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Foreclosure Homes in Spencer, MA

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Wilson-ave-Spencer-MA-01562
Preforeclosure
$348,500 EMV

Wilson Ave
Spencer, MA 01562

3 Bed | 2.5 Bath | 1,664 Sq. Ft.

School-st-Spencer-MA-01562
Preforeclosure
$196,860 EMV

School St
Spencer, MA 01562

3 Bed | 1 Bath | 941 Sq. Ft.

Maple-st-Spencer-MA-01562
Preforeclosure
$200,109 EMV

Maple St
Spencer, MA 01562

Hastings-rd-Spencer-MA-01562
Bankruptcy
$507,504 EMV

Hastings Rd
Spencer, MA 01562

3 Bed | 3 Bath | 3,538 Sq. Ft.

Irving-st-Spencer-MA-01562
Bankruptcy
$270,863 EMV

Irving St
Spencer, MA 01562

4 Bed | 1 Bath | 1,008 Sq. Ft.

Browning-pond-rd-Spencer-MA-01562
Bankruptcy
$303,960 EMV

Browning Pond Rd
Spencer, MA 01562

6 Bed | 4 Bath | 2,480 Sq. Ft.

Oak-ln-Spencer-MA-01562
Bankruptcy
$369,569 EMV

Oak Ln
Spencer, MA 01562

3 Bed | 1 Bath | 1,784 Sq. Ft.

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Home Value Estimator For Spencer, MA

There are currently 3,727 real estate properties in Spencer, MA, with a median automated valuation model (AVM) price of $314,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spencer, MA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Spencer, MA, is $339,030.00, with the most expensive house in Spencer, MA, topping out at $1,280,700.00 and the cheapest home in Spencer, MA, clocking in at $118,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Spencer, MA!


Rent Prices In Spencer, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spencer, MA, is on a rollercoaster ride. The average rent price in Spencer, MA, is $1,721.00. Indeed, when looking to rent in Spencer, MA, you can expect to pay as little as $920.00 or as much as $2,720.00, with the average rent median estimated to be $1,810.00. The good news is that finding an affordable and desirable property to rent in Spencer, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Spencer, MA

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Spencer, MA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Spencer, MA and much more. Save thousands at closing with home foreclosure listings in Spencer, MA — up to 75% off market value!


Top Reasons To Live In Spencer, MA In 2021

Spencer is located in Worcester, Massachusetts, with an estimated municipal population of 11,928 residents. All of the best foreclosed homes for sale in Spencer are located in the following zip code areas on Foreclosure.com: 01562. The estimated population per square kilometer (.62 miles) in Spencer is 140.


Cost Of Living In Spencer, MA

So, about how much do homes cost in Spencer? The most recent median value of resident-owned homes in Spencer is 255,383. An estimated 70.6 percent of households in Spencer own their homes, with an average family size of 2.92. The median household income in Spencer is 72,821, with34.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spencer, the median commute time of resident workers (in minutes) is 33.1. And last, but certainly not least, are you looking for homes to rent in Spencer? If so, the average rent price paid by renters in Spencer is 890, according to recent statistics.


Diversity And Demographics In Spencer, Massachusetts

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Spencer, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Spencer is 45.7, split between 52.5 percent male versus 47.5 female. The percentage of residents who report being married in Spencer is 52.5, with an average family size of 2.92.

The percentage of residents who report their race in Spencer is as follows:

White 93.3%
Black / African American 1%
Asian 3.5%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0%

Looking for family-friendly neighborhoods in and/or near Spencer? Or maybe you are searching for 55+ active adult communities in and/or near Spencer?

The percentage of residents who report their age in Spencer is as follows:

Under 10 6.8%
Aged 10-19 11.9%
20s 10%
30s 15.5%
40s 12.4%
50s 16%
60s 15.5%
70s 8.2%
80+ 3.7%

Best Schools In Spencer, Massachusetts

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Spencer with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spencer.


Pros And Cons Of Living In Spencer, Massachusetts

How do you know that living in -- or moving to -- Spencer is right where you need to be? Perhaps you grew up in Spencer or already live nearby; therefore, the decision to buy a home in Spencer is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spencer for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Spencer:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spencer.


Reasons To Move To Spencer, Massachusetts, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spencer can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spencer, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Spencer, MA

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