Greenville, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenville Neighborhoods Since 2000




Greenville, TX 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 26,515 people, 9,494 houses or apartments, and a median cost of homes of $116,060, house prices in Greenville are solidly below the national average.

Single-family detached homes are the single most common housing type in Greenville, accounting for 65.15% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 25.26%), duplexes, homes converted to apartments or other small apartment buildings ( 7.11%), and a few mobile homes or trailers ( 1.73%).

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 52.74% owning and 47.26% 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 between 1940-1969 ( 36.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.51%). There's also some housing in Greenville built before 1939 ( 4.76%).

Vacant housing appears to be an issue in Greenville. Fully 13.79% 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 32.68% over the last ten years, which is an average annual home appreciation rate of 2.87%, 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 15.04%, which is higher than appreciation rates in 99.37% 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 2.35%, which equates to an annual appreciation rate of 9.75%.

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

Relative to Texas, our data show that Greenville's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

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:
$116,060

Greenville, TX HOME PRICES

Value Range
> $1,358,000 0.1
$1,018,001 - $1,358,000 0.2
$679,001 - $1,018,000 0.4
$543,001 - $679,000 0.4
$407,001 - $543,000 1.9
$271,001 - $407,000 4.3
$136,001 - $271,000 27.3
$68,001 - $136,000 35.2
$0 - $68,000 30.3

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
67.6842845423649 51.7509727626459

Number Of Homes And Apartments:
9,494

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
56.81% 2.64% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$968 / per month

Homeownership Rate

Homeownership
Owners 52.74
Renters 47.26
Vacant 13.79

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 10.5
1970 - 1999 48.5
1940 - 1969 36.3
1939 or Older 4.8

Types of Homes

TYPE OF Greenville HOMES
Single-Family 65.2
Townhomes 0.8
Small Apt. Buildings 7.1
Apt. Complexes 25.3
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 6.13
1 Bedroom 10.13
2 Bedrooms 30.16
3 Bedrooms 44.45
4 Bedrooms 7.59
5 or more bedrooms 1.53