How much do homeowners pay a month in East Spencer, NC?
Homeowners with a mortgage in East Spencer, NC pay a median of $1,095 (±$67) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $455 (±$31).
45.1% of owned homes carry a mortgage.
In East Spencer, the median monthly cost with a mortgage went from $1,105 in 2015–2019 to $1,095 in 2020–2024 (−0.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- With a mortgage
- $1,095 (±$67)
- Without a mortgage
- $455 (±$31)
- Owned with a mortgage
- 45.1%
Monthly owner costs in East Spencer
| East Spencer | Rowan County | North Carolina | United States | |
|---|---|---|---|---|
| With a mortgage | $1,095 (±$67) | $1,429 (±$32) | $1,631 (±$6) | $1,963 |
| Without a mortgage | $455 (±$31) | $412 (±$14) | $490 (±$3) | $638 |
| Owned homes with a mortgage | 45.1% (±20.4 points) | 60.3% (±1.8 points) | 61.3% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $957 (±$298) | $1,554 (±$53) | $1,896 (±$8) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In East Spencer, the median cost with a mortgage is lower than in Rowan County ($1,429).
It is also lower than in North Carolina ($1,631).
It is lower than the national figure ($1,963).
In Rowan County, East Spencer ranks 10 of 10 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 569 of 641.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in East Spencer have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,105 (±$169) | $1,095 (±$67) | −0.9% | Down after inflation |
| Median real estate taxes | $910 (±$135) | $957 (±$298) | +5.2% | No measurable change after inflation |
| Median home value | $79,500 (±$8,959) | $112,000 (±$14,700) | +40.9% | 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 East Spencer
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| East Spencer | — | $1,095 (±$67) | — |
| Spencer | 1.4 mi | $1,336 (±$97) | Higher |
| Salisbury | 4.0 mi | $1,500 (±$121) | Higher |
| Granite Quarry | 4.8 mi | $1,482 (±$353) | Higher |
| Faith | 6.5 mi | $1,471 (±$332) | Higher |
| Southmont | 8.5 mi | $1,930 (±$165) | Higher |
| Tyro | 8.7 mi | $1,164 (±$77) | Not measurably different |
| Rockwell | 8.8 mi | $1,397 (±$125) | Higher |
| China Grove | 11 mi | $1,420 (±$278) | Higher |
Nearby places with a measurably higher figure: Spencer, NC ($1,336), Salisbury, NC ($1,500), Granite Quarry, NC ($1,482).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Rowan County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 4 | Cleveland | $1,481 (±$163) |
| 5 | Faith | $1,471 (±$332) |
| 6 | China Grove | $1,420 (±$278) |
| 7 | Enochville | $1,402 (±$91) |
| 8 | Rockwell | $1,397 (±$125) |
| 9 | Spencer | $1,336 (±$97) |
| 10 | East Spencer | $1,095 (±$67) |
Showing 7 of 10 places in Rowan County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in East Spencer
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for East Spencer beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near East Spencer, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near East Spencer, and send estimates and invoices from your phone.
Questions about East Spencer
What is the average mortgage payment in East Spencer?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in East Spencer, NC is $1,095 (±$67) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in East Spencer?
Owners without a mortgage in East Spencer pay a median of $455 (±$31) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in East Spencer gone up?
In East Spencer, the median monthly cost with a mortgage went from $1,105 in 2015–2019 to $1,095 in 2020–2024 (−0.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — East Spencer town, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — East Spencer town, North Carolina
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — East Spencer town, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — East Spencer town, North Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — East Spencer town, North Carolina
- 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 East Spencer town, North Carolina (place:19860, in state:37).
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 East Spencer at a glance
- Rent burden in East Spencer
- Renters and owners in East Spencer
- Home values in East Spencer
- Property taxes in East Spencer
- Types of homes in East Spencer
- Bedrooms in East Spencer
- Age of homes in East Spencer
- Heating fuel in East Spencer
- Commute and cars in East Spencer
- Crime reported to police in East Spencer
- Population growth in East Spencer
- North Carolina landlord and tenant rules
- Housing across Rowan County
- Housing data for every place in North Carolina