Market Overview

Spartanburg has the perfect option for every home buyer. If you desire urban living, a historic villa, a newly constructed home or one with acreage, own your dream home within five to twenty five minutes of downtown Spartanburg.

Home prices are up 14.5%* in a year over year comparison from January 2022 to January 2023. Days on Market decreased to 16 days.

Spartanburg is an affordable place to live:

• The Median Sales Price of a home is $260,000**. At this sales price a home owner can expect the following:

• Monthly Mortgage Payment with 20% down at 6.75% over 30 years: $1,349.00***

• Annual Taxes on Primary Residence (4%): $2,923.00****

The Affordability Index for Spartanburg was 91 as of January 2023, which means the median household income was 91% of what is necessary to qualify for the median-priced home under the prevailing interest rates. The higher the number, the easier it is to qualify for a mortgage on a median priced home. In other words, qualified buyers can easily afford a typical home in Spartanburg.

Enclosed in this document is detailed information about Spartanburg area neighborhoods. Driving distances range from five to twenty five minutes of downtown Spartanburg.

See market stats at the end of this guide for more information.

Transportation

Airports:

• Greenville-Spartanburg International Airport (GSP)

• Spartanburg Downtown Memorial Airport: Located on the southwest side of Spartanburg, this general aviation airport offers opportunities for flight instruction, aircraft rental, sales, and aircraft charter.

Source: http://www.cityofspartanburg.org/airport

Public Transportation:

• Spartanburg Area Regional Transit Agency (SPARTA): Spartanburg’s low-cost, public bus service includes several destinations outside the city limits and offers a door-to-door Paratransit van service to accommodate mobility impaired residents. Source: http://www. cityofspartanburg.org/sparta

• Trails & Cycling: Spartanburg was recognized by the League of American Bicyclists as the first Bicycle Friendly Community in South Carolina in 2007. Host of the Assaults on Mt. Mitchell and Marion, as well as the annual Criterium bike race, Spartanburg has long been a hub for cycling enthusiasts. Learn more about Spartanburg Trails & Cycling here: https:// www.cityofspartanburg.org/232/Trails-Cycling

Health Care

Hospitals:

• Spartanburg Regional Health Care System: Provides multiple locations that serve Spartanburg, Cherokee, and Union counties in South Carolina and Polk and Rutherford counties in North Carolina (spartanburgregional.com)

• ReGenesis Health Care: One of 19 federally qualified community health centers in South Carolina, ReGenesis is a community-based, non-profit organization that provides comprehensive healthcare to everyone according to their ability to pay (myrhc.org).