Spartanburg South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Spartanburg, SC (the Spartanburg metro area) was $841 in 2019 according to the Census ACS survey.1 Average gross rent in Spartanburg was $802 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Spartanburg median and average rent data will be released in September of 2021.
Data is also available below for Spartanburg rental vacancy rates, Spartanburg rent as a percent of median income and the fraction of renters in Spartanburg.
Real Gross Rent in Spartanburg South Carolina (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| South Carolina Median Gross Rent | $922 | +1.54% | +4.65% |
| Spartanburg, SC Median Gross Rent | $841 | +6.46% | +11.24% |
Spartanburg, SC Real Gross Rent Trends
At $841, real median gross rent in Spartanburg was at its highest level in 2019 since the series began in 2005. At $802, real average gross rent in Spartanburg was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Spartanburg: Spartanburg SC Median, Spartanburg SC Average, South Carolina Median, US Median
Real Gross Rent History for Spartanburg
| Date | US Median |
South Carolina Median |
Spartanburg, SC Median |
Spartanburg, SC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $922 | $841 | $802 |
| 2018 | $1,077 | $908 | $790 | $733 |
| 2017 | $1,043 | $874 | $812 | $757 |
| 2016 | $1,027 | $881 | $756 | $713 |
| 2015 | $1,017 | $869 | $754 | $705 |
| 2014 | $986 | $835 | $737 | $695 |
| 2013 | $953 | $807 | $716 | $669 |
| 2012 | $940 | $802 | $726 | $707 |
| 2011 | $941 | $800 | $730 | $663 |
| 2010 | $955 | $813 | $714 | $672 |
| 2009 | $960 | $805 | $708 | $699 |
| 2007 | $927 | $758 | $645 | $629 |
| 2005 | $910 | $764 | $688 | $676 |
Spartanburg Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Spartanburg South Carolina was 6.62% according to Census ACS data.
Rental Vacancy Rate in Spartanburg South Carolina
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| South Carolina | 9.13% | -0.86% | +0.64% |
| Spartanburg, SC | 6.62% | -2.36% | +1.90% |
Trends in Spartanburg, SC Rental Vacancy Rate
The rental vacancy rate in Spartanburg peaked in 2009 at 16.89%. Since then it has fallen by 10.27% to 6.62%. Data records for this series originated in 2005. From a 2016 post peak low of 4.72%, the rental vacancy rate has increased by 1.90%.
Rental Vacancy Rate: Spartanburg SC, South Carolina, US
Historical Rental Vacancy Rate data for Spartanburg
| Date | US | South Carolina | Spartanburg, SC |
|---|---|---|---|
| 2019 | 5.97% | 9.13% | 6.62% |
| 2018 | 6.15% | 9.99% | 8.98% |
| 2017 | 6.18% | 8.97% | 4.93% |
| 2016 | 5.89% | 8.49% | 4.72% |
| 2015 | 5.85% | 9.45% | 4.85% |
| 2014 | 6.32% | 10.54% | 7.85% |
| 2013 | 6.49% | 10.54% | 7.32% |
| 2012 | 6.77% | 12.68% | 7.89% |
| 2011 | 7.40% | 12.12% | 12.32% |
| 2010 | 8.17% | 13.69% | 14.17% |
| 2009 | 8.43% | 13.35% | 16.89% |
| 2007 | 7.87% | 11.99% | 13.12% |
| 2005 | 7.74% | 11.43% | 10.21% |
Rent as a Fraction of Income
Using median household income data for Spartanburg, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Spartanburg, median monthly gross rent as a fraction of median household income was 18.24% in 2019 according to the ACS.
Spartanburg South Carolina Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| South Carolina | 19.68% | -0.79% | -0.71% |
| Spartanburg, SC | 18.24% | +0.28% | -0.37% |
Trends in Spartanburg, SC Rent as a Fraction of Income
The fraction of median Spartanburg household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 20.20%. Since then it has fallen by 1.96% to 18.24%.
Fraction of Income towards Rent: Spartanburg SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Spartanburg South Carolina
| Date | US | South Carolina | Spartanburg, SC |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 18.24% |
| 2018 | 20.50% | 20.46% | 17.96% |
| 2017 | 20.13% | 20.12% | 18.88% |
| 2016 | 20.43% | 20.39% | 18.61% |
| 2015 | 20.63% | 20.81% | 19.38% |
| 2014 | 20.89% | 20.98% | 19.41% |
| 2013 | 20.78% | 20.81% | 19.87% |
| 2012 | 20.65% | 20.99% | 20.02% |
| 2011 | 20.70% | 20.99% | 20.20% |
| 2010 | 20.50% | 20.79% | 18.32% |
| 2009 | 20.12% | 19.96% | 18.78% |
| 2007 | 18.66% | 17.86% | 16.10% |
| 2005 | 18.89% | 18.65% | 17.67% |
Renter Fraction in Spartanburg South Carolina
You can calculate the renter fraction in Spartanburg in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Spartanburg as a fraction of total Spartanburg households. In 2019 27.43% of households were renters according to Census ACS data.
Spartanburg Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| South Carolina | 29.73% | -1.00% | -1.64% |
| Spartanburg, SC | 27.43% | -1.80% | -3.29% |
Trends in the Spartanburg, SC Renter Fraction
The Spartanburg household renter fraction peaked in in 2014 at 33.31% and is now 5.88% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Spartanburg SC, South Carolina, US
History of Spartanburg Renter Fraction
| Date | US | South Carolina | Spartanburg, SC |
|---|---|---|---|
| 2019 | 35.89% | 29.73% | 27.43% |
| 2018 | 36.05% | 30.73% | 29.23% |
| 2017 | 36.13% | 31.25% | 31.03% |
| 2016 | 36.88% | 31.37% | 30.72% |
| 2015 | 36.97% | 31.87% | 31.37% |
| 2014 | 36.90% | 31.95% | 33.31% |
| 2013 | 36.50% | 31.83% | 32.11% |
| 2012 | 36.09% | 31.87% | 32.26% |
| 2011 | 35.42% | 30.83% | 31.06% |
| 2010 | 34.65% | 31.30% | 29.52% |
| 2009 | 34.13% | 29.86% | 27.90% |
| 2007 | 32.80% | 29.96% | 25.88% |
| 2005 | 33.10% | 29.91% | 30.48% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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