Located in South Carolina’s Upcountry region along the commerce-rich 8-85 corridor, metro Spartanburg is seeing house prices move up smartly. Between the fourth quarter of 2010 and the fourth quarter of 2011, median home prices rose from $94,000 to $119,000. And some analysts predict at least a slight increase in the local pace of sales as the year continues.
The local economy continues to struggle. Unemployment is above 9 percent. But a smart rise in the transportation and utilities sector as well as in manufacturing is helping to put the metro area back on track. The area is home to a BMW manufacturing facility that has recently expanded its operations to allow for the increased production of luxury sport utility vehicles.