Spartanburg, SC housing market
Typical home value
$230K
▲ 0.5% 1 yr
Typical rent
$1,374/mo
▲ 2.2% 1 yr
Gross rent yield
7.2%
U.S. 6.3%
5-year home value change
+29%
U.S. +20%
Key takeaways
- 1The typical home in Spartanburg is worth $229,696, up 0.5% over the past year and up 29% over five years.
- 2Typical rent is $1,374 a month (+2.2% YoY), a gross rent yield of 7.2% (above the Spartanburg, SC metro's 6.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,262/mo, $112 less than typical rent.
- 4Zillow forecasts the Spartanburg, SC metro's home values to change +1.4% over the next 12 months.
Market temperature (Spartanburg, SC metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 30/100, #438 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Spartanburg compares
| Measure | Spartanburg | Spartanburg, SC metro | United States |
|---|---|---|---|
| Typical home value | $229,696 | $274,802 | $366,157 |
| Home value, 1-yr change | +0.5% | +1.1% | +1.2% |
| Typical rent | $1,374 | $1,475 | $1,932 |
| Rent, 1-yr change | +2.2% | +2.1% | +2.7% |
| Gross rent yield | 7.2% | 6.4% | 6.3% |
| Price-to-rent ratio | 13.9 | 15.5 | 15.8 |
| Mortgage P&I, typical home | $1,262 | $1,510 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Spartanburg rental, pre-filled.
Rent vs buy in Spartanburg
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $230K home.
Other cities in the Spartanburg, SC metro
Inman, SC
$304K home$1,579 rent
▲ 1.8% 1 yr
Boiling Springs, SC
$280K home$1,595 rent
▲ 0.9% 1 yr
Duncan, SC
$309K home$1,884 rent
▲ 0.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.