Greenville SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Greenville, SC 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 68,219, 28,013 total housing units (homes and apartments), and a median house value of $275,787, 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 47.50% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 35.55%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%), and a few row houses and other attached homes ( 4.85%).

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.

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 1940-1969 ( 33.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.17%). There's also some housing in Greenville built before 1939 ( 9.96%).

Vacant housing appears to be an issue in Greenville. Fully 12.17% 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

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 53.28% over the last ten years, which is an average annual home appreciation rate of 4.36%, putting Greenville in the top 10% 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 4.76%, which is higher than appreciation rates in 70.59% 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 1.32%, which equates to an annual appreciation rate of 5.38%.

Relative to South Carolina, our data show that Greenville's latest annual appreciation rate is lower 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:
$275,787

Greenville, SC HOME PRICES

Value Range
> $1,294,000 1.5
$970,001 - $1,294,000 3.7
$647,001 - $970,000 8.1
$518,001 - $647,000 6.9
$388,001 - $518,000 10.3
$259,001 - $388,000 17.1
$129,001 - $259,000 30.0
$65,001 - $129,000 17.1
$0 - $65,000 5.3

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
22.7211678832117 9.62962962962963

Number Of Homes And Apartments:
28,013

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
107.67% 3.82%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,171 / per month

Homeownership Rate

Homeownership
Owners 39.86
Renters 60.14
Vacant 12.17

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 19.2
1970 - 1999 37.4
1940 - 1969 33.4
1939 or Older 10.0

Types of Homes

TYPE OF Greenville HOMES
Single-Family 47.5
Townhomes 4.8
Small Apt. Buildings 11.3
Apt. Complexes 35.5
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 3.57
1 Bedroom 16.45
2 Bedrooms 36.26
3 Bedrooms 29.94
4 Bedrooms 10.45
5 or more bedrooms 3.34