Spencer Homes under $200,000

Welcome to Spencer, Oklahoma – a hidden gem nestled within the vibrant Oklahoma County! Known for its rich history and strong sense of community, Spencer offers a unique blend of small-town charm and urban convenience. With its friendly neighborhoods and picturesque parks, Spencer is the ideal place for families, first-time homebuyers, and anyone seeking a peaceful lifestyle without sacrificing access to city amenities.

One of the most appealing aspects of Spencer is its affordability. For those looking to invest in their future, the real estate market here boasts a variety of homes priced under $200,000. Whether you’re searching for a cozy bungalow, a spacious family home, or a charming fixer-upper, Spencer has something to suit every taste and budget. These homes often feature inviting yards, ample living space, and the potential for personalization, making them perfect for creating lasting memories.

In addition to its attractive housing options, Spencer is conveniently located just a short drive from downtown Oklahoma City, where residents can enjoy a wealth of dining, shopping, and entertainment options. Local parks and recreational facilities provide opportunities for outdoor activities, while schools in the area are committed to fostering a nurturing environment for students.

Embrace the warmth and community spirit of Spencer, Oklahoma. With affordable homes and a welcoming atmosphere, this charming city is ready to help you start your next chapter. Explore the possibilities today and discover why Spencer is the perfect place to call home!

Newest Spencer Homes under $200,000

$189,900

3 Beds ⋅ 2 Baths ⋅ 1252213 MLS

Built in 2024, this 3-bedroom, 2-bath home features modern finishes and inviting spaces throughout. The kitchen offers granite countertops, dark cabinetry, a tile backsplash, stainless steel appliances, and a convenient pass-through to the living area. Marble-look tile flooring highlights the kitchen and entry, while carpet adds comfort to the living room and bedrooms. Both bathrooms feature granite-topped vanities and tiled tub/shower surrounds. A two-car attached garage and covered back patio complete this appealing home. Competitively priced for a quick sale—schedule your showing today!

8502 NE 34th Place, Spencer

$79,999

2 Beds ⋅ 1 Baths ⋅ 1251281 MLS

Discover the possibilities at this property situated on approximately 0.47 acres in Spencer. 2 bed, 1 bath, and back yard access. With no HOA and no known CCRs, this property offers flexibility for buyers looking for a project, investment opportunity, or a place to create something of their own while still being conveniently located near the Okc area. The home offers utilities already on site, well already on property just need to add the pump, and an existing septic system. The property is fully fenced and gated, providing added privacy and a defined space to make your own. Whether you are looking to renovate and flip, build your next project, or put your own vision into a property with room to work, this one offers plenty of potential. Come explore the possibilities and see what you can create! Being sold AS-IS! Schedule your showing today.

3600 Sunset Terrace, Spencer

$89,900

3 Beds ⋅ 2 Baths ⋅ 1249309 MLS

Fixer-upper in the heart of Spencer! Garage converted into a family room or 4th bedroom. Almost a clean pallet to begin your design, rehab, and build! Patio was enclosed to make a nice spot to watch the wilderness on the 1.15 acre (mol) parcel of land. Home has been all but gutted so you can make it into what you want and pretty quick, too! This foreclosure home does not qualify for traditional mortgages so bring your cashier's check and favorite contractor to make this a beautiful fix and flip, or, fix and hold a part of your investment portfolio! Call your favorite Buyer's Agent today!

4513 Sunset Terrace, Spencer

$140,000

3 Beds ⋅ 5 Baths ⋅ 1248462 MLS

Investor/Builder Package — Two Lots for $140,000 This package includes a partially completed new-construction home and the adjoining vacant lot, offering an excellent opportunity for an investor or builder. The first home is approximately 45% complete, with the slab, framing, roof, rough-ins, and nearly all windows already installed. Once completed, the home will feature a two-car garage, covered patio, good-sized backyard, and composition roof. The estimated appraised value of the first home after completion is approximately $2225,000, providing strong potential value for an investor or builder. The adjoining lot is also included in the sale. It measures approximately 6,390 square feet (0.147 acres) and already has a concrete slab and sewer work completed. Some roofing materials and lumber for the second home are also included. A buyer could finish the first home and then: • Build a second home on the adjoining lot • Sell the prepared lot to another builder or investor • Hold the lot for a future construction project Package Price for Both Properties: $140,000 This is a unique opportunity to acquire two construction projects with significant preliminary work and materials already completed

8506 NE 34th Place, Spencer

$165,000

4 Beds ⋅ 2 Baths ⋅ 1246611 MLS

Nice starter home in a convenient location... Nice backyard area that is perfect for outdoor activities... Seller has made some improvements throughout...This home offers a good floor plam with the 4 bedrooms and 2 full baths, providing convenience for all. Please show and make us an offer.

