Market Overview
Home Prices in Spencerville, MD
The median home value in Spencerville, MD is $777,909 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spencerville are priced90% above average. Spencerville is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Spencerville home values have risen by approximately11.3%, reflecting steady appreciation in this market.
Price History
Spencerville Home Price Trend
City Comparison
Spencerville vs. National Median
At $777,909, homes in Spencerville cost 90% above the national median of $410,000. Buyers in Spencerville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Spencerville?
20% Down Payment
$155,582
on $777,909
Monthly P&I
$4,057/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,152/mo
incl. taxes & insurance
Income Needed
$206,080
gross annual (30% rule)
10% Down Option
$77,791
+ PMI applies
Loan Amount (20% dn)
$622,327
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Spencerville, MD?
The median home value in Spencerville is $777,909 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Spencerville?
Over the past year, home values in Spencerville have decreased by 1.3%. Over five years, prices have risen approximately 11.3%.
How much do I need to earn to buy a home in Spencerville?
To comfortably afford the median home price of $777,909 with a 20% down payment ($155,582) at today's rates (6.8%), you'd need a gross annual income of approximately $206,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Spencerville compare to the national average home price?
The national median home value is approximately $410,000. At $777,909, homes in Spencerville are 90% above the national average.
What metro area is Spencerville part of?
Spencerville is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.