What's a good cap rate in Spartanburg?

In Spartanburg, cap rates typically run around 6.8% (South Carolina state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Spartanburg deal lands versus this benchmark.

What's the average rent for a rental in Spartanburg?

A typical rental in Spartanburg runs about $1,200–$1,650/mo (estimate; varies by neighborhood, size, and condition). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in South Carolina?

South Carolina's effective property tax rate is about 0.57% of value per year — the figure TrueCap applies by default for Spartanburg deals. You can override it with the exact local rate.

Spartanburg, SC

Spartanburg rental property analysis

Spartanburg rides Upstate South Carolina's manufacturing boom (BMW, logistics) with affordable entry and steady demand.

Spartanburg market snapshot

Balanced market

Mid-range cap rates — cash flow and appreciation are both realistically on the table.

Typical cap rate

6.8%

South Carolina state median

Typical rent

$1,200–$1,650/mo

est., SFR / small multi

Typical price

$200,000–$290,000

est., all-in

Property tax

0.57%

South Carolina effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Spartanburg a good place to buy rentals?

Industrial job growth and reasonable prices make for solid cash flow with upside — a quieter alternative to Greenville.

See the full South Carolinainvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Spartanburg

Eastside Spartanburg

Family renters, low vacancy.

Converse Heights

Historic, desirable, steady demand.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Spartanburg deal in 60 seconds

Paste a Spartanburg address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with South Carolina tax and HUD rent so you start from the right assumptions.

Try TrueCap free

Free calculators

Cap rate calculator Cash-on-cash calculator DSCR calculator Mortgage payment calculator Rental property tax calculator