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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, WV Housing Affordability Index

Spencer, West Virginia has an MBR Housing Affordability Index score of 138.5 (Highly Affordable) as of October 30, 2026, ranking 194th most affordable of 257 scored West Virginia cities, compared with 145.2 statewide and 97.4 nationally. On a median-priced $116,800 home with 20% down, the West Virginia average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $634, or 20% of the city’s $37,639 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Spencer is updated every night from live West Virginia 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 138.5 Highly Affordable
Rank in West Virginia 194 of 257 1 = most affordable
West Virginia 145.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.19% West Virginia lenders
Median home value $116,800 U.S. Census Bureau

Spencer is 6.7 points below the West Virginia score. Scores as of October 30, 2026. See the West Virginia index

View Spencer Mortgage Rates

What It Takes to Buy in Spencer

$634/mo
Principal & Interest
Median home, 20% down, 7.19%
$27,200
Income Needed
To keep the payment at 28% of income
$37,639
Median Household Income
West Virginia: $59,608
3.1x
Price-to-Income Ratio
West Virginia: 2.7x
$430/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$936/yr
Median Property Tax
0.80% of median value
19.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
51.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Spencer, West Virginia. The rate is the West Virginia 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, West Virginia score: 138.5 (Highly Affordable), ranked 194 of 257 West Virginia cities. monitorbankrates.com/housing-affordability-index/west-virginia/spencer”