Spencer, NC housing market
The typical Spencer home is worth about $205,000, down 4.7% in a year, 39% below the North Carolina typical home.
Home values, sales, trends and how Spencer compares with the towns next door — updated as new data is published.
Spencer at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Spencer | North Carolina |
|---|---|---|
| 2017 | $84,000 | $179,000 |
| 2018 | $94,000 | $190,000 |
| 2019 | $103,000 | $203,000 |
| 2020 | $115,000 | $215,000 |
| 2021 | $141,000 | $242,000 |
| 2022 | $173,000 | $287,000 |
| 2023 | $194,000 | $320,000 |
| 2024 | $212,000 | $332,000 |
| 2025 | $222,000 | $338,000 |
| 2026 | $209,000 | $336,000 |
| August 2026 | $205,000 | $335,000 |
Spencer and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Spencer | $205K | −4.7% | $1,270 | $65,465 |
| Salisbury | $282K | +0.3% | $1,220 | $53,716 |
| East Spencer | — | +2.5%† | $1,230 | $34,417 |
† FHFA price index change, where Zillow has no home value for the town.
3.1 years of income
The typical Spencer home costs about 3.1 years of the town's median household income, less than across North Carolina (4.6 years).
How Spencer ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,270
HUD's Fair Market Rent for a two-bedroom in Spencer is $1,270 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Spencer pay a median of $1,000, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,020 · 4 bedrooms $2,140
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28144, 28159; Rowan County, NC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.