Spencer is located in Oklahoma, Oklahoma, with an estimated municipal population of 3,968 residents. All of the best foreclosed homes for sale in Spencer are located in the following zip code areas on Foreclosure.com: 73141 73084. The estimated population per square kilometer (.62 miles) in Spencer is 285.
So, about how much do homes cost in Spencer? The most recent median value of resident-owned homes in Spencer is 79,685. An estimated 64.4 percent of households in Spencer own their homes, with an average family size of 3.46. The median household income in Spencer is 40,000, with9.2 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 26.3. 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 761, according to recent statistics.
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 43.1, split between 52.4 percent male versus 47.6 female. The percentage of residents who report being married in Spencer is 34.3, with an average family size of 3.46.
The percentage of residents who report their race in Spencer is as follows:
| White | 33.3% |
| Black / African American | 52.6% |
| Asian | 0.6% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 11.8% |
| Other | 1.4% |
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 | 8.4% |
| Aged 10-19 | 14.3% |
| 20s | 12.8% |
| 30s | 12.7% |
| 40s | 8.9% |
| 50s | 17.9% |
| 60s | 10.7% |
| 70s | 5.9% |
| 80+ | 8.6% |
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.
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:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spencer.
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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