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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Spartanburg presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Spartanburg, SC is a smaller short-term rental market with 118 active Airbnb listings and an average daily rate of $153—well below the $358 state average—making it an accessible entry point for investors seeking affordable acquisition costs. With average annual revenue of $20,283 per listing and home values around $351,457, the market offers a competitive opportunity, though a 139% year-over-year growth in listings signals rising competition that demands careful deal selection. Occupancy sits at 40%, slightly above the South Carolina state average, suggesting steady underlying demand.
According to Rabbu market data, the Spartanburg short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 118 |
| Average Daily Rate (ADR) | vs. $358 state avg. | $153 |
| Average Occupancy Rate | vs. 38% state avg. | 40% |
| RevPAN | ADR * Occupancy Rate | $60 |
| Average Monthly Revenue | Historical 12-month average | $1,690 |
| Average Annual Revenue | Historical 12-month average | $20,283 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Spartanburg appeals to investors looking for an affordable entry into South Carolina's STR landscape, where lower home prices and moderate demand create a workable revenue-to-price equation for well-positioned properties.
Key investment factors
"Spartanburg represents a competitive opportunity with moderate return potential—its ROI score of 49 out of 100 reflects average revenue-to-price dynamics and occupancy stability, paired with a below-average supply/demand balance driven by rapid listing growth. The market shows clear seasonality, with revenue dipping to around $935–$958 in January and February before climbing to a September peak of $2,433, creating a nearly 2.5x swing between the slowest and busiest months. Investors who time pricing aggressively during the summer-through-fall corridor and manage costs carefully during winter months will be best positioned. This is a market that rewards operational discipline and strategic property selection rather than passive hosting."
— Rabbu Market Analysis Team
Revenue in Spartanburg follows a pronounced seasonal pattern, peaking at $2,433 in September and bottoming at $935 in February—a spread of nearly $1,500 that underscores the importance of dynamic pricing and off-season cost management. The strongest earning corridor stretches from May through October, with six consecutive months above $1,700.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$958 |
| February |
|
$935 |
| March |
|
$1,528 |
| April |
|
$1,566 |
| May |
|
$1,791 |
| June |
|
$1,887 |
| July |
|
$2,190 |
| August |
|
$1,832 |
| September |
|
$2,433 |
| October |
|
$1,946 |
| November |
|
$1,772 |
| December |
|
$1,438 |
Two-bedroom properties dominate Spartanburg's supply with 45 listings (38% of the market), followed by 3-bedrooms at 35 and 1-bedrooms at 21. Four-bedroom homes are the least represented at just 14 listings, which could signal a niche opportunity for investors willing to operate larger properties.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
21 |
| 2 bedrooms |
|
45 |
| 3 bedrooms |
|
35 |
| 4 bedrooms |
|
14 |
ADR climbs steadily with size, from $96 for 1-bedroom units to $200 for 4-bedrooms, though the jump from 3-bedrooms ($190) to 4-bedrooms ($200) is relatively modest at just $10. The strongest price premium per additional bedroom appears between 2-bedroom ($129) and 3-bedroom ($190) configurations, suggesting a sweet spot for rate optimization.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$96 |
| 2 bedrooms |
|
$129 |
| 3 bedrooms |
|
$190 |
| 4 bedrooms |
|
$200 |
Three-bedroom listings deliver the highest RevPAN at $65, edging out 2-bedrooms at $59 despite having lower occupancy, thanks to their significantly higher ADR. Four-bedroom properties drop to $51 in RevPAN due to their 26% occupancy rate, indicating that while nightly rates are high, these units sit empty more often.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$42 |
| 2 bedrooms |
|
$59 |
| 3 bedrooms |
|
$65 |
| 4 bedrooms |
|
$51 |
Smaller properties fill more consistently in Spartanburg: 2-bedrooms lead at 46% occupancy and 1-bedrooms follow at 43%, while 3- and 4-bedroom units trail at 35% and 26% respectively. Investors focused on cash-flow stability may favor the smaller configurations, while those chasing higher per-booking revenue will need to accept more vacant nights with larger homes.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
43% |
| 2 bedrooms |
|
46% |
| 3 bedrooms |
|
35% |
| 4 bedrooms |
|
26% |
