Greenville, SC—29601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenville, SC
As of Oct '25, the median home price in Greenville, SC is $544,000, with a year-over-year change of 0.3%. This indicates that home prices in Greenville, SC are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $544,000 | 0.3% |
| Single Family | $503,000 | -1.9% |
| Condos | $735,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $364,000 | 5.2% |
2 Bed | $466,000 | 2.2% |
3 Bed | $604,000 | 3.2% |
4 Bed | $1,015,000 | 4.7% |
| 5 Bed | $1,556,000 | 7.8% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $2,070, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Greenville, SC is studios: $1,730, 1-bedrooms: $1,660, 2-bedrooms: $2,060, 3-bedrooms: $2,800, 4-bedrooms: $3,500. The most common rental property sizes in Greenville, SC are 1-bedroom and 2-bedroom, accounting for 39.9% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,070 |
| Studio Rent | $1,640 | $1,730 |
| 1 Bed Rent | $1,500 | $1,660 |
| 2 Bed Rent | $1,800 | $2,060 |
| 3 Bed Rent | $2,350 | $2,800 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Greenville, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenville, SC is 60. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $604,000 | -9.0% |
Listing Count | 115 | -22.0% |
| Listings as % of Homes | 1.5% | -22.0% |
Days on Market | 60 | 10.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 13,500, which has increased by 13.0% over the past 5 years. Greenville, SC is a less popular place for families, as children make up 10.0% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,500 | 13.0% |
% Under 18 | 10.0% | -28.6% |
% Seniors | 17.0% | 15.6% |
% WFH | 17.7% | 342.5% |
% w/ College Degree | 52.0% | 19.0% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 65.9% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Greenville, SC is black, making up 22.9% of the population. Foreign-born residents account for 7.3% of the population in Greenville, SC, and this percentage has increased by 5.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.9% | 7.3% |
% Black | 22.9% | -26.1% |
% Hispanic | 6.4% | 23.1% |
% Asian | 1.5% | 275.0% |
% Foreign Born | 7.3% | 5.8% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 288 mortgage originations in Greenville, SC, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Greenville, SC. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 288 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 15.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Greenville, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 808 |
Total Units Section 8 | 783 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,500 | $1,580 |
| 2 Bedroom | -$50 | $1,800 | $1,750 |
| 3 Bedroom | -$210 | $2,350 | $2,140 |
| 4 Bedroom | -$940 | $3,500 | $2,560 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $544,000 |
| Median Household Income | $73,300 |