Greenville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Greenville Neighborhoods Since 2000




Greenville, NC 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 Q2 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 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.

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 -0.06% 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.

Average Home Values

 

Median Home Value:
$161,477

Greenville, NC HOME PRICES

Value Range
> $1,070,000 0.5
$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

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
46.5776684817612 39.7459165154265

Number Of Homes And Apartments:
35,367

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
22.02% 1.14% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,029 / per month

Homeownership Rate

Homeownership
Owners 32.61
Renters 67.39
Vacant 13.01

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 38.3
1970 - 1999 46.6
1940 - 1969 13.6
1939 or Older 1.5

Types of Homes

TYPE OF Greenville HOMES
Single-Family 34.0
Townhomes 10.2
Small Apt. Buildings 10.7
Apt. Complexes 43.2
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 1.11
1 Bedroom 14.75
2 Bedrooms 36.10
3 Bedrooms 34.08
4 Bedrooms 12.31
5 or more bedrooms 1.65