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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Spencerport, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Spencerport, NY Housing Market Trends

With 3,656 people, 1,574 houses or apartments, and a median cost of homes of $217,750, house prices in Spencerport are solidly below the national average.

Single-family detached homes are the single most common housing type in Spencerport, accounting for 64.69% of the village's housing units. Other types of housing that are prevalent in Spencerport include large apartment complexes or high rise apartments ( 17.25%), duplexes, homes converted to apartments or other small apartment buildings ( 10.70%), and a few row houses and other attached homes ( 7.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spencerport. Owner-occupied housing accounts for 66.07% of Spencerport's homes, and 61.60% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Spencerport's housing was primarily built during this period, from the '40s through the '60s. A full 39.08% of the village's housing hails from this era. Other housing ages represented in Spencerport include homes built between 1970-1999 ( 28.76%) and housing constructed before 1939 ( 19.79%). There's also some housing in Spencerport built between 2000 and later ( 12.37%).

Spencerport Home Appreciation Rates

Spencerport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Spencerport during the period has been just 5.27%, which is lower than 70% of US communities.

Appreciation rates are so strong in Spencerport that despite a nationwide downturn in the housing market, Spencerport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spencerport appreciation rates continue to be some of the highest in America, at 11.24%, which is higher than appreciation rates in 97.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spencerport. Spencerport appreciation rates in the latest quarter were at 1.91%, which equates to an annual appreciation rate of 7.84%.

Relative to New York, our data show that Spencerport's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

Median Home Value

$217,750

Spencerport, NY Home Prices
> $1,287,000
$965,001 - $1,287,000
$644,001 - $965,000
$515,001 - $644,000
$386,001 - $515,000
$257,001 - $386,000
$129,001 - $257,000
$64,001 - $129,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
4.7%
4.7%
3.1%
3.1%
7.7%
7.7%
18.0%
18.0%
63.9%
63.9%
0.8%
0.8%
1.8%
1.8%
0% 100.0%
% of Homes
Low

for New york

Low

for nation

Number of Homes And Apartments:

1,574

Spencerport Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,538 / per month

Homeownership Rate

Owners
Renters
66.1%
66.1%
33.9%
33.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.4%
12.4%
28.8%
28.8%
39.1%
39.1%
19.8%
19.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.7%
64.7%
7.4%
7.4%
10.7%
10.7%
17.3%
17.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.3%
3.3%
8.6%
8.6%
25.2%
25.2%
38.8%
38.8%
22.8%
22.8%
1.4%
1.4%
0% 100.0%
% of Homes