Four-bedroom properties earn the most at $2,026 per month on average, followed closely by 2-bedrooms at $1,760 and 3-bedrooms at $1,744. One-bedroom units lag notably at $1,010 per month, making them better suited for lower-maintenance, lower-investment strategies rather than high-revenue plays.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$1,010 |
| 2 bedrooms |
|
$1,760 |
| 3 bedrooms |
|
$1,744 |
| 4 bedrooms |
|
$2,026 |
On an annual basis, 4-bedroom properties lead with $24,316 in average revenue, while 2- and 3-bedroom listings cluster closely around $21,000. One-bedroom units generate roughly $12,126 annually, about half of what a 4-bedroom earns—investors should weigh this gap against the lower acquisition and operating costs of smaller units.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$12,126 |
| 2 bedrooms |
|
$21,121 |
| 3 bedrooms |
|
$20,929 |
| 4 bedrooms |
|
$24,316 |
Kitchens (99%) and parking (98%) are essentially table stakes in Spartanburg, while washer/dryer availability (90%/83%) and self check-in (85%) are near-universal expectations. A dedicated workspace at 74% signals notable demand from business or remote-work guests, and investors who add differentiators like a pool (only 7%) or pet-friendly policies (42%) could capture underserved demand segments.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
99% |
| Parking |
|
98% |
| Washer |
|
90% |
| Self Check-in |
|
85% |
| Dryer |
|
83% |
| Workspace |
|
74% |
| Backyard |
|
70% |
| Patio or Balcony |
|
59% |
| Pets |
|
42% |
| Outdoor Furniture |
|
42% |
| BBQ Grill |
|
35% |
| Gym |
|
7% |
| Pool |
|
7% |
| EV Charger |
|
5% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Spartanburg Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Below average | 15% |
Spartanburg's ROI score of 49 out of 100 places it in the Competitive Opportunity band, reflecting average marks across revenue-to-price ratio, occupancy stability, and market growth trend, with a below-average supply/demand balance driven by rapid listing growth of 139% year-over-year. This means returns are achievable but not automatic—investors who source deals below the $351,457 average home value and target the right property sizes can improve their individual ROI beyond the market average. We recommend pairing this data with thorough local regulatory research and a conservative underwriting approach to account for the market's competitive dynamics.
Understanding local STR regulations is essential before investing in Spartanburg. Here's the current regulatory landscape:
Spartanburg, South Carolina may require short-term rental operators to obtain permits or register their properties with local authorities before listing. Investors should verify current permit and licensing requirements directly with the City of Spartanburg and Spartanburg County offices before purchasing.
Common STR restrictions in markets like Spartanburg can include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. HOA rules may impose additional restrictions or outright prohibit short-term rentals in certain communities, so due diligence on any deed restrictions is essential before committing to a property.
Short-term rental operators in South Carolina are generally subject to state and local accommodations taxes, as well as applicable sales taxes. Many booking platforms collect and remit these taxes on behalf of hosts, but operators should confirm their specific obligations with the South Carolina Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Spartanburg can provide current regulatory guidance.
Financing an Airbnb investment in Spartanburg requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Spartanburg's STR market is likely to see continued supply growth given the 139% year-over-year increase in listings, which could put modest downward pressure on occupancy if demand doesn't keep pace. Seasonal patterns suggest revenue will concentrate in summer and early fall, with September historically delivering the strongest monthly returns around $2,433. Investors should anticipate ADR holding relatively steady in the $150–$160 range market-wide, though individual properties with strong amenity packages may outperform. Occupancy rates are estimated to hover around 38–42% annually, with selective property sizing and pricing strategies being key differentiators."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing performance and current snapshots as of April 2026; market conditions can shift due to regulatory changes, economic factors, or seasonal fluctuations. Local regulations, HOA rules, and tax obligations vary and should be verified independently before making an investment decision.
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