29075, Little Mountain, SC

The 29075 zip code of Little Mountain, SC is located in the northwestern corner of Spartanburg County and has a population of just over 10,000. The median household income in this zip code is just over $50,000, which is considerably higher than the statewide median household income of $43,917. Home prices in this zip code have been increasing at a much faster rate than the statewide average since 2013, when they were only about 20% higher than they are now. In fact, as of February 2019, home prices in this zip code are almost 60% higher than they were at their lowest point in 2013!

One reason that home prices have been increasing so rapidly in this zip code is that there are a lot of homes for sale here. As of February 2019 there were just under 2,000 homes for sale in this zip code, which is about half the number of homes that are currently available in Spartanburg County as a whole. This shortage of available homes has led to bidding wars and high home prices. Another reason why home prices have been rising so quickly here is that there is a lot of demand from buyers who want to live close to downtown Little Mountain or who want to buy a house that has already been renovated or upgraded.

Despite all these reasons why home prices have been going up so fast in the 29075 zip code of Little Mountain, it's important to keep in mind that not everyone can afford to buy a house here. In fact, according to Zillow's 2019 Home Value Index report (which measures how much each ZIP Code across the U.S. has increased compared with its pre-recession peak), the 29075 ZIP Code ranks as one of the most expensive places to live in South Carolina! So if you're looking for an affordable place to live don't look too far away from Little Mountain - you may be better off looking elsewhere on SC's southeastern border!