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 90,597, 35,367 total housing units (homes and apartments), and a median house value of $161,477, 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 43.16% of the city's housing units. Other types of housing that are prevalent in Greenville include single-family detached homes ( 34.00%), duplexes, homes converted to apartments or other small apartment buildings ( 10.74%), and a few row houses and other attached homes ( 10.18%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Greenville is dominated by renter-occupied one, two, or no bedrooms apartments. 67.39% 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 ( 38.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.60%). There's also some housing in Greenville built before 1939 ( 1.49%).
Vacant housing appears to be an issue in Greenville. Fully 13.01% 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.
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 -0.06% during the period.
NeighborhoodScout's data show that during the latest twelve months, Greenville's appreciation rate, at 5.75%, has been at or slightly above the national average. In the latest quarter, Greenville's appreciation rate has been 5.69%, which annualizes to a rate of 24.80%.
Importantly, NeighborhoodScout’s exclusive research found that Greenville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to North Carolina, our data show that Greenville's latest annual appreciation rate is higher than 70% 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.
|$802,001 - $1,070,000||0.6|
|$535,001 - $802,000||1.5|
|$428,001 - $535,000||1.7|
|$321,001 - $428,000||5.1|
|$214,001 - $321,000||13.4|
|$107,001 - $214,000||46.0|
|$54,001 - $107,000||24.1|
|$0 - $54,000||7.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Greenville HOMES|
|2000 or Newer||38.3|
|1970 - 1999||46.6|
|1940 - 1969||13.6|
|1939 or Older||1.5|
|TYPE OF Greenville HOMES|
|Small Apt. Buildings||10.7|
|SIZE OF Greenville HOMES|
|5 or more bedrooms||1.65|