Housing market/South Carolina/ZIP 29316
ZIP 29316 Spartanburg, South Carolina
Spartanburg, SC HUD Metro FMR Area · South Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 29316 · SC — sent to you.
ZIP 29316 · SC
ACS rent vs 2BR SAFMR
ZIP 29316 — Spartanburg, SC HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 29316
- 1-unit detached9,57378.5%
- 1-unit attached6045.0%
- 2–4 units4033.3%
- 5–49 units9587.9%
- 50+ units470.4%
- Mobile6175.1%
2–4 unit share 3.3% · 5–49 unit share 7.9% · combined 2–49 11.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,133 (all bedrooms, occupied rentals).
- Median contract rent $1,027.
- Renters paying ≥30% of income 44.3%; ≥50% 19.5%.
- FY2027 2BR SAFMR $1,290 (1.139× ACS median gross rent).
Population
31,874 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +19.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 214 units.
- HUD project-based assisted MF: 1 properties, 20 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 29316 20.9% of occupied households are renters; vacancy is 1.7%; ACS median gross rent is $1,133; population increased +19.3% between the 2018 and 2023 ACS vintages; the housing stock includes 403 units in 2–4-unit structures and 958 units in 5–49-unit structures; 3 LIHTC projects totaling 214 units; FY2027 2BR SAFMR is $1,290 versus ACS median gross rent of $1,133. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
South Carolina research
ZIP 29316 is a Census / HUD profile for Spartanburg, SC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 29316 — Spartanburg, SC HUD Section 8 Payment Standards / SAFMR·South Carolina ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is South Carolina research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 29316?
ZIP 29316 (Spartanburg, SC HUD Metro FMR Area) has 31,874 residents, 11,999 households, a renter share of 20.9%, median household income of $75,808, and ACS 2023 median gross rent of $1,133. Vacancy is 1.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 29316?
ACS counts 290 units in 2-unit buildings, 113 in 3–4 unit buildings, 330 in 5–9, 320 in 10–19, and 308 in 20–49. Combined 2–49 unit stock is 1,361 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 29316?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,290. See the full schedule and 90–110% payment-standard band on the ZIP 29316 — Spartanburg, SC HUD Section 8 Payment Standards / SAFMR.
Does this South Carolina ZIP profile include Georgia listings?
No. ZIP 29316 is Census / HUD research for Spartanburg, SC HUD Metro FMR Area. Jeff Crowe CRE does not list South Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.