Greenville TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 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 28,263, 9,576 total housing units (homes and apartments), and a median house value of $121,478, 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 67.45% of the city's housing units. Other types of housing that are prevalent in Greenville include large apartment complexes or high rise apartments ( 22.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.64%), and a few mobile homes or trailers ( 1.95%).

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 53.58% owning and 46.42% 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 ( 35.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.63%). There's also some housing in Greenville built before 1939 ( 6.36%).

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 75.44% over the last ten years, which is an average annual home appreciation rate of 5.78%, 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.

NeighborhoodScout's data show that during the latest twelve months, Greenville's appreciation rate, at 3.73%, has been at or slightly above the national average. In the latest quarter, Greenville's appreciation rate has been 2.10%, which annualizes to a rate of 8.67%.

Relative to Texas, our data show that Greenville's latest annual appreciation rate is lower than 70% 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:
$121,478

Greenville, TX HOME PRICES

Value Range
> $1,460,000 0.0
$1,095,001 - $1,460,000 0.6
$730,001 - $1,095,000 0.6
$584,001 - $730,000 0.4
$438,001 - $584,000 1.4
$292,001 - $438,000 5.8
$146,001 - $292,000 31.3
$73,001 - $146,000 32.7
$0 - $73,000 27.3

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
72.5605839416058 61.6876818622696

Number Of Homes And Apartments:
9,576

Greenville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
96.24% 3.47%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,128 / per month

Homeownership Rate

Homeownership
Owners 53.58
Renters 46.42
Vacant 8.80

Housing Market Details

 

Age of Homes

AGE OF Greenville HOMES
2000 or Newer 11.6
1970 - 1999 46.6
1940 - 1969 35.4
1939 or Older 6.4

Types of Homes

TYPE OF Greenville HOMES
Single-Family 67.4
Townhomes 0.5
Small Apt. Buildings 7.6
Apt. Complexes 22.4
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Greenville HOMES
No Bedroom 1.94
1 Bedroom 10.78
2 Bedrooms 29.88
3 Bedrooms 44.60
4 Bedrooms 11.01
5 or more bedrooms 1.79