Greenville appreciation rates and housing market information

Greenville housing market information

With a population of 41,623, 16,276 total housing units (homes and apartments), and a median house value of $89,601, the cost of homes in Greenville is among some of the lowest in the nation. Compared to Mississippi, however, Greenville real estate is not on the lower end of the price spectrum.

single-family detached homes are the single most common housing type in Greenville, accounting for 72.14% of the city's housing units. Other types of housing that are prevalent in Greenville include duplexes, homes converted to apartments, or other small apartment buildings (11.48%), large apartment complexes or high rise apartments (11.18%), mobile homes or trailers (2.93%), and a few row houses and other attached homes (2.20%).

The most prevalent building size and type in Greenville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 50.65% owning, and 40.10% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Greenville's housing was primarily built during this period, from the '40s through the '60s. A full 50.09% of the city's housing hails from this era. Other housing ages represented in Greenville include homes built between 1970-1994 (39.54%), and housing constructed from 1939 and earlier (6.57%). There's also some housing in Greenville built between 1995 and later (3.80%).

Greenville home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Greenville, where house values have increased just 39.70%, which is an average annual increase of 3.97%. NeighborhoodScout's data show that in the latest quarter, Greenville house values appreciated -0.35%, which is an annualized rate of -1.40%. This rate is lower than the appreciation rate found in 70% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Greenville home appreciation rates, at 0.52%, have been at or slightly above the national average. In the latest quarter, Greenville's appreciation rate has been -0.35%, which annualizes to a rate of -1.40%.

Relative to Mississippi, our data show that Greenville's latest annual appreciation rate is higher than 27% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greenville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Greenville real estate investment or home purchase decisions.