Real Estate Investing in Spencer, Massachusetts

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 11,961 • Worcester County

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Should you buy in Spencer, MA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (58/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 11.4% vacancy may signal weakening demand.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Spencer, MA?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.3% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $444,934
Avg Monthly Rent $1,896
ZIP Codes 1

Investing in Spencer Real Estate

Spencer (Massachusetts) spans 1 ZIPs and roughly a sizable population. unambiguously the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Across Spencer's 1 ZIPs, fundamentals run subdued: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rent trends and price trends in Spencer are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Massachusetts.

Distressed-leaning demographics in Spencer — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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Best ZIP codes in Worcester, MA-CT

Spencer is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Worcester County

Manage rentals here? List your business →

Ruane Property Management LLC offers commercial and residential property management services. summary from their website

Commercial
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AP Services MA offers services to build, manage, and maintain properties. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$444,934
Avg Monthly Rent
$1,896
1% Rule
✗ Below
Landlord Friendly (MA)

ZIP Codes in Spencer, MA

Screen every ZIP in Spencer

Filter Spencer’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Spencer, MA

Is housing expensive in Spencer, MA?

In Spencer, MA the median home value sits at $445K. Against the broader MA market, that reads as reasonable for most investors.

Do rentals sit vacant long in Spencer, MA?

Spencer, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.

Are tenants stable in Spencer, MA?

Tenant demand in Spencer, MA is solid. The local workforce $1,896/mo rents across most rental classes.

Is rental property easy to operate in Spencer, MA?

Spencer, MA falls under MA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.

How does Spencer, MA rate as a rental market?

Yes - Spencer, MA a 3.0/5 investability score. With $445K home prices against $1,896/mo monthly rent, the market delivers a reasonable entry point for new investors.

Community Ratings

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