ZIP 29303 - 860Z200US29303 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 29303, located in Spartanburg, South Carolina, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, affordable housing, and a range of economic indicators, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living or working in 29303.

Population & Households

ZIP 29303 is home to a population of 28,009 residents as of 2023, making it a moderately sized community with a mix of urban and suburban characteristics. This population is distributed across 9,435 households, reflecting a variety of family structures and living arrangements. With 10,891 total housing units in the area, there’s a notable difference between occupied and available units, which could indicate potential for growth or investment in housing stock. For those looking to understand community dynamics, these numbers suggest a stable yet evolving area with room for new residents or developments.

Income & Housing Costs

The median household income in ZIP 29303 stands at $45,713, which is below the national average but reflective of the cost of living in this part of South Carolina. This income level can influence purchasing power and the types of businesses that thrive here. On the housing front, the median house value is $143,600, offering an affordable entry point for homebuyers compared to many other regions. For renters, the median rent is $968 per month, which aligns with the income levels and provides a reasonable option for those not ready to buy. These figures highlight 29303 as a budget-friendly area for housing, whether you’re looking to own or rent.

Race & Ethnicity

ZIP 29303 boasts a diverse population, which shapes the cultural and social fabric of the community. The racial composition includes 42.19% White, 36.07% Black, 1.94% Asian, and 16.15% Hispanic residents. This diversity can be a draw for businesses seeking a varied customer base or for families looking for an inclusive environment. Understanding the demographic makeup of 29303 can help tailor services, marketing strategies, or community engagement efforts to resonate with the local population.

Key Facts

• Total population in ZIP 29303: 28,009 residents.
• Total households: 9,435, indicating a mix of family and individual living arrangements.
• Total housing units: 10,891, with some vacancy suggesting potential for growth.
• Median household income: $45,713, reflecting local economic conditions.
• Median house value: $143,600, an accessible price point for many buyers.
• Median rent: $968, offering affordable rental options.
• Diverse demographics: 42.19% White, 36.07% Black, 1.94% Asian, and 16.15% Hispanic.

What This Means for You

For homebuyers, ZIP 29303 offers affordability with a median house value of $143,600, making it an attractive option for first-time buyers or those seeking value in their investment. The rental market, with a median rent of $968, also provides flexibility if you’re not ready to commit to purchasing. Real estate investors and agents should note the gap between total housing units and occupied households, which may signal opportunities for property development or flipping in an area with growing potential. The median income of $45,713 suggests a need for housing options that cater to moderate-income families.

For small-business owners, the diverse population of 28,009 and varied racial composition mean a broad customer base with different needs and preferences. Tailoring products or services to this diversity—whether through cultural marketing or inclusive offerings—could drive success. Additionally, the income levels indicate a market sensitive to pricing, so value-driven strategies may resonate well. Analysts can use these metrics to benchmark 29303 against neighboring ZIP codes or to identify trends in housing and demographic shifts over time.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 29303? 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 costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture in any location.