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The median home value in Spencer, MA is $445,024 as of 2026-07-31, up 1.16% from a year earlier.
Median Home Value
$445,024
Year-over-Year
+1.16%
Population
12,130
Spencer ranks #113 of 134 Massachusetts cities tracked here by median home value, and sits 33.0% below the state's city median of $664,186. It sits in Worcester County, where the county-wide median is $504,884.
Median household income in Spencer is $59,931, so the typical home value is about 7.4× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Spencer police recorded a violent crime rate of 82 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 280 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Spencer, that value is $445,024. That's up 1.16% from a year earlier. It is about 33.0% below the typical Massachusetts city tracked here.
Homes in Spencer are cheaper than Worcester County as a whole, where the median is $504,884 — a difference of about 11.9%.
Median household income here is $59,931, so the typical home value is about 7.4× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Spencer police reported 82 violent crimes per 100,000 residents, covering a population of about 12,130. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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