgage
- $1,384 (±$61)
- Without a mortgage
- $669 (±$66)
- Owned with a mortgage
- 50.0%
Monthly owner costs in the Village of Spencer
| Village of Spencer | Tioga County | New York | United States | |
|---|---|---|---|---|
| With a mortgage | $1,384 (±$61) | $1,559 (±$61) | $2,555 (±$9) | $1,963 |
| Without a mortgage | $669 (±$66) | $622 (±$28) | $958 (±$5) | $638 |
| Owned homes with a mortgage | 50.0% (±13.7 points) | 48.2% (±2.2 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,620 (±$706) | $3,751 (±$156) | $6,582 (±$21) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In the Village of Spencer, the median cost with a mortgage is lower than in Tioga County ($1,559).
It is also lower than in New York ($2,555).
It is lower than the national figure ($1,963).
In Tioga County, the Village of Spencer ranks 3 of 6 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 382 of 528.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in the Village of Spencer have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| 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 |
| Median home value | $114,300 (±$9,736) | $154,300 (±$28,994) | +35.0% | 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 monthly cost with a mortgage in places near the Village of Spencer
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Village of Spencer | — | $1,384 (±$61) | — |
| Town of Spencer | 1.4 mi | $1,740 (±$250) | Higher |
| Town of Van Etten | 4.5 mi | $1,275 (±$238) | Not measurably different |
| Town of Danby | 8.1 mi | $2,373 (±$247) | Higher |
| Village of Candor | 8.1 mi | $1,418 (±$216) | Not measurably different |
| Town of Barton | 9.1 mi | $1,267 (±$184) | Not measurably different |
| Town of Candor | 9.2 mi | $1,683 (±$116) | Higher |
| Town of Erin | 9.3 mi | $1,647 (±$128) | Higher |
| Town of Tioga | 9.9 mi | $1,326 (±$150) | Not measurably different |
Nearby places with a measurably higher figure: Town of Spencer, NY ($1,740), Town of Danby, NY ($2,373), Town of Candor, NY ($1,683).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Tioga County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Village of Newark Valley | $1,447 (±$121) |
| 2 | Village of Candor | $1,418 (±$216) |
| 3 | Village of Spencer | $1,384 (±$61) |
| 4 | Village of Owego | $1,354 (±$207) |
| 5 | Village of Nichols | $1,326 (±$212) |
| 6 | Village of Waverly | $1,227 (±$119) |
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 mortgage payment in the Village of Spencer?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Village of Spencer, NY is $1,384 (±$61) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in the Village of Spencer?
Owners without a mortgage in the Village of Spencer pay a median of $669 (±$66) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in the Village of Spencer gone up?
In the Village of Spencer, the median monthly cost with a mortgage went from $1,205 in 2015–2019 to $1,384 in 2020–2024 (+14.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spencer village, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spencer village, New York
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Spencer village, New York
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Spencer village, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) 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 B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
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 .
Related
- Housing in the Village of Spencer at a glance
- Median rent in the Village of Spencer
- Renters and owners in the Village of Spencer
- Income and affordability in the Village of Spencer
- Home values in the Village of Spencer
- Property taxes in the Village of Spencer
- Types of homes in the Village of Spencer
- Bedrooms in the Village of Spencer
- Age of homes in the Village of Spencer
- Heating fuel in the Village of Spencer
- Commute and cars in the Village of Spencer
- New York landlord and tenant rules
- Housing across Tioga County
- Housing data for every place in New York