Greenville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenville Neighborhoods Since 2000




Greenville, PA 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 5,819, 2,153 total housing units (homes and apartments), and a median house value of $76,247, house prices in Greenville are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Greenville, accounting for 64.78% of the borough's housing units. Other types of housing that are prevalent in Greenville include duplexes, homes converted to apartments or other small apartment buildings ( 24.12%), large apartment complexes or high rise apartments ( 9.00%), and a few row houses and other attached homes ( 1.51%).

The most prevalent building size and type in Greenville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 47.47% owning and 52.53% renting.

The housing in Greenville was primarily built before 1939 ( 57.79%), making the housing stock in Greenville some of the oldest overall in America, although there is a range of ages of homes in Greenville. The next most important housing age is between 1940-1969 ( 27.85%), followed by between 1970-1999 ( 14.08%).

Vacant housing appears to be an issue in Greenville. Fully 14.60% 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 0.91%, which ranks in the top 50% nationwide. This equates to an annual average Greenville house appreciation rate of 0.09%.

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 0.84%, 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 2.15%, which equates to an annual appreciation rate of 8.89%.

Importantly, this makes Greenville one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Greenville's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$76,247

Greenville, PA HOME PRICES

Value Range
> $1,053,000 1.7
$790,001 - $1,053,000 0.0
$527,001 - $790,000 0.0
$421,001 - $527,000 0.9
$316,001 - $421,000 0.5
$211,001 - $316,000 0.8
$105,001 - $211,000 18.8
$53,001 - $105,000 62.6
$0 - $53,000 14.6

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
92.5817414742763 90.6280193236715

Number Of Homes And Apartments:
2,153

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
19.83% 1.05% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$687 / per month

Homeownership Rate

Homeownership
Owners 47.47
Renters 52.53
Vacant 14.60

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 0.3
1970 - 1999 14.1
1940 - 1969 27.8
1939 or Older 57.8

Types of Homes

TYPE OF Greenville HOMES
Single-Family 64.8
Townhomes 1.5
Small Apt. Buildings 24.1
Apt. Complexes 9.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 1.67
1 Bedroom 14.68
2 Bedrooms 28.96
3 Bedrooms 38.91
4 Bedrooms 11.58
5 or more bedrooms 4.20