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 80.6%. Home Appreciation in Spartanburg Metro Area is up 18.5%.
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.