Home Values

Spartanburg Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$112,400

  • 1.4% 1-year change
  • 2.4% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Cold
Buyers' Market
Sellers' Market

The median home value in Spartanburg Metro is $112,400. Spartanburg Metro home values have gone up 1.4% over the past year and Zillow predicts they will rise 2.4% within the next year. The median rent price in Spartanburg Metro is $950, which is lower than the South Carolina median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Spartanburg Metro 5.3 homes are foreclosed (per 10,000). This is greater than the South Carolina value of 3.6 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Spartanburg Metro is 6.9%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Spartanburg Metro homeowners underwater on their mortgage is 12.0%, which is lower than South Carolina at 14.5%.

Read more
Relative ZHVI
- +

Spartanburg Metro Market Overview

Data through May 31, 2015
  • $112,400 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $129,075 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Spartanburg Metro Market Health

Data through May 31, 2015
  • No recent data Stable
  • No recent data Average days on Zillow
  • 12.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 6.9% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5 Spartanburg Metro
4 South Carolina
4 United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Spartanburg Metro

Name Median ZHVI
Campobello $144,000
Moore $138,600
Landrum $136,100
Name Median ZHVI
Inman $125,300
Roebuck $125,200
Boiling Springs $117,300
Name Median ZHVI
Chesnee $106,800
Spartanburg $88,200
Cowpens $74,500

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $77 Median sale price / sq ft
  • No data Listings with price cut
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Spartanburg Metro Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,081 Spartanburg Metro
    $1,191 South Carolina
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $950 Rent list price
  • $0.73 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading