Spartanburg, SC home prices
Typical home $274,802 · +1.1% in a year · income needed $74,600
The Spartanburg, SC metro area ranks 380 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.1% in a year and +28.2% over five years. With 20% down at 7.11%, the typical home costs about $1,741 a month including 0.55% property tax (Spartanburg County rate).
Mortgage on the typical Spartanburg home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $54,960 | $219,842 | $1,479 | $0 | $262 | $1,741 | $74,600 |
| 10% down | $27,480 | $247,322 | $1,664 | $103 | $262 | $2,029 | $87,000 |
| 5% down | $13,740 | $261,062 | $1,756 | $109 | $262 | $2,127 | $91,200 |
| 3.5% down (FHA) | $9,618 | $269,825 | $1,815 | $122 | $262 | $2,199 | $94,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.55% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Spartanburg area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Spartanburg County, SC | $274,874 | +1.1% | 0.55% |
What can you afford in South Carolina on your salary? · South Carolina home prices · Salaries in South Carolina
Frequently asked questions
How much is a house in Spartanburg?
The typical home in the Spartanburg, SC metro area is worth $274,802 (Zillow, September 2026).
What salary do you need to buy a house in Spartanburg?
About $74,600 a year for the typical home with 20% down at 7.11%.