How much is a home worth in ZIP code 29303?

The typical home in 29303 is worth $213,112, based on the Zillow Home Value Index.

Are home values rising in 29303?

Home values in 29303 are up 2.9% over the past year, and up 7.1% a year over five years.

What is the typical rent in 29303?

A typical home in 29303 rents for about $1,423 a month, a gross rental yield of 8.0%.

What is the property tax rate in 29303?

The effective property tax rate in 29303 is 0.6% — roughly $1,294 a year on a typical home.

ZIP code 29303 has a population of 28,381 and a median household income of $48,295.

HousingHandbookReference data

…

U.S. ZIP Code · SC29303

Spartanburg County · Spartanburg, SC

Typical home value

$213,112^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +7.1%
10-year / yr: +9.4%

Relative price

vs U.S.: -25.0%
vs metro: -22.3%
vs state: -5.9%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 29303 is worth $213,112 — 22.3% below the Spartanburg, SC median. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,423 a month — a 8.0% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,423^[2]
Gross yield: 8.0%^[2]
Cap rate: 4.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,294^[3]

#Climate risk

FEMA National Risk Index ratings for Spartanburg County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively Low
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Relatively Low

#Who lives here

Population: 28,381^[3]
Median household income: $48,295^[3]

#Migration

Household moves in and out of Spartanburg County over a year, from IRS tax-return data.

Net migration: +3,123^[5]
Moved in: 10,433
Moved out: 7,310

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 3
Middle: 0
High: 0

High Point Academy
Other · Grades PK–12 · SC Public Charter School District
1,250 students
Fairforest Elementary
Elementary · Grades K–5 · Spartanburg 06
739 students
The Cleveland Academy of Leadership
Elementary · Grades PK–5 · Spartanburg 07
410 students
Lone Oak Elementary
Elementary · Grades K–5 · Spartanburg 06
344 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.0%

Net yield (after ~40% expenses)4.8%

Annual rent$17,073

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,078

Loan principal$170,490

Down payment$42,622

Total interest paid$217,450

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.96

Monthly cost to own$1,364

Monthly rent$1,423

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 71st percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 78th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for best 10-year appreciation in SCView list →

Frequently asked

How much is a home worth in ZIP code 29303?: The typical home in 29303 is worth $213,112, based on the Zillow Home Value Index.
Are home values rising in 29303?: Home values in 29303 are up 2.9% over the past year, and up 7.1% a year over five years.
What is the typical rent in 29303?: A typical home in 29303 rents for about $1,423 a month, a gross rental yield of 8.0%.
What is the property tax rate in 29303?: The effective property tax rate in 29303 is 0.6% — roughly $1,294 a year on a typical home.
Who lives in 29303?: ZIP code 29303 has a population of 28,381 and a median household income of $48,295.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

29335 vs 29303 →
Enoree CDP, SC
Typical home
$204,697
Gross yield
—
29306 vs 29303 →
Spartanburg, SC
Typical home
$198,562
Gross yield
7.5%
29301
Spartanburg, SC
Typical home
$239,002
Gross yield
6.6%
29307
Spartanburg, SC
Typical home
$262,364
Gross yield
5.8%
29302
Spartanburg, SC
Typical home
$269,480
Gross yield
6.4%
29333
Drayton CDP, SC
Typical home
$146,868
Gross yield
—

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#Jump to section

U.S. ZIP Code · SC29303

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