ZIP 29301 - 860Z200US29301 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 29301, located in Spartanburg, South Carolina, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 35,000 and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you make informed decisions about living, investing, or operating in this region.

Population & Households

ZIP 29301 is home to 35,694 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These individuals are distributed across 13,596 households, reflecting a variety of family structures and living arrangements. With 16,020 total housing units in the area, there’s a notable difference between occupied and available units, which could signal opportunities for investors or buyers looking for properties in this market.

Income & Housing Costs

The median household income in ZIP 29301 stands at $56,606, which provides a solid economic foundation for many residents. This income level suggests a community with moderate purchasing power, relevant for small businesses targeting local consumers. On the housing front, the median home value is $200,800, offering a relatively accessible entry point for homebuyers compared to national averages in many urban areas. For renters, the median rent is $1,126 per month, which aligns with the income levels and indicates a balanced rental market for potential landlords or tenants.

Race & Ethnicity

ZIP 29301 boasts a diverse population, which shapes the cultural and social fabric of the area. The racial composition includes 45.43% White, 31.73% Black, 5.3% Asian, and 13.22% Hispanic residents. This diversity can be a significant draw for businesses seeking a broad customer base or for families looking for an inclusive community. Understanding this mix is also critical for investors and analysts assessing market needs and community dynamics in this region.

Key Facts

• Total population: 35,694 residents in 2023.
• Total households: 13,596, supporting a range of family and individual lifestyles.
• Total housing units: 16,020, with potential availability for new occupants or investors.
• Median household income: $56,606, reflecting moderate economic stability.
• Median home value: $200,800, an accessible price point for many buyers.
• Median rent: $1,126, indicative of a balanced rental market.
• Diverse demographics: 45.43% White, 31.73% Black, 5.3% Asian, and 13.22% Hispanic.

What This Means for You

For homebuyers, ZIP 29301 offers a promising mix of affordability and community diversity. With a median home value of $200,800, this area could be an excellent starting point for first-time buyers or those seeking value in a growing market. The diversity and population size also suggest a vibrant neighborhood with varied amenities and social opportunities.

For investors and real estate agents, the gap between total housing units (16,020) and occupied households (13,596) hints at potential vacancies or underutilized properties. This could translate into opportunities for rental investments or property flips, especially given the reasonable median rent of $1,126 and a stable local income base of $56,606.

For small-business owners, the diverse demographic makeup and moderate income levels indicate a market with varied consumer needs and spending capacity. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to a multicultural audience in ZIP 29301 could drive success.

For analysts, the data points to a balanced community with economic and cultural diversity. This ZIP code’s metrics provide a foundation for deeper studies into housing trends, income distribution, or market segmentation for targeted strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 29301? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific needs.
• Use the insights to inform your next move, investment, or business decision with confidence and precision.