Spartanburg Home Prices: $204K, Up 3% — 7 ZIPs Analyzed (2026)
$204,226. That’s what a typical home in Spartanburg, SC is worth as of February 2026, up 3.0% from a year ago. Prices have climbed for 10 straight months, and the cheapest ZIP still sits under $130K.
Quick answer: The average home price in Spartanburg, SC is $204,226 as of February 2026, up 3.0% year over year according to Zillow.
Current Home Prices in Spartanburg
The Zillow Home Value Index puts the typical Spartanburg home at $204,226 in February 2026. That’s a gain of about $5,900 over the past 12 months. The range across ZIP codes is wide — from $127,020 in the cheapest area to $265,751 in the priciest, a spread of roughly $139K.
| Metric | Value |
|---|---|
| Median home value | $204,226 |
| Year-over-year change | +3.0% |
| Cheapest ZIP value | $127,020 |
| Most expensive ZIP value | $265,751 |
| ZIP codes tracked | 7 |
| Data through | February 2026 |
Spartanburg sits well below national pricing benchmarks. The metro’s median is roughly half what buyers pay in places like Austin or Denver, which makes it one of the more affordable mid-size cities in the Southeast.
The 3% annual gain is moderate — not the double-digit surges some Sun Belt markets posted earlier in the decade, but enough to outpace recent inflation in housing-related costs. The typical home gained about $493 a month in value over the past year.
Spartanburg Home Prices by Neighborhood
Seven ZIP codes cover the Spartanburg area. The price gap between them is notable: the most expensive ZIP costs more than twice as much as the cheapest.
| ZIP Code | Home Value | vs. City Median |
|---|---|---|
| 29302 | $265,751 | +30.1% |
| 29307 | $258,791 | +26.7% |
| 29301 | $234,297 | +14.7% |
| 29303 | $207,388 | +1.5% |
| 29306 | $194,381 | -4.8% |
| 29333 | $141,950 | -30.5% |
| 29320 | $127,020 | -37.8% |
Most Expensive ZIPs
29302 ($265,751) — the priciest area in Spartanburg, sitting 30% above the city median. Rents here run $1,423 a month, the second-highest in town.
29307 ($258,791) — the second-priciest ZIP and right behind 29302 in value, though rents here are actually the lowest at $1,198 a month, suggesting an owner-heavy mix.
29301 ($234,297) — about 15% above the city median, with rents at $1,272 a month.
Most Affordable ZIPs
29320 ($127,020) — the cheapest ZIP, nearly 38% below the city median. Rent data is not available for this ZIP.
29333 ($141,950) — the second-cheapest area at 30% below the median. Rents here are the highest in the city at $1,520 a month, an unusual gap that suggests tight rental supply relative to home values.
29306 ($194,381) — sits just under the city median at -4.8%, with rents around $1,256.
Rent vs Buy in Spartanburg
Average rent across Spartanburg ZIPs runs about $1,344 a month, based on Zillow’s rent index for the six ZIPs with available data. The cheapest rental ZIP is 29307 at $1,198, and the priciest is 29333 at $1,520.
| Cost Type | Monthly |
|---|---|
| Median rent (ZORI avg) | ~$1,344 |
| Mortgage P&I (20% down, 7% rate) | ~$1,087 |
| Property tax + insurance (est.) | ~$300 |
| Total ownership cost | ~$1,400 |
The math gets close. With 20% down on a $204,226 home — about $40,845 — your mortgage principal and interest at a 7% rate runs roughly $1,087 a month. Add property tax and insurance and you’re looking at around $1,400 in monthly housing costs, slightly above what renting would cost.
That doesn’t account for the down payment, repairs, or the equity you build. Renting saves roughly $50-60 a month on cash flow but builds no ownership stake. Buying makes more sense if you plan to stay put for at least four years and you can cover the upfront cost.
For ZIP 29320, where rent data is missing, you can still buy at $127,020 with a much smaller down payment — about $25,400 — and a P&I payment near $677.
Population Growth and Migration
Spartanburg has 39,606 residents as of 2024, up from 38,604 in 2020. That’s a 2.6% gain over four years, or roughly 250 new residents per year on average.
| Year | Population |
|---|---|
| 2020 | 38,604 |
| 2021 | 38,433 |
| 2022 | 38,663 |
| 2023 | 39,280 |
| 2024 | 39,606 |
The city dipped slightly in 2021 before resuming growth. Most of the gains came in 2023 and 2024, when the population added 943 residents combined.
Spartanburg’s pace lags behind several other South Carolina cities:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| North Charleston | 126,005 | +9.0% |
| Goose Creek | 50,352 | +8.8% |
| Columbia | 144,788 | +6.3% |
| Mount Pleasant town | 95,604 | +4.8% |
| Charleston | 157,665 | +4.4% |
| Spartanburg | 39,606 | +2.6% |
You’re seeing steady but modest growth here — not a boomtown story like North Charleston or Goose Creek, but enough demand to support continued price gains. The 2.6% population bump roughly tracks the 3% home value increase, which suggests the market is being pulled up by genuine demand rather than speculative buying.
