Median Home Price
$272,812.09
Median Rent
$1,435.86/mo
Price-to-Rent Ratio
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 Difference
$99,208
Median Home PriceBETTER
$208,094.98
Median RentBETTER
$1,367.66/mo
Price-to-Rent RatioBETTER
12.7
Property Tax RateTIE
0.57%
Price Change (1Y)
-0.6%
Price Change (5Y)
-3.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$32,176
Key Differences
Home Prices
Spartanburg's median home price of $272,812.09 is higher than Sumter's $208,094.98 by 31%.
Monthly Rent
Renting in Spartanburg costs $1,435.86/mo compared to $1,367.66/mo in Sumter—a difference of $68.2/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.