Spartanburg County, South Carolina Housing Market
In Spartanburg County, South Carolina, the median home value is $233,300, with a median monthly rent of $1,084. This places Spartanburg County at #1041 nationally out of 3134 counties by median home value, and #14 within South Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,168
- Establishments: 8,356
- BLS QCEW, 2025
Housing Supply
- Single-family: 3,986
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 133,546 (avg $74,072)
- Outflow: 123,988 (avg $75,082)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Spartanburg County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 29385 | 266.1 | -0.86% | 2025 |
| 2 | 29376 | 263.1 | +11.59% | 2025 |
| 3 | 29374 | 282.2 | +17.89% | 2025 |
| 4 | 29306 | 285.8 | +10.44% | 2025 |
| 5 | 29369 | 242.8 | +4.64% | 2025 |
| 6 | 29334 | 255.0 | +9.47% | 2025 |
| 7 | 29303 | 254.9 | +1.67% | 2025 |
| 8 | 29301 | 239.9 | +4.43% | 2025 |
| 9 | 29349 | 260.7 | +6.37% | 2025 |
| 10 | 29365 | 254.1 | +4.02% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Spartanburg County | South Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $233,300 | $199,732 | $227,706 |
| Median Gross Rent | $1,084 | $984 | $968 |
| Owner Occupancy Rate | 73.0% | 73.2% | 73.3% |
| Price/Rent Ratio | 17.9 | 16.3 | 18.7 |
Market Analysis
The median home value in Spartanburg County is 16.8% above the South Carolina state average and 2.5% above the U.S. national average. The median rent of $1,084/month is 10.2% above the state average.
With a price-to-rent ratio of 17.9, the buy-vs-rent decision in Spartanburg County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Spartanburg County has an owner-occupancy rate of 73.0%, compared to 73.2% in South Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lincoln County | New Mexico | $233,200 | $956 |
| Page County | Virginia | $233,200 | $879 |
| Santa Cruz County | Arizona | $233,000 | $829 |
| Marion County | Iowa | $233,000 | $884 |
| Roane County | Tennessee | $232,900 | $785 |
Other Counties in South Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lexington County | $234,500 | $1,178 | 77.4% |
| Anderson County | $231,900 | $989 | 74.8% |
| Pickens County | $231,900 | $972 | 70.9% |
| Oconee County | $237,100 | $881 | 76.2% |
| Richland County | $242,800 | $1,228 | 60.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).