Homes for sale under $200k in Spencer, IA

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ABOUT THIS HOME
Homes for sale under $200k in Spencer, IA
Charming 3 bedroom ranch in a desirable neighborhood near parks and schools. Natural light fills the inviting living spaces, while the functional layout makes everyday living easy. Step outside to enjoy a spacious, well-kept yard, ideal for relaxing evenings or weekend gatherings. Whether you're just starting out or downsizing, this one checks all the boxes!

$190,000

4 beds1 bath1,946 sq ft

1203 W 5th St, Spencer, IA 51301

Spacious yard • Natural light • Functional layout

OPEN DEC 6, 11AM TO 12PM

ABOUT THIS HOME
Homes for sale under $200k in Spencer, IA
Completely Renovated & Beautifully Finished — Move-In Ready Ranch in Spencer, Iowa! This beautifully updated 2-bedroom, 2-bath ranch-style home has been renovated down to the studs after the 2024 flood—Everything inside is new, including drywall, paint, flooring, light fixtures, cabinets, Quartz countertops, and bathrooms. The thoughtful redesign transformed a former third bedroom into a stunning second full bath, creating a private primary ensuite and convenient main-floor laundry. Enjoy the inviting three-season sunroom, perfect for relaxing or entertaining. Additional features include a new central air system, heat pump & a spacious two-car attached garage. The

$175,000

2 beds2 baths1,040 sq ft

304 9th St SW, Spencer, IA 51301

Heat pump • Main-floor laundry • Three-season sunroom

ABOUT THIS HOME
Homes for sale under $200k in Spencer, IA
This well-maintained ranch-style home offers new flooring, comfortable, one-level living with 3 bedrooms, 2 bathrooms. The lower level has great spaces, a family room and possible bedroom or office. The kitchen features ample cabinet and counter space, modern appliances, perfect for families, retirees, or anyone looking for a cozy and functional home. Enjoy Iowa’s beautiful seasons in the large backyard, perfect for barbecues, gardening, or simply unwinding. Located on a quiet cul-de-sac, this home combines peaceful living with easy access to local schools, parks, and shopping.

$171,000

4 beds2 baths1,802 sq ft

817 Fisher Ct, Spencer, IA 51301

Quiet cul-de-sac • One-level living • Large backyard

ABOUT THIS HOME
Homes for sale under $200k in Spencer, IA
Your Spencer opportunity awaits! Raise your family in this awesome 4 bed 2 bath home with a spacious 3 car garage! Multiple living spaces on the main level makes for comfortable room for the whole family. Bathroom on main and upper level! Updated kitchen! Fenced back yard for your children and pets to enjoy! Set up your private viewing today!

$169,900

4 beds2 baths1,482 sq ft

523 4th Ave W, Spencer, IA 51301

Fenced back yard • Updated kitchen • 0.25 acre lot

ABOUT THIS HOME
Homes for sale under $200k in Spencer, IA
This cabin style home on a corner lot is all updated! 2 bed, 1 bath, with potential for lower level bath. With partial finished basement and bar, great for entertaining or just relaxing in privacy. There is potential for 2nd bath in basement as well. 3 car garage with one heated section for projects, man cave, etc. Back yard has room for garden or playset for a small family. Great property for the price!

