Median Home Price
$538,039.02
Median Rent
$2,120.09/mo
Price-to-Rent Ratio
21.1
Property Tax RateTIE
0.57%
Price Change (1Y)
-0.1%
Price Change (5Y)
-0.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$302,127
Median Home PriceBETTER
$272,812.09
Median RentBETTER
$1,435.86/mo
Price-to-Rent RatioBETTER
15.8
Property Tax RateTIE
0.57%
Price Change (1Y)BETTER
+2.1%
Price Change (5Y)BETTER
+10.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$99,208
Key Differences
Home Prices
Hilton Head Island's median home price of $538,039.02 is higher than Spartanburg's $272,812.09 by 97%.
Monthly Rent
Renting in Hilton Head Island costs $2,120.09/mo compared to $1,435.86/mo in Spartanburg—a difference of $684.23/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.