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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Spencer, NY Housing Affordability Index

Spencer, New York has an MBR Housing Affordability Index score of 108.0 (Near National Average) as of October 30, 2026, ranking 489th most affordable of 922 scored New York cities, compared with 80.2 statewide and 97.4 nationally. On a median-priced $154,300 home with 20% down, the New York average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $844, or 20% of the city’s $51,765 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Spencer is updated every night from live New York mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Spencer MBR-HAI 108.0 Near National Average
Rank in New York 489 of 922 1 = most affordable
New York 80.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New York lenders
Median home value $154,300 U.S. Census Bureau

Spencer is 27.8 points above the New York score. Scores as of October 30, 2026. See the New York index

View Spencer Mortgage Rates

What It Takes to Buy in Spencer

$844/mo
Principal & Interest
Median home, 20% down, 7.27%
$36,200
Income Needed
To keep the payment at 28% of income
$51,765
Median Household Income
New York: $85,974
3.0x
Price-to-Income Ratio
New York: 4.9x
$1,000/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,059/yr
Median Property Tax
1.98% of median value
32.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
62.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Spencer, New York. The rate is the New York average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Spencer Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Spencer, New York score: 108.0 (Near National Average), ranked 489 of 922 New York cities. monitorbankrates.com/housing-affordability-index/new-york/spencer”