29306 — Spartanburg County, South Carolina Market Snapshot
Housing market data for zip code 29306 in Spartanburg County, South Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
48 sales in 2026 (year to date)
Median Sale Price
$253,450
Days to Sell
115
Homes Sold
48
Inventory
86
Sale-to-List
98.4%
New Listings
90
Price/SqFt
$162
Pending Sales
60
Conforming Loan Available
Most homebuyers in 29306 can comfortably use conventional financing. The median home price of $253,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 115 days on average, 29306 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 29306 (98.4% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 29306 can comfortably use conventional financing. The median home price of $253,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 29306 are set at the county level.
2026 Loan Limits — Spartanburg County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 29306
To purchase the median home at $253,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,092.
Monthly Payment
$2,092
Income Required
$89,651
Principal & Interest
$1,562/mo
Down Payment (5%)
$12,673
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 29306.
Estimated Monthly Payment
$1,719
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