Is Spencer, MA a good place to invest in rental property?

Spencer, MA has a median modeled monthly cash flow of $-1,105 and a median cap rate of 3.3%, on a median sold price of $455,000. Prices changed -1.5% year over year.

What is the average cap rate in Spencer, MA?

The median cap rate across recently sold homes in Spencer, MA is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spencer, MA?

The median sold price in Spencer, MA is $455,000 (about $258 per square foot).

Investing in Spencer, MA Real Estate

A data-driven snapshot of the Spencer, MA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$455,000Median sold price

$258Median $/sqft

3.3%Median cap rate

$-1,105Modeled cash flow / mo

-1.5%Appreciation YoY

6.2Months of supply

64Active listings

124Sold (last 12 mo)

What the Spencer numbers say

In Spencer, MA, the median home sold for $455,000 (about $258 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-1,105 of monthly cash flow. Sold prices moved -1.5% over the past year. Inventory sits at about 6.2 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Massachusetts markets to compare

See Spencer cash-flowing listings

CashFlowRE ranks every for-sale home in Spencer, MA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Spencer deals, or browse the national market data.