29301, Spartanburg, SC

The 29301 zip code of Spartanburg, SC has a population of around 104,000 people and is home to a number of different businesses and industries. The median home value in the 29301 zip code is $139,900 which is higher than the statewide median home value of $123,600. In addition, the 29301 zip code has a lower than average unemployment rate of 3.5% which indicates that there are many jobs available in the area.

The main drivers of home equity and home prices in the 29301 zip code are likely to be local economic conditions and interest rates. When local economic conditions are strong, demand for homes increases as people seek to buy or sell homes based on their current financial situation. Conversely, when local economic conditions are weak, demand for homes decreases as people may be more likely to rent instead. Interest rates also play a role in determining how much homeowners can afford to pay for their homes based on their current income levels and mortgage payments.