What is the median home value in Spencer Township (Medina County), OH?
The median value of owner-occupied homes in Spencer Township (Medina County), OH is $277,100 (±$24,664), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Spencer Township (Medina County), the median home value went from $167,300 in 2015–2019 to $277,100 in 2020–2024 (+65.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $277,100 (±$24,664)
- Owner-occupied homes
- 635 (±104)
- Most common range
- $200,000 to $299,999
Home values in Spencer Township (Medina County)
| Value | Spencer Township (Medina County) | Medina County | Ohio | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.0% (±5.7 points) | 2.8% | 6.3% | 5.3% |
| $50,000 to $99,999 | 1.4% (±2.2 points) | 1.8% | 10.0% | 6.1% |
| $100,000 to $149,999 | 5.4% (±4.9 points) | 5.6% | 13.4% | 6.8% |
| $150,000 to $199,999 | 18.9% (±7.8 points) | 12.1% | 16.3% | 9.0% |
| $200,000 to $299,999 | 34.6% (±13.5 points) | 31.6% | 23.3% | 17.8% |
| $300,000 to $499,999 | 30.7% (±13.5 points) | 34.0% | 21.8% | 26.9% |
| $500,000 to $999,999 | 5.4% (±4.5 points) | 10.7% | 7.7% | 20.9% |
| $1,000,000 or more | 3.6% (±2.9 points) | 1.3% | 1.2% | 7.1% |
The most common range is $200,000 to $299,999, 34.6% 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.
Spencer Township (Medina County) against Medina County, its state and the nation
| Spencer Township (Medina County) | Medina County | Ohio | United States | |
|---|---|---|---|---|
| Median home value | $277,100 (±$24,664) | $287,000 (±$4,036) | $214,800 (±$742) | $332,700 |
| Owner-occupied homes | 635 (±104) | 58,653 (±809) | 3,267,904 (±16,882) | 84,210,142 |
In Spencer Township (Medina County), the median home value is not measurably different from Medina County ($287,000).
It is also higher than in Ohio ($214,800).
It is lower than the national figure ($332,700).
In Medina County, Spencer Township (Medina County) ranks 16 of 28 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 387 of 2,341.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Spencer Township (Medina County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $167,300 (±$18,144) | $277,100 (±$24,664) | +65.6% | Up after inflation |
| Median owner cost with a mortgage | $1,313 (±$194) | $1,780 (±$153) | +35.6% | No measurable change after inflation |
| Median real estate taxes | $2,202 (±$346) | $3,195 (±$302) | +45.1% | 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 Spencer Township (Medina County)
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Spencer Township (Medina County) | — | $277,100 (±$24,664) | — |
| Spencer | 1.6 mi | $165,300 (±$9,344) | Lower |
| Penfield Township | 3.5 mi | $333,800 (±$31,682) | Higher |
| Chatham Township | 4.2 mi | $238,200 (±$26,152) | Lower |
| Litchfield Township | 5.4 mi | $271,100 (±$28,021) | Not measurably different |
| Homer Township (Medina County) | 5.9 mi | $283,100 (±$13,963) | Not measurably different |
| Huntington Township (Lorain County) | 6.2 mi | $313,800 (±$33,915) | Not measurably different |
| Wellington | 7.0 mi | $197,000 (±$38,711) | Lower |
| Pheasant Run | 7.0 mi | $191,300 (±$70,449) | Lower |
Nearby places with a measurably lower figure: Spencer, OH ($165,300), Chatham Township, OH ($238,200), Wellington, OH ($197,000).
Nearby places with a measurably higher figure: Penfield Township, OH ($333,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Medina County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 10 | Medina Township | $337,700 (±$21,956) |
| 11 | Brunswick Hills Township | $318,800 (±$14,492) |
| 12 | Westfield Township (Medina County) | $301,000 (±$30,801) |
| 13 | Wadsworth Township | $292,700 (±$35,872) |
| 14 | Homer Township (Medina County) | $283,100 (±$13,963) |
| 15 | Lafayette Township (Medina County) | $281,300 (±$11,879) |
| 16 | Spencer Township (Medina County) | $277,100 (±$24,664) |
| 17 | Litchfield Township | $271,100 (±$28,021) |
| 18 | Harrisville Township | $261,500 (±$25,847) |
| 19 | Brunswick | $249,100 (±$7,425) |
| 20 | Wadsworth | $247,900 (±$10,491) |
| 21 | Medina | $243,600 (±$8,680) |
| 22 | Chatham Township | $238,200 (±$26,152) |
Showing 13 of 28 places in Medina 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.
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Questions about Spencer Township (Medina County)
What is the average home value in Spencer Township (Medina County), OH?
The Census Bureau publishes the median: $277,100 (±$24,664) for owner-occupied homes in Spencer Township (Medina County) (2020–2024 American Community Survey).
Have home values in Spencer Township (Medina County) gone up?
In Spencer Township (Medina County), the median home value went from $167,300 in 2015–2019 to $277,100 in 2020–2024 (+65.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Spencer Township (Medina County) 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Spencer township, Medina County, Ohio
- 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) for Spencer township, Medina County, Ohio (county subdivision:73999, in state:39 county:103).
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.
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 .
Related
- Housing in Spencer Township (Medina County) at a glance
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- Homeowner costs in Spencer Township (Medina County)
- Property taxes in Spencer Township (Medina County)
- Types of homes in Spencer Township (Medina County)
- Age of homes in Spencer Township (Medina County)
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- Commute and cars in Spencer Township (Medina County)
- Population growth in Spencer Township (Medina County)
- Fair Market Rent in Spencer Township (Medina County)
- Ohio landlord and tenant rules
- Housing across Medina County
- Ohio places ranked by median home value
- Housing data for every place in Ohio