How much is a home worth in ZIP code 29316?

The typical home in 29316 is worth $283,905, based on the Zillow Home Value Index.

Are home values rising in 29316?

Home values in 29316 are up 2.9% over the past year, and up 6.5% a year over five years.

What is the typical rent in 29316?

A typical home in 29316 rents for about $1,628 a month, a gross rental yield of 6.9%.

What is the property tax rate in 29316?

The effective property tax rate in 29316 is 0.6% — roughly $1,572 a year on a typical home.

ZIP code 29316 has a population of 33,104 and a median household income of $74,735.

HousingHandbookReference data

…

U.S. ZIP Code · SC29316

Spartanburg County · Spartanburg, SC

Typical home value

$283,905^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +6.5%
10-year / yr: +6.8%

Relative price

vs U.S.: ≈ U.S. median
vs metro: +3.5%
vs state: +25.4%

Price history

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

The typical home in 29316 is worth $283,905 — 3.5% above the Spartanburg, SC median. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,628 a month — a 6.9% 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: $1,628^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.1%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,572^[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: 33,104^[3]
Median household income: $74,735^[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: 5
Elementary: 4
Middle: 0
High: 1

Boiling Springs High
High · Grades 9–12 · Spartanburg 02
2,796 students
Boiling Springs Elementary
Elementary · Grades PK–5 · Spartanburg 02
854 students
Sugar Ridge Elementary
Elementary · Grades PK–5 · Spartanburg 02
817 students
James H. Hendrix Elementary
Elementary · Grades PK–5 · Spartanburg 02
700 students
Shoally Creek Elementary
Elementary · Grades PK–5 · Spartanburg 02
698 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 yield6.9%

Net yield (after ~40% expenses)4.1%

Annual rent$19,530

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$1,436

Loan principal$227,124

Down payment$56,781

Total interest paid$289,685

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 ratio1.11

Monthly cost to own$1,802

Monthly rent$1,628

Renting is meaningfully cheaper month-to-month.

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: 29th percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 61st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 29316?: The typical home in 29316 is worth $283,905, based on the Zillow Home Value Index.
Are home values rising in 29316?: Home values in 29316 are up 2.9% over the past year, and up 6.5% a year over five years.
What is the typical rent in 29316?: A typical home in 29316 rents for about $1,628 a month, a gross rental yield of 6.9%.
What is the property tax rate in 29316?: The effective property tax rate in 29316 is 0.6% — roughly $1,572 a year on a typical home.
Who lives in 29316?: ZIP code 29316 has a population of 33,104 and a median household income of $74,735.

#Comparable ZIPs

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

29376 vs 29316 →
Roebuck CDP, SC
Typical home
$286,891
Gross yield
—
29385 vs 29316 →
Wellford, SC
Typical home
$279,372
Gross yield
6.1%
29323
Chesnee, SC
Typical home
$291,639
Gross yield
—
29388
Woodruff, SC
Typical home
$292,756
Gross yield
6.3%
29369
Roebuck CDP, SC
Typical home
$294,982
Gross yield
—
29302
Spartanburg, SC
Typical home
$269,480
Gross yield
6.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 29316 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · SC29316

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