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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 70,635, 29,942 total housing units (homes and apartments), and a median house value of $308,412, 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 47.77% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 37.09%), duplexes, homes converted to apartments or other small apartment buildings ( 9.33%), and a few row houses and other attached homes ( 5.14%).

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 ( 31.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.98%). There's also some housing in Greenville built before 1939 ( 8.18%).

Vacant housing appears to be an issue in Greenville. Fully 11.18% 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 84.22% over the last ten years, which is an average annual home appreciation rate of 6.30%, 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.

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 7.44%, 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 2.72%, which equates to an annual appreciation rate of 11.33%.

Relative to South Carolina, our data show that Greenville's latest annual appreciation rate is lower than 70% 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:
$308,412

Greenville, SC HOME PRICES

> $1,321,000
2.4%
2.4%
$991,001 - $1,321,000
4.3%
4.3%
$661,001 - $991,000
10.3%
10.3%
$528,001 - $661,000
7.5%
7.5%
$396,001 - $528,000
11.5%
11.5%
$264,001 - $396,000
21.3%
21.3%
$132,001 - $264,000
27.1%
27.1%
$66,001 - $132,000
12.4%
12.4%
$0 - $66,000
3.2%
3.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
29,942

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
139.96% 4.16%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,386 / per month

Homeownership Rate

Owners
41.4%
41.4%
Renters
58.6%
58.6%
Vacant
11.2%
11.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
26.0%
26.0%
1970 - 1999
34.1%
34.1%
1940 - 1969
31.8%
31.8%
1939 or Older
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.8%
47.8%
Townhomes
5.1%
5.1%
Small Apt. Buildings
9.3%
9.3%
Apt. Complexes
37.1%
37.1%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.3%
4.3%
1 Bedroom
16.9%
16.9%
2 Bedrooms
35.5%
35.5%
3 Bedrooms
30.4%
30.4%
4 Bedrooms
9.5%
9.5%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES