Greer appreciation rates and housing market information

Greer housing market information

With a population of 16,537, 7,492 total housing units (homes and apartments), and a median house value of $152,153, Greer real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Greer, accounting for 75.79% of the city's housing units. Other types of housing that are prevalent in Greer include duplexes, homes converted to apartments, or other small apartment buildings (8.12%), large apartment complexes or high rise apartments (7.17%), mobile homes or trailers (6.18%), and a few row houses and other attached homes (2.64%).

The most prevalent building size and type in Greer are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 56.19% owning, and 34.34% 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. Greer's housing was primarily built during this period, from the '40s through the '60s. A full 39.23% of the city's housing hails from this era. Other housing ages represented in Greer include homes built between 1970-1994 (25.61%), and housing constructed from 1995 and later (23.93%). There's also some housing in Greer built between 1939 and earlier (11.23%).

Greer home appreciation rates

In the last 10 years, Greer has experienced some of the highest home appreciation rates of any community in the nation. Greer real estate appreciated 124.73% over the last ten years, which is an average annual home appreciation rate of 12.47%, putting Greer in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Greer definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Greer that despite a nationwide downturn in the housing market, Greer real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greer appreciation rates continue to be some of the highest in America, at 10.30%, which is higher than appreciation rates in 99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greer. Greer appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 10.72%.

Importantly, this makes Greer one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to South Carolina, our data show that Greer's latest annual appreciation rate is higher than 97% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greer differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greer - 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 Greer real estate investment or home purchase decisions.