Greenville, SC—29609
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 $342,000, with a year-over-year change of 1.9%. This indicates that home prices in Greenville, SC are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 1.9% |
| Single Family | $342,000 | 2.1% |
| Condos | $351,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | 3.0% |
2 Bed | $219,000 | 2.3% |
3 Bed | $357,000 | 3.5% |
4 Bed | $580,000 | 4.5% |
| 5 Bed | $915,000 | 5.3% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $1,500, with a year-over-year rent change of -13.3%. Per bedroom, the median rent as of July '25 in Greenville, SC is studios: $1,330, 1-bedrooms: $967, 2-bedrooms: $1,240, 3-bedrooms: $2,020, 4-bedrooms: $2,980. The most common rental property sizes in Greenville, SC are 2-bedroom and 1-bedroom, accounting for 46.4% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,500 |
| Studio Rent | $1,330 | $1,330 |
| 1 Bed Rent | $920 | $967 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,950 | $2,020 |
| 4 Bed Rent | $3,000 | $2,980 |
% 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 20.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $480,000 | 5.0% |
Listing Count | 165 | 71.0% |
| Listings as % of Homes | 0.5% | 71.0% |
Days on Market | 60 | 20.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 31,100, which has increased by 6.5% over the past 5 years. Greenville, SC is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 47.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | 6.5% |
% Under 18 | 20.4% | -12.1% |
% Seniors | 18.0% | 25.9% |
% WFH | 13.4% | 131.0% |
% w/ College Degree | 47.0% | 25.3% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 69.7% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Greenville, SC is black, making up 12.1% of the population. Foreign-born residents account for 8.9% of the population in Greenville, SC, and this percentage has increased by 3.5% 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 | 69.7% | 0.4% |
% Black | 12.1% | -28.4% |
% Hispanic | 11.6% | 20.8% |
% Asian | 2.4% | 20.0% |
% Foreign Born | 8.9% | 3.5% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 534 mortgage originations in Greenville, SC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 534 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 13.4%. 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 | 695 |
Total Units Section 8 | 628 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $920 | $1,090 |
| 2 Bedroom | $10 | $1,200 | $1,210 |
| 3 Bedroom | -$470 | $1,950 | $1,480 |
| 4 Bedroom | -$1,230 | $3,000 | $1,770 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $342,000 |
| Median Household Income | $64,800 |