Greenville, SC—29607
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 $369,000, with a year-over-year change of 1.4%. This indicates that home prices in Greenville, SC are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 1.4% |
| Single Family | $369,000 | 1.7% |
| Condos | $412,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 0.0% |
3 Bed | $345,000 | 1.8% |
4 Bed | $475,000 | 3.3% |
| 5 Bed | $718,000 | 4.5% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $1,750, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Greenville, SC is studios: $1,880, 1-bedrooms: $1,220, 2-bedrooms: $1,390, 3-bedrooms: $2,010, 4-bedrooms: $2,390. The most common rental property sizes in Greenville, SC are 2-bedroom and 1-bedroom, accounting for 41.9% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,730 | $1,750 |
| Studio Rent | $1,950 | $1,880 |
| 1 Bed Rent | $1,240 | $1,220 |
| 2 Bed Rent | $1,300 | $1,390 |
| 3 Bed Rent | $1,940 | $2,010 |
| 4 Bed Rent | $2,300 | $2,390 |
% 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 50. This is a increase of 43.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | 6.0% |
Listing Count | 269 | 35.0% |
| Listings as % of Homes | 0.8% | 35.0% |
Days on Market | 50 | 43.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 43,300, which has increased by 5.8% over the past 5 years. Greenville, SC is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,300 | 5.8% |
% Under 18 | 19.7% | -8.4% |
% Seniors | 15.1% | 21.8% |
% WFH | 13.1% | 274.3% |
% w/ College Degree | 49.8% | 12.4% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 61.4% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Greenville, SC is black, making up 26.5% of the population. Foreign-born residents account for 8.1% of the population in Greenville, SC, and this percentage has increased by 6.6% 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 | 61.4% | 1.7% |
% Black | 26.5% | -5.7% |
% Hispanic | 5.8% | 9.4% |
% Asian | 3.9% | -20.4% |
% Foreign Born | 8.1% | 6.6% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 1082 mortgage originations in Greenville, SC, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, SC. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,082 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 10.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Greenville, SC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,269 |
Total Units Section 8 | 1,205 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,240 | $1,360 |
| 2 Bedroom | $210 | $1,300 | $1,510 |
| 3 Bedroom | -$90 | $1,940 | $1,850 |
| 4 Bedroom | -$90 | $2,300 | $2,210 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $369,000 |
| Median Household Income | $69,200 |