Greenville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenville Neighborhoods Since 2000




Greenville, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Greenville Housing Market Information

With a population of 7,845, 3,114 total housing units (homes and apartments), and a median house value of $93,311, house prices in Greenville are solidly below the national average.

Single-family detached homes are the single most common housing type in Greenville, accounting for 65.62% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 14.97%), duplexes, homes converted to apartments or other small apartment buildings ( 13.68%), and a few mobile homes or trailers ( 3.81%).

The most prevalent building size and type in Greenville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.96% owning and 47.04% renting.

There is a lot of housing in Greenville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greenville built between 1940-1969 ( 25.52%). A lesser amount of the housing stock also hails from before 1939 ( 12.23%). There's also some housing in Greenville built between 2000 and later ( 9.56%).

Vacant housing appears to be an issue in Greenville. Fully 12.68% of the housing stock is classified as vacant. Left unchecked, vacant Greenville homes and apartments can be a drag on the real estate market, holding Greenville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Greenville Home Appreciation Rates

Real estate appreciation rates in Greenville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.37% during the period.

Over the last year, Greenville appreciation rates have trailed the rest of the nation. In the last twelve months, Greenville's appreciation rate has been -0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenville were at 0.55%, which equates to an annual appreciation rate of 2.22%.

Relative to Alabama, our data show that Greenville's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

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 2000, to assist you in making the best Greenville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$93,311

Greenville, AL HOME PRICES

Value Range
> $992,000 0.3
$744,001 - $992,000 0.2
$496,001 - $744,000 1.1
$397,001 - $496,000 0.5
$298,001 - $397,000 1.8
$198,001 - $298,000 10.7
$99,001 - $198,000 30.7
$49,001 - $99,000 30.9
$0 - $49,000 23.7

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8469471463729 60.75

Number Of Homes And Apartments:
3,114

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
17.04% 0.92% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$732 / per month

Homeownership Rate

Homeownership
Owners 52.96
Renters 47.04
Vacant 12.68

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 9.6
1970 - 1999 52.7
1940 - 1969 25.5
1939 or Older 12.2

Types of Homes

TYPE OF Greenville HOMES
Single-Family 65.6
Townhomes 1.9
Small Apt. Buildings 13.7
Apt. Complexes 15.0
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 1.40
1 Bedroom 6.56
2 Bedrooms 31.52
3 Bedrooms 50.22
4 Bedrooms 9.53
5 or more bedrooms 0.76