Greenville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Greenville Neighborhoods Since 2000




Greenville, MS 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 32,156, 12,163 total housing units (homes and apartments), and a median house value of $73,142, 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 75.91% 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 ( 11.30%), large apartment complexes or high rise apartments ( 10.16%), and a few mobile homes or trailers ( 2.11%).

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 51.93% owning and 48.07% 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 47.40% of the city's housing hails from this era. Other housing ages represented in Greenville include homes built between 1970-1999 ( 40.47%) and housing constructed before 1939 ( 6.26%). There's also some housing in Greenville built between 2000 and later ( 5.87%).

Vacant housing appears to be an issue in Greenville. Fully 15.43% 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 5.77%, which ranks in the top 40% nationwide. This equates to an annual average Greenville house appreciation rate of 0.56%.

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 2.94%, 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 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Greenville's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Greenville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$73,142

Greenville, MS HOME PRICES

Value Range
> $1,071,000 0.2
$803,001 - $1,071,000 0.0
$535,001 - $803,000 0.5
$428,001 - $535,000 0.2
$321,001 - $428,000 1.8
$214,001 - $321,000 5.7
$107,001 - $214,000 15.7
$54,001 - $107,000 45.0
$0 - $54,000 31.0

Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
93.929450369155 77.9591836734694

Number Of Homes And Apartments:
12,163

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
27.55% 1.42% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$967 / per month

Homeownership Rate

Homeownership
Owners 51.93
Renters 48.07
Vacant 15.43

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 5.9
1970 - 1999 40.5
1940 - 1969 47.4
1939 or Older 6.3

Types of Homes

TYPE OF Greenville HOMES
Single-Family 75.9
Townhomes 0.5
Small Apt. Buildings 11.3
Apt. Complexes 10.2
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 1.41
1 Bedroom 9.32
2 Bedrooms 22.92
3 Bedrooms 53.46
4 Bedrooms 11.31
5 or more bedrooms 1.59