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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Greenville, SC Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenville, SC Housing Market Trends

With a population of 72,310, 33,550 total housing units (homes and apartments), and a median house value of $494,194, Greenville real estate is some of the most expensive in South Carolina, although Greenville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Greenville, accounting for 44.38% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 40.44%), duplexes, homes converted to apartments or other small apartment buildings ( 9.48%), and a few row houses and other attached homes ( 4.91%).

People in Greenville primarily live in small (one, two or no bedroom) single-family detached homes. Greenville has a mixture of owner-occupied and renter-occupied housing.

Greenville homes and real estate are some of the newest in America. 33.61% of Greenville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Greenville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.37%), and between 1940-1969 ( 27.70%). There's also some housing in Greenville built before 1939 ( 6.33%).

Greenville Home Appreciation Rates

In the last 10 years, Greenville has experienced some of the highest home appreciation rates of any community in the nation. Greenville real estate appreciated 127.63% over the last ten years, which is an average annual home appreciation rate of 8.57%, putting Greenville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Greenville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 7.12%, which is higher than appreciation rates in 75.23% 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 5.83%.

Relative to South Carolina, our data show that Greenville's latest annual appreciation rate is higher than 50% of the other cities and towns in South 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

$494,194

Greenville, SC Home Prices
> $1,406,000
$1,055,001 - $1,406,000
$703,001 - $1,055,000
$562,001 - $703,000
$421,001 - $562,000
$281,001 - $421,000
$141,001 - $281,000
$71,001 - $141,000
$0 - $71,000
6.3%
6.3%
9.9%
9.9%
16.2%
16.2%
10.1%
10.1%
14.3%
14.3%
20.6%
20.6%
16.1%
16.1%
3.4%
3.4%
3.0%
3.0%
0% 100.0%
% of Homes
Very High

for South carolina

Very High

for nation

Number of Homes And Apartments:

33,550

Greenville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,967 / per month

Homeownership Rate

Owners
Renters
39.1%
39.1%
60.9%
60.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.6%
9.6%
90.4%
90.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
33.6%
33.6%
32.4%
32.4%
27.7%
27.7%
6.3%
6.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.4%
44.4%
4.9%
4.9%
9.5%
9.5%
40.4%
40.4%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
19.7%
19.7%
33.7%
33.7%
28.0%
28.0%
10.4%
10.4%
3.3%
3.3%
0% 100.0%
% of Homes