Investment metrics, interactive calculators, and data-driven analysis for Spartanburg rental properties.
Pre-filled with Spartanburg medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Spartanburg.
Spartanburg, SC has a population of 40,000 and has been growing at 0.8% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $195,000 paired with median rents of $1,100/mo produces an estimated cap rate of 4.98%.
Property taxes at 0.57% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 6.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.1x, homes cost about 5.1 times the local median income of $38,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Spartanburg presents moderate opportunities. Cap rates near 4.98% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.