$164,500

2 beds1 bath1,162 sq ft

424 E 10th St St, Spencer, IA 51301

Back yard • Heated section • Corner lot

Property at 215 6th St SW, Spencer, IA 51301, 3 beds, 1.5 baths

$159,000

3 beds1.5 baths1,040 sq ft

215 6th St SW, Spencer, IA 51301

Property at 821 Fisher Ct, Spencer, IA 51301, 2 beds, 1.5 baths

$159,000

2 beds1.5 baths1,296 sq ft

821 Fisher Ct, Spencer, IA 51301

Property at 1625 3rd Ave E, Spencer, IA 51301, 2 beds, 2 baths

$149,900

2 beds2 baths1,513 sq ft

1625 3rd Ave E, Spencer, IA 51301

Property at 516 E 4th St, Spencer, IA 51301, 5 beds, 1.5 baths

$149,000

5 beds1.5 baths1,700 sq ft

516 E 4th St, Spencer, IA 51301

Property at 623 W 5th St, Spencer, IA 51301, 2 beds, 1.5 baths

$147,000

2 beds1.5 baths988 sq ft

623 W 5th St, Spencer, IA 51301

Property at 818 2nd Ave SE, Spencer, IA 51301, 4 beds, 1 bath

$144,000

4 beds1 bath1,212 sq ft

818 2nd Ave SE, Spencer, IA 51301

Property at 209 Southmoor Dr, Spencer, IA 51301, 3 beds, 1 bath

$140,000

3 beds1 bath1,008 sq ft

209 Southmoor Dr, Spencer, IA 51301

Property at 4 Haro Dr, Spencer, IA 51301, 3 beds, 2 baths

$140,000

3 beds2 baths1,296 sq ft

4 Haro Dr, Spencer, IA 51301

Property at 543 7th Ave W, Spencer, IA 51301, 2 beds, 1.5 baths

$134,500

2 beds1.5 baths976 sq ft

543 7th Ave W, Spencer, IA 51301

Property at 19 E 2nd St, Spencer, IA 51301, 4 beds, 2 baths

$125,000

4 beds2 baths2,050 sq ft

19 E 2nd St, Spencer, IA 51301

Property at 309 12th Ave W, Spencer, IA 51301, 3 beds, 1 bath

$125,000

3 beds1 bath1,232 sq ft

309 12th Ave W, Spencer, IA 51301

Property at 32 W 1st St, Spencer, IA 51301, 3 beds, 1 bath

$123,000

3 beds1 bath1,195 sq ft

32 W 1st St, Spencer, IA 51301

Property at 402 E Park St St, Spencer, IA 51301, 2 beds, 1 bath

$117,500

2 beds1 bath816 sq ft

402 E Park St St, Spencer, IA 51301

Property at 900 W 5th St, Spencer, IA 51301, 3 beds, 1 bath

$110,000

3 beds1 bath864 sq ft

900 W 5th St, Spencer, IA 51301

Property at 525 E 2nd St, Spencer, IA 51301, 3 beds, 2 baths

$109,000

3 beds2 baths1,000 sq ft

525 E 2nd St, Spencer, IA 51301

Property at 309 1st St E, Spencer, IA 51301, 2 beds, 1 bath

$103,000

2 beds1 bath879 sq ft

309 1st St E, Spencer, IA 51301

Property at 601 E Milw St, Spencer, IA 51301, 2 beds, 1 bath

$98,900

2 beds1 bath1,008 sq ft

601 E Milw St, Spencer, IA 51301

Property at 427 6th Ave W, Spencer, IA 51301, 2 beds, 1 bath

$93,400

2 beds1 bath1,149 sq ft

427 6th Ave W, Spencer, IA 51301

Property at 115 3rd Ave Ave NW, Fostoria, IA 51340, 3 beds, 2 baths

$80,000

3 beds2 baths1,330 sq ft

115 3rd Ave Ave NW, Fostoria, IA 51340

Property at 520 E 2nd St, Spencer, IA 51301, 2 beds, 1 bath

$70,000

2 beds1 bath884 sq ft

520 E 2nd St, Spencer, IA 51301

Property at 813 6th Ave SW, Spencer, IA 51301, 2 beds, 2 baths

$59,900

2 beds2 baths1,222 sq ft

813 6th Ave SW, Spencer, IA 51301

Property at 2106 1st Ave E #46, Spencer, IA 51301, 3 beds, 2 baths

$37,000

3 beds2 baths1,216 sq ft

2106 1st Ave E #46, Spencer, IA 51301

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Homes for sale under $200k in Spencer

There are currently 27 homes for sale under $200k in Spencer. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Spencer stay on the market for 51 days. This map is refreshed with the newest listings in Spencer every 15 minutes.

In the past month, 10 homes have been sold in Spencer. In addition to houses in Spencer, there were also 5 condos, 2 townhouses, and 9 multi-family units for sale in Spencer last month. Find your dream home in Spencer using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Spencer are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Spencer. Our Spencer real estate stats and trends will give you more information about home buying and selling trends in Spencer. If you're looking to sell your home in the Spencer area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Spencer with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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