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Median Home Price in Spencer, IA

The median home value in Spencer, IA is $203,162 as of 2026-06-30, up 5.77% from a year earlier.

Median Home Value

$203,162

Year-over-Year

+5.77%

Population

11,501

Spencer ranks #43 of 72 Iowa cities tracked here by median home value, and sits 6.5% below the state's city median of $217,178. It sits in Clay County, where the county-wide median is $200,080.

Crime in Spencer

Spencer police recorded a violent crime rate of 52 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 991 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Spencer

How much does a house cost in Spencer, IA?

The median home value in Spencer is $203,162. That's up 5.77% from a year earlier. That is about 6.5% below the typical county in Iowa.

Is Spencer expensive compared to the surrounding area?

Homes in Spencer are more expensive than Clay County as a whole, where the median is $200,080 — a difference of about 1.5%.

Is Spencer a safe place to live?

Spencer police reported 52 violent crimes per 100,000 residents, covering a population of about 11,501. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.