Spencer Makes Realtor.com Top 10 List Of Most Affordable Towns For 2018
(Spencer)-- The city of Spencer has placed in the top 10 most affordable small towns for 2018 in a ranking put together by Realtor.com. Spencer is ranked 10th on the list nationwide.
The website says it looked at more than 500 areas designated by the U.S. Census as a micropolitan area, or communities with a population between 10,000 and 50,000.
The rankings are based on median home prices, low unemployment rates, serious crime rates that are below the national average and households that spend no more than 28 percent of their annual income on housing costs. Quality of life, history, recreation and culture are also considered.