Side-by-side comparison of Rock Hill, SC and Spartanburg, SC — cap rates, rent, prices, and investment metrics.
Cash flow: Spartanburg has the edge with an estimated cap rate of 4.98% compared to Rock Hill's 4.32%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $265,000 in Rock Hill vs $195,000 in Spartanburg, while rents come in at $1,320/mo and $1,100/mo respectively.
Growth & appreciation: Rock Hill is growing faster at 2.2% annually vs Spartanburg's 0.8%. Rock Hill leads on home value appreciation at 3.4% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 0.56% in Rock Hill vs 0.57% in Spartanburg. Vacancy rates of 5% and 6.2% are mixed — Rock Hill has the tighter rental market.
Bottom line: Rock Hill edges out Spartanburg on most key metrics. While cap rates are moderate at 4.32%, Rock Hill's overall profile is stronger. Use our free calculators to model specific deals in Rock Hill or Spartanburg.