29307 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Spartanburg County
Centroid: Latitude 34.999, Longitude -81.746
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 29307 has segments in 2 Counties (Cherokee, Spartanburg).

Businesses Addresses: 479
PO Box Addresses: 0
Residential Addresses: 8,774

Multi-Family Addresses: 1,515
Single Family Addresses: 7,259

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Spartanburg, SC 29307 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	22,237 (100%)
Population in Households	21,944 (98.7%)
Population in Families	16,791 (75.5%)
Population in Group Quarters¹	293 ( 1.3%)
Population Density	484
Diversity Index²	40


INCOME
Median Household Income	$50,577
Average Household Income	$71,959
% of Income for Mortgage⁴	12%
Per Capita Income	$31,959
Wealth Index⁵	85

HOUSING
Total HU (Housing Units)	10,783 (100%)
Owner Occupied HU	6,003 (55.7%)
Renter Occupied HU	3,863 (35.8%)
Vacant Housing Units	917 ( 8.5%)
Median Home Value	$147,757
Average Home Value	$187,106
Housing Affordability Index³	207

HOUSEHOLDS
Total Households	9,866
Average Household Size	2.22
Family Households	5,754
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Spartanburg, SC 29307 - Peer Comparisons by Rank and Percentile

The table below compares 29307 to the other 398 ZIP Codes in South Carolina by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	1.25%	1.17%
Households	1.27%	1.17%
Families	0.98%	1.0%
Median Household Income		0.77%
Per Capita Income		1.44%
Owner Occupied HU		1.08%

Variable Description	Rank	Percentile
Total Population	# 89	78th
Population Density	# 95	76th
Median Household Income	# 142	65th
Housing Affordability Index	# 174	44th
Per Capita Income	# 78	81st
Diversity Index	# 294	26th

Spartanburg, SC 29307 ZIP Code Profile

ZIP Code 29307: Basic Data & USPS Preferred City Name

Spartanburg, SC 29307 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Spartanburg, SC 29307 - Peer Comparisons by Rank and Percentile

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