8721 NE 46th Street, Spencer

$164,900

3 Beds ⋅ 2 Baths ⋅ 1244177 MLS

Price Adjustment: List Price Dropped $10000.00 Great opportunity for a first-time homebuyer or investor! This 3-bedroom home offers 1,033 sq. ft. of living space on a spacious .67-acre lot in an established neighborhood. With a successful history as a rental property, this home could be an affordable place to call your own or a nice addition to an investment portfolio. The large yard provides plenty of room to enjoy, and additional features include new carpet and flooring. a 24’ x 14’ outbuilding for additional storage or other uses. Property is being sold AS-IS.

4808 Sunset Terrace, Spencer

$146,840

3 Beds ⋅ 2 Baths ⋅ 1242300 MLS

*Price increased to account for new roof and siding repairs.* Cute, cozy, and full of character, with a brand new roof! Welcome to 2814 Juvene Circle in Spencer, where you’ll find a well-maintained 3-bedroom, 2-bath home with a 2-car garage situated on a spacious corner lot. The large backyard offers plenty of room for entertaining, pets, gardening, or simply enjoying the outdoors. Whether you’re searching for your first home, looking to downsize, or adding to your investment portfolio, this property offers a great opportunity at an attractive price point. With a functional layout and lots of potential to make it your own, this home is ready for its next owner. Come take a look. You may just find the perfect place to call home!

2814 Juvene Circle, Spencer

$143,500

3 Beds ⋅ 2 Baths ⋅ 1241746 MLS

Home is eligible for 100% USDA financing. This 3-bedroom home sits on approx. a half-acre with mature trees. Home has been recently painted inside and out with new carpet, it central heat and air, Main bath has whirlpool tub It comes with a bonus shower in one of the bedrooms.

4813 N Woodland Park Terrace, Spencer

$120,000

2 Beds ⋅ 1 Baths ⋅ 1236426 MLS

Welcome to the cutest house in the neighborhood! 2 bed 1 bath with new carpet and tile in bathroom and a fresh coat of paint! Move in ready for your next investment or starter home! Come see it soon it wont last!

10820 NE 48th Street, Spencer

$184,900

5 Beds ⋅ 2 Baths ⋅ 1231559 MLS

Investor alert — this Spencer property is packed with potential and ready for your vision. Welcome to 5817 Jericho, a classic single-story ranch set on a spacious, tree-shaded lot that offers great curb appeal and endless opportunity for value-add creativity. With 5 bedrooms, 2 bathrooms, and multiple living areas, this home provides an exceptional layout for redesign, rental strategies, or a full transformation. The traditional living room pairs with a separate den, giving you flexible space for a home office, playroom, second living area, or future conversion options. The property also features well water for reduced utility costs and a wide driveway with plenty of off-street parking for multiple vehicles, guests, trailers, or work trucks. The large grassy lot, mature trees, and low-maintenance exterior create a strong foundation for investors looking to update, flip, or build long-term equity. Located in a quiet neighborhood with quick access to shopping and major highways, the convenience adds even more appeal. You’re approximately 8 minutes from Walmart and Crest Foods and about 15 minutes from key highway connections. Opportunities with this much space, flexibility, and upside don’t come around often. Schedule your showing today and imagine the possibilities waiting at 5817 Jericho.

5817 Jericho, Spencer

$149,900

3 Beds ⋅ 1 Baths ⋅ 1225221 MLS

Welcome to this beautifully updated 3-bedroom, 1-bath home in Spencer, OK, offering 1,184 square feet of stylish and comfortable living space. From the moment you arrive, you’ll appreciate the fully refreshed exterior and inviting front porch—perfect for relaxing. Inside, the home features a spacious, modern kitchen with plenty of room for cooking and gathering. Large windows throughout flood the interior with natural light, creating a bright and airy feel in every room. Thoughtful updates give the home a clean, move-in-ready appeal while maintaining a warm and welcoming atmosphere. Step out back to enjoy a generously sized yard, ideal for entertaining, outdoor activities, or simply enjoying your own private space. With updates inside and out, this home is a fantastic opportunity for comfortable, turnkey living.

12717 NE 36th Street, Spencer

$140,000

3 Beds ⋅ 2 Baths ⋅ 1204500 MLS

Property is tenant occupied. Interior is very contemporary. Master Bedroom has access to deck and separate shower with garden tub.

10025 Ruth Street, Spencer

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