Greenville, SC—29605
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 $290,000, with a year-over-year change of 0.1%. This indicates that home prices in Greenville, SC are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 0.1% |
| Single Family | $289,000 | 0.3% |
| Condos | $364,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $199,000 | 0.0% |
2 Bed | $218,000 | 0.0% |
3 Bed | $270,000 | 1.5% |
4 Bed | $387,000 | 1.0% |
| 5 Bed | $750,000 | 6.1% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $1,850, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Greenville, SC is studios: $1,530, 1-bedrooms: $1,070, 2-bedrooms: $1,380, 3-bedrooms: $1,890, 4-bedrooms: $2,260. The most common rental property sizes in Greenville, SC are 2-bedroom and 3-bedroom, accounting for 38.6% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,850 |
| Studio Rent | $1,530 | $1,530 |
| 1 Bed Rent | $1,050 | $1,070 |
| 2 Bed Rent | $1,320 | $1,380 |
| 3 Bed Rent | $1,900 | $1,890 |
| 4 Bed Rent | $2,180 | $2,260 |
% 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 51. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | 5.0% |
Listing Count | 321 | 25.0% |
| Listings as % of Homes | 1.1% | 25.0% |
Days on Market | 51 | -12.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 40,200, which has increased by 8.2% over the past 5 years. Greenville, SC is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,200 | 8.2% |
% Under 18 | 26.5% | -1.5% |
% Seniors | 15.0% | 12.8% |
% WFH | 10.6% | 231.2% |
% w/ College Degree | 34.3% | 9.6% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 45.0% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Greenville, SC is black, making up 34.9% of the population. Foreign-born residents account for 8.9% of the population in Greenville, SC, and this percentage has increased by 64.8% 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 | 45.0% | -5.3% |
% Black | 34.9% | -13.2% |
% Hispanic | 17.2% | 100.0% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 8.9% | 64.8% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 1298 mortgage originations in Greenville, SC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, SC. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,298 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 19.9%. 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 | 965 |
Total Units Section 8 | 962 |
% Rentals under Section 8 | 19.9% |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,050 | $1,100 |
| 2 Bedroom | -$100 | $1,320 | $1,220 |
| 3 Bedroom | -$410 | $1,900 | $1,490 |
| 4 Bedroom | -$390 | $2,180 | $1,790 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $290,000 |
| Median Household Income | $63,700 |