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Spartanburg County, SC

RANK #510 / 996  ·  POP 330,119  ·  SC

PROJECTED GROWTH: +0.7%

Spartanburg County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Spartanburg County?

Spartanburg County, South Carolina, known as "Hub City" due to its historical role as a railroad intersection, offers a mix of urban and rural living. Located in the foothills of the Blue Ridge Mountains, it provides access to outdoor recreation, including trails, lakes, and rivers. The county seat, Spartanburg, features a cultural district, a growing food scene, and several colleges and universities. Commuting within the county is primarily by car, though the city of Spartanburg operates a bus system and an on-demand microtransit service. Notable towns like Landrum and Woodruff offer small-town charm with unique shops and local events.

Spartanburg County is experiencing economic growth, attracting families and professionals. The economy is driven by sectors such as advanced manufacturing, data centers, and aerospace. Major investments have been made in high-performance computing centers and 3D printing facilities. The county is also home to several higher education institutions, contributing to a diverse community. Public schools in Spartanburg County are generally well-regarded, with seven different school districts serving various communities.

[02] Market Snapshot

Housing Ratio
3.6x

Undervalued relative to economy

GDP Growth
+3.8%

Above national median

Home Prices
+2.2%

Outpacing national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Spartanburg County U.S. National

The Numbers

DEMOGRAPHICS
Population
330,119
+2.25% YoY
Median Household Income
$61,955
Median Home Value
$195,800
+2.22% 12mo
Median Rent
$960
Average Annual Pay
$59,564
+5.2% YoY
Employment
155,484
+2.0% YoY
Income-to-Home-Value
0.3164
More affordable than average
Migration Inflow
3.24%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$283,250
Days on Market
97
Slower market
Months of Supply
5.1
Buyer's market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
10.4%
Listings w/ Price Drops
31.6%
Building Permits (2024)
3,129
Single-Family Permits
3,089

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$6,726M
TOTAL
PROJECT AMOUNT STATUS
Project Sparrow (AI-focused High-Performance Computing Data Center)
TigerDC
$3,000M Proposed
Project Moc-1 (High-Performance Computing Center)
NorthMark Strategies
$2,800M Under Construction
BMW Battery Assembly Plant
BMW Manufacturing
$700M Under Construction
Spartanburg City-County Joint Government Complex
Spartanburg County and City of Spartanburg
$100M Under Construction
EV Battery System Manufacturing Facility
Proterra
$76M Operating
Solar Farm Portfolio (Pinson, Limelight III, Carver Mill Rd, Bryant Road, Limelight II)
Cardinal Renewables, Limelight Solar III, LLC, Montes Electric INC, GridInfo
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.8% 70 percentile
Population Growth +2.2% 91 percentile
Income Growth +7.5% 26 percentile
Vacancy Rate 1.2% 43 percentile
Home Price Change +2.2% 62 percentile
Rent Growth +1.8% 32 percentile
Price/Rent 12x 74 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Spartanburg County, SC a good place to move to?

Spartanburg County has a Boom Town Index score of 49/100, ranking #510 among 996 U.S. counties. With job growth at +2.0% and a median household income of $61,955, it faces some economic headwinds compared to faster-growing counties.

Is Spartanburg County affordable?

The median home value in Spartanburg County is $195,800 with median rent at $960/month. The income-to-home-value ratio is 0.3164, which is more affordable than the national average.

Is Spartanburg County growing or shrinking?

Population growth: +2.2% year-over-year. Job growth: +2.0%. Home values changed +2.2% in the past 12 months.

Are people moving to Spartanburg County?

Yes — 3.24% of Spartanburg County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greene County, MO 59 Cullman County, AL 59 Rockingham County, NH 59 Dane County, WI 59 Calhoun County, AL 59 Washtenaw County, MI 59 Franklin County, PA 59 Van Zandt County, TX 59