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Spartanburg real estate market overview
- Average Monthly Rent: $1,145
- Home Price/Value Percentage Change: 9.20%
- Median Home Value: $202,813
- Best Time To Sell a Home: January
- Affordability Index: Moderate
- Days To Sell a House: 74
- Job Market: Fair
- Public School Ranking: 46
Location and weather
Spartanburg sits in the Piedmont region of north-western South Carolina. This city is 30 miles northeast of Greenville and is bordered to the north by North Carolina. The hilly terrain here encompasses scenic views, beautiful parks, and trails perfect for enjoying the out-doors. Spartanburg is a quieter city, with a suburban feel and friendly people. Despite its smaller size, Spartanburg still offers a ton of recreation downtown, impressive cuisine and various education opportunities.
The weather in this city boasts warm, humid summers and mild winters, with very minimal snow.
Population, job market and cost of living
Spartanburg has a population of 39,248, with a growth rate of 0.44% annually.
The job market has decreased by -1.69% over the last year. In ten years, job growth is predicted to be 36.2%. This city is a rich textile and agricultural hub. Education has also proved to be a large sector of employment here, as Spartanburg is home to Wofford College, Converse College, University of South Carolina and Spartanburg Technical College.
Spartanburg is a more affordable city to live in when compared to other cities in South Carolina.
Spartanburg real estate market details
- Duncan Park
- Converse Heights
- Fernwood
- Woodland Heights
- Hampton Heights
The average monthly rent in Spartanburg is $1,145 for an average apartment size of 928 sq. feet.
There has been a 9.2% increase in median home value over the last year. As of 2023, the median home value is $202,813.
On average, homes in Spartanburg sell after 74 days on the market.
Homeowners looking to sell their home for the highest value should aim to sell in January, while homeowners looking for a quick sale should aim to sell in October.
The affordability index in Spartanburg is 81. This number indicates moderate affordability in this city.
The top ranked public schools are Pine St. Elementary School, Cannons Elementary School, Mccracken Middle School, Spartanburg High School, and University of South Carolina. This information is supported by data measuring academic performance and equity.