Greenville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenville Neighborhoods Since 2000




Greenville, OH 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 13,006, 6,061 total housing units (homes and apartments), and a median house value of $75,104, house prices in Greenville are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Greenville, accounting for 61.93% 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 ( 16.32%), large apartment complexes or high rise apartments ( 11.37%), and a few row houses and other attached homes ( 5.96%).

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 51.12% owning and 48.88% renting.

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 before 1939 ( 31.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.59%). There's also some housing in Greenville built between 2000 and later ( 6.83%).

Greenville Home Appreciation Rates

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 -1.14%, which is lower than 70% of US communities.

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 -0.81%, 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 -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Greenville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Greenville's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

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:
$75,104

Greenville, OH HOME PRICES

Value Range
> $993,000 0.4
$745,001 - $993,000 0.0
$496,001 - $745,000 0.4
$397,001 - $496,000 0.6
$298,001 - $397,000 1.2
$199,001 - $298,000 3.0
$99,001 - $199,000 36.0
$50,001 - $99,000 40.0
$0 - $50,000 18.3

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
93.1091058244463 95.0131233595801

Number Of Homes And Apartments:
6,061

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
-6.73% -0.40% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$757 / per month

Homeownership Rate

Homeownership
Owners 51.12
Renters 48.88
Vacant 8.25

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 6.8
1970 - 1999 31.9
1940 - 1969 29.6
1939 or Older 31.7

Types of Homes

TYPE OF Greenville HOMES
Single-Family 61.9
Townhomes 6.0
Small Apt. Buildings 16.3
Apt. Complexes 11.4
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 2.94
1 Bedroom 11.60
2 Bedrooms 32.71
3 Bedrooms 44.20
4 Bedrooms 7.36
5 or more bedrooms 1.20