Spartanburg Metro Area, SC Housing

The housing market in Spartanburg, SC Metro Area is booming. The median value of a home in the area is $232,300 which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation rate for the Spartanburg Metro Area is 18.53%, which is 10.26% higher than the national average of 8.27%. This demonstrates that Spartanburg Metro Area is an attractive market for potential home buyers and investors alike.

The median home cost in Spartanburg Metro Area is $232,300. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Spartanburg Metro Area is up 21.0%.

Average Age of Homes

- The median age of Spartanburg Metro Area real estate is 35 years old

The Rental Market in Spartanburg Metro Area

- Renters make up 27.1% of the Spartanburg Metro Area population
- 1.7% of houses and apartments in Spartanburg Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spartanburg, South Carolina	United States
	135,067.0	139,647,020.0
	34	42
	$232,300	$338,100
	21.0%	16.6%
	66.8%	57.0%
	95.2%	101.1%
	$6.21	$10.98
	$1,020	$2,690
	65.3%	57.4%
	9.6%	11.2%
	25.0%	31.4%
Vacant Housing
	1.7%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.3%	0.4%
	0.7%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	3.6%	2.4%
	3.6%	2.8%
	5.7%	3.9%
	6.7%	4.5%
	20.5%	11.3%
	20.1%	13.0%
	21.3%	20.1%
	7.6%	13.6%
	3.5%	8.3%
	2.8%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	16.3%	13.6%
	16.3%	13.6%
	17.1%	13.6%
	12.7%	13.2%
	14.5%	14.8%
	17.1%	13.6%
	7.3%	10.0%
	3.5%	4.7%
	6.2%	12.2%

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