Housing in Spartanburg, SC is highly desirable due to its median value of $190,100. This is much lower than the US median value of $338,100, making it an attractive option when it comes to buying a home. Additionally, Spartanburg has shown significantly higher appreciation rates than the US average of 8.27%, at 18.46%. This suggests that investing in Spartanburg real estate could be a lucrative endeavor for potential homeowners.
The median home cost in Spartanburg is $190,100. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Spartanburg is up 21.0%.
Average Age of Homes
- The median age of Spartanburg real estate is 50 years old
The Rental Market in Spartanburg
- Renters make up 41.1% of the Spartanburg population
- 2.5% of houses and apartments in Spartanburg, 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.