Spartanburg, SC · South Carolina
Spartanburg County
338,096 residents3,774 permits TTM$64,195 median HHI29 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$216,000
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.0%
HUD FMR ÷ ACS HHI
Net migration
+2.11%
IRS SOI
Permits (TTM)
3,774
Census BPS
Climate risk
90.6
FEMA NRI (0–100)
ZIP code breakdown29 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 29335 | — | — | — | 6.0% | 14.2% |
| 29320 | — | — | — | 5.7% | 14.2% |
| 29377 | — | — | — | 5.7% | 14.2% |
| 29306 | — | — | — | 7.7% | -6.2% |
| 29324 | — | — | — | 5.7% | 14.2% |
Ranked by composite score
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Demographics
Owner-occupied
72.9%
Census ACS
Vacancy rate
8.8%
Census ACS
Bachelor's degree +
25.7%
Census ACS
Rent burdened
44.5%
Census ACS (>30% income)
Median age
37.9
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026