The housing market in Spartanburg, South Carolina (29301) is thriving. The median value of a house is $211,600, which is significantly lower than the US median value of $338,100. But the one-year house appreciation rate is much higher in Spartanburg at 18.46%, far higher than the US rate of 8.27%. This indicates that housing prices are rising quickly and makes Spartanburg a great place for home buyers and investors looking for an attractive return on their investment.
The median home cost in Spartanburg (zip 29301) is $211,600. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Spartanburg (zip 29301) is up 21.0%.
Average Age of Homes
- The median age of Spartanburg (zip 29301) real estate is 36 years old
The Rental Market in Spartanburg (zip 29301)
- Renters make up 34.7% of the Spartanburg (zip 29301) population
- 2.3% of houses and apartments in Spartanburg (zip 29301), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.