Mortgage payment estimates, closing cost breakdowns, and homebuying data for Spartanburg, South Carolina.
Pre-filled with Spartanburg median home price and South Carolina tax/insurance rates. Adjust for your property.
Estimated closing costs based on South Carolina rates and fees applied to Spartanburg prices.
The median home price in Spartanburg is $215,000, 30% below the South Carolina state median of $305,000. With a population of 38,737, Spartanburg is a smaller market where home prices tend to be more accessible than in many parts of South Carolina.
Property taxes in South Carolina average 0.57% annually. This low property tax rate is a significant advantage for Spartanburg buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in South Carolina runs approximately $2,600 per year. This is within the normal range nationally.
Average rent in Spartanburg is $1,050/month. The price-to-rent ratio in Spartanburg is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Spartanburg offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with South Carolina's SC Housing Palmetto Home program.