The story of this market
The typical home in ZIP 29342 sells for about $229,875, or $151 per square foot.
Prices are roughly flat from a year ago (+0.8%), a market in balance. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,600 a month.
ZIP 29342 — Gaffney
The Spartanburg housing market shows steady growth with modest year-over-year price appreciation and a balanced inventory level. Demand remains supported by the region's diverse economic base, though rising days on market suggest a cooling from the peak intensity of previous years.
This area is well-suited for families and first-time homebuyers seeking affordability relative to larger metropolitan hubs, as well as investors looking for steady rental demand.
Median prices moved up 0.8% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
47% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 29342, Spartanburg County SC
Crime rates in the Spartanburg area are generally higher than the national average, with property crime being the most frequently reported incident type.
Schools in the area are served by Spartanburg School Districts, which maintain a mix of ratings; performance varies significantly by specific neighborhood and school zone.
The region faces moderate risks from severe thunderstorms and occasional high winds, with localized flood risks in low-lying areas near regional waterways.
The area benefits from a diverse economic base including manufacturing, healthcare, and logistics, with ongoing infrastructure improvements supporting regional connectivity.
Property taxes are assessed by the county based on millage rates applied to the assessed value of real property, with exemptions available for primary residences.
Residents typically rely on personal vehicles for commuting, with major access provided by I-26 and I-85 connecting to the broader Upstate employment hubs.
The area features access to local parks, community centers, and proximity to the Spartanburg downtown cultural district, including museums and dining venues.
The rental market remains stable with moderate vacancy pressure, driven by demand from both local workers and students attending nearby institutions.
The economy is anchored by manufacturing, healthcare, and education, with major employers including BMW Manufacturing and Spartanburg Regional Healthcare System.
The area is served by a network of highways including I-85 and I-26, facilitating regional transit and logistics.
Ongoing urban infill and commercial redevelopment projects are focused on the downtown core and surrounding corridors.
The Spartanburg County Assessor manages property valuations based on periodic reassessment cycles and state-mandated assessment ratios.
Parcels are subject to school district, county, and municipal taxes, with some areas potentially falling under specific fire or utility service districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage typically including wind and hail protection.
Data retrieved from census.gov ZCTA profiles.
- The Big E Gaffney4.43.7 mi
- Speed Factory Hi Speed Indoor Karting Spartanburg4.518 mi
- Booger Jim's Hollow Haunted House4.76 mi
- Craft Axe Throwing4.918.3 mi
- Strawberry Hill USA- PRODUCE SHED4.717.9 mi
- Spartanburg Memorial Auditorium4.318 mi
- Cleveland County Fair Association4.317 mi
- The Big E Gaffney4.43.7 mi
- Shadyside Dragway4.79.9 mi
- Cowpens National Battlefield Visitor Center4.710.4 mi
- The Big E Gaffney4.43.7 mi
- Peachoid4.52.5 mi
- Broad River Greenway4.68.9 mi
- Cat's Paw Winery4.98.5 mi
- Kings Mountain State Park4.618.2 mi
- Chapman Cultural Center4.817.8 mi
- The Childrens' Museum of the Upstate - Spartanburg4.518.1 mi
- Earl Scruggs Center4.716.3 mi
- Spartanburg Science Center4.717.8 mi
- Lake Houser Adventures Off-Road Park4.610.9 mi
- Broad River Greenway4.68.9 mi
- Clifton Park4.111.2 mi
- Lake Whelchel Trail4.73 mi
- Cowpens National Battlefield4.89.8 mi
- River Bend YMCA Golf Course4.612.7 mi
- Gaffney Outlet Marketplace4.13.5 mi
- Hamrick's of Gaffney, SC4.53.3 mi
- Abbott Farms4.79.7 mi
- Ingles Markets4.31.6 mi
- Strawberry Hill USA- Gaffney Market4.63.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features museums, galleries, and dining.
Provides walking trails and green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.