The housing in Spartanburg, SC (29306) is quite impressive compared to the US House Median Value. The Housing Median Value in this area is $160,100 which is much lower than the US House Median Value of $338,100. However, when looking at house appreciation rates for the past year there is a sharp difference between the two locations. The US 1 year House Appreciation rate was 8.27% while Spartanburg had an 18.46% increase in house appreciation for the same period of time. This data shows us that the housing market in Spartanburg is growing rapidly and could be a great investment opportunity for those looking to buy or rent in this area.
The median home cost in Spartanburg (zip 29306) is $160,100. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Spartanburg (zip 29306) is up 21.0%.
Average Age of Homes
- The median age of Spartanburg (zip 29306) real estate is 49 years old
The Rental Market in Spartanburg (zip 29306)
- Renters make up 44.7% of the Spartanburg (zip 29306) population
- 2.3% of houses and apartments in Spartanburg (zip 29306), 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.