Spartanburg Housing Market Trends
Home values have moved in one direction for almost a year — up. The typical home is worth $5,874 more than it was last March, with the steepest gains coming in late 2025.
| Month | Avg Value | Min | Max |
|---|---|---|---|
| Feb 2026 | $204,226 | $127,020 | $265,751 |
| Jan 2026 | $203,640 | $126,324 | $264,996 |
| Dec 2025 | $202,755 | $125,367 | $264,328 |
| Nov 2025 | $201,932 | $124,842 | $263,873 |
| Oct 2025 | $201,089 | $123,862 | $263,530 |
| Sep 2025 | $200,212 | $122,530 | $263,191 |
| Aug 2025 | $199,102 | $121,060 | $262,638 |
| Jul 2025 | $198,362 | $119,967 | $262,401 |
| Jun 2025 | $197,856 | $118,841 | $262,220 |
| May 2025 | $197,702 | $117,966 | $261,939 |
| Apr 2025 | $197,801 | $117,450 | $261,987 |
| Mar 2025 | $198,352 | $118,075 | $261,932 |
The market hit a soft patch in spring 2025 — values barely budged from March through May, and even slipped slightly in April. Then growth resumed in June and accelerated through fall and winter. The most recent three-month gain was $1,471, an annualized pace of about 2.9%.
The cheapest ZIP gained the most ground in percentage terms. The minimum value rose from $118,075 to $127,020 — a 7.6% jump, more than double the citywide rate. The top end barely moved, gaining just 1.5%.
Is Spartanburg a Good Place to Buy in 2026?
The data points to a slow seller’s market. Prices are rising, supply is presumably limited (you wouldn’t see 10 months of consecutive gains in a buyer’s market), and the city is adding residents.
For buyers, the case rests on affordability. At $204K, you can buy a typical Spartanburg home for less than half what you’d pay in many comparable cities. The cheapest ZIPs let you get in under $130K, which is unusual for a growing metro.
The risk is timing. If the current pace holds, the same home will cost roughly $210K next year, and the cheaper ZIPs are appreciating faster than the city average. Waiting could mean paying more.
For sellers, the picture is friendlier. Year-over-year gains, no price corrections in the trailing 12 months, and growing population all favor listing now while values keep climbing.
Spartanburg Housing Market Outlook for 2026-2027
The 3-month trend points to roughly 0.7% quarterly growth, or about 2.9% annualized. If the current pace continues through the rest of 2026, the median home would land somewhere near $210K by next February.
The cheapest ZIPs are gaining faster than the high end. That spread compression — where affordable areas catch up — often happens in markets where buyers are getting priced out of the top tier and shifting demand downmarket. Watch ZIPs 29320 and 29333 for above-average appreciation.
Risks to the forecast: any sharp move in mortgage rates would change the math fast. The flat stretch from March to May 2025 shows the market can pause when rates spike. But based on the data through February 2026, the direction is up, and the pace is steady rather than frothy.
Similar Markets in SC
If Spartanburg’s pricing or market dynamics don’t fit your needs, a few other South Carolina cities are worth checking:
- Greenville — the closest major market to Spartanburg geographically, with different price points to compare.
- Columbia — the state capital, offering a larger urban market and faster population growth at 6.3%.
- Anderson — another upstate option for buyers focused on affordability over coastal access.
- Charleston — the priciest SC market for buyers willing to pay a premium for coastal living.
- Aiken — a smaller western SC market often compared with Spartanburg on size.
Frequently Asked Questions
What is the average home price in Spartanburg?
The average home price in Spartanburg, SC is $204,226 as of February 2026. That figure is based on the Zillow Home Value Index across seven ZIP codes within the city. It represents the typical home — homes in the 35th to 65th percentile range — not the average sale price.
Are home prices going up or down in Spartanburg?
Prices are up 3.0% year over year. Values have climbed for 10 consecutive months, with the typical home gaining about $5,874 since March 2025. The 3-month pace works out to roughly 2.9% annualized, suggesting the trend has staying power.
Is it cheaper to rent or buy in Spartanburg?
Renting is slightly cheaper on a monthly basis. Average rent across local ZIPs is about $1,344, while owning the median home costs roughly $1,400 a month with 20% down at a 7% rate, including taxes and insurance. The gap is small enough that buying makes sense for anyone planning to stay four-plus years.
What is the most affordable neighborhood in Spartanburg?
ZIP 29320 is the cheapest at $127,020 — about 38% below the city median. ZIP 29333 comes in second at $141,950, or 30% below the median. Both have appreciated faster than the city average over the past year.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.