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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 93,137, 36,865 total housing units (homes and apartments), and a median house value of $198,596, Greenville real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in Greenville, accounting for 43.27% of the city's housing units. Other types of housing that are prevalent in Greenville include single-family detached homes ( 34.67%), row houses and other attached homes ( 12.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.81%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Greenville is dominated by renter-occupied one, two, or no bedrooms apartments. 68.78% of Greenville's dwellings are rentals.
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 2000 and later ( 38.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.63%). There's also some housing in Greenville built before 1939 ( 1.72%).
Vacant housing appears to be an issue in Greenville. Fully 13.85% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greenville during the period has been just 1.20%, which is lower than 80% of US communities.
Appreciation rates are so strong in Greenville that despite a nationwide downturn in the housing market, Greenville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenville appreciation rates continue to be some of the highest in America, at 6.92%, which is higher than appreciation rates in 74.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenville. Greenville appreciation rates in the latest quarter were at 1.43%, which equates to an annual appreciation rate of 5.86%.
Relative to North Carolina, our data show that Greenville's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
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.
|$860,001 - $1,146,000||0.6|
|$573,001 - $860,000||1.7|
|$458,001 - $573,000||2.3|
|$344,001 - $458,000||6.1|
|$229,001 - $344,000||16.9|
|$115,001 - $229,000||43.9|
|$57,001 - $115,000||19.2|
|$0 - $57,000||8.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Greenville HOMES|
|2000 or Newer||38.1|
|1970 - 1999||45.6|
|1940 - 1969||14.6|
|1939 or Older||1.7|
|TYPE OF Greenville HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF Greenville HOMES|
|5 or more bedrooms||1.86|