Greenville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greenville, KY 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 4,395, 1,738 total housing units (homes and apartments), and a median house value of $108,031, 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 76.73% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 14.58%), mobile homes or trailers ( 4.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.35%).

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 57.68% owning and 42.32% 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 42.94% of the city's housing hails from this era. Other housing ages represented in Greenville include homes built between 1970-1999 ( 40.19%) and housing constructed before 1939 ( 9.60%). There's also some housing in Greenville built between 2000 and later ( 7.27%).

Vacant housing appears to be an issue in Greenville. Fully 11.69% 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

Appreciation rates for homes in Greenville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.03%, which ranks in the top 30% nationwide. This equates to an annual average Greenville house appreciation rate of 0.96%.

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 2.36%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Greenville's latest annual appreciation rate is lower than 70% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$108,031

Greenville, KY HOME PRICES

Value Range
> $1,048,000 0.0
$787,001 - $1,048,000 0.0
$524,001 - $787,000 0.0
$419,001 - $524,000 0.5
$315,001 - $419,000 1.9
$210,001 - $315,000 11.1
$105,001 - $210,000 35.6
$52,001 - $105,000 38.6
$0 - $52,000 12.3

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
72.5301769600375 49.3734335839599

Number Of Homes And Apartments:
1,738

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
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
26.25% 1.36% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$747 / per month

Homeownership Rate

Homeownership
Owners 57.68
Renters 42.32
Vacant 11.69

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 7.3
1970 - 1999 40.2
1940 - 1969 42.9
1939 or Older 9.6

Types of Homes

TYPE OF Greenville HOMES
Single-Family 76.7
Townhomes 1.0
Small Apt. Buildings 3.4
Apt. Complexes 14.6
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 0.91
1 Bedroom 14.08
2 Bedrooms 19.36
3 Bedrooms 51.12
4 Bedrooms 12.25
5 or more bedrooms 2.29

Popular Neighborhoods in Greenville

Zip Codes in Greenville, KY