According to statistics, the population in Spartanburg, SC amounts to 37,384, which shows decline -1% compared to the previous year. The median age of the city’s residents is 35. The average household income is $37,369, shifting growth 5% from the past year, and the average property value in Spartanburg, SC growth 2% to $118,600 throughout the year.
|Number Of Employees||16,257|
|Median Property Value||$118,600|
The average household income in Spartanburg, SC grew from $35,637 to $37,369 in the past year. This data is an estimate based upon 15,368 households in Spartanburg, SC . The chart below presents how household income is distributed in Spartanburg, SC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Spartanburg, SC shifted from $115,900 to $118,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Spartanburg, SC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Spartanburg, SC properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Spartanburg, SC compared to median property taxes around the country. The prevalent amount of property taxes in Spartanburg, SC equals $800, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$239,940||+19.3%|
|1 bed for sale||$65,000||+0%|
|2 bed for sale||$156,682||+3.1%|
|3 bed for sale||$234,559||-11.5%|
|4+ bed for sale||$347,155||+15.7%|
During Jul 2022, the average price for an apartment in/near Spartanburg, SC increased by 2.8% to $268,839.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $65,000 with no changes this month. Asking price for 2-bed apartment also increased by 3.1% and a place of this size will now cost you $156,682. A 3-bed apartment goes for $234,559, it decreased by 11.5% lately. We discerned the rise of 4- and more bed apartment price. It increased by 15.7% and made it up to $347,155.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$285,808||-2.2%|
|Land for sale||$186,915||+217%|
|Duplexes for sale||$239,940||+19.3%|
|Other for sale||$173,167||-17.2%|
|Condos for sale||$164,240||-28.8%|
Price reports demonstrate that house price decreased by 2.2% this month making it up to $285,808. Condos faced an upward trend these days. The median price for a condo decreased by 28.8%, it’s now available for $164,240. You can now purchase a duplex for just $239,940, duplex price increased by 19.3% this month.