Greenville, SC—29611
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 $200,000, with a year-over-year change of -2.8%. This indicates that home prices in Greenville, SC are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $200,000 | -2.8% |
| Single Family | $200,000 | -2.0% |
| Condos | $222,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $133,000 | -6.3% |
2 Bed | $163,000 | -4.7% |
3 Bed | $230,000 | 0.9% |
4 Bed | $309,000 | 2.0% |
| 5 Bed | $422,000 | 1.2% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $1,440, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Greenville, SC is 1-bedrooms: $963, 2-bedrooms: $1,270, 3-bedrooms: $1,730, 4-bedrooms: $2,350. The most common rental property sizes in Greenville, SC are 2-bedroom and 3-bedroom, accounting for 41.6% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $945 | $963 |
| 2 Bed Rent | $1,180 | $1,270 |
| 3 Bed Rent | $1,700 | $1,730 |
| 4 Bed Rent | $2,400 | $2,350 |
% 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 71. This is a increase of 33.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $321,000 | 6.0% |
Listing Count | 175 | 46.0% |
| Listings as % of Homes | 0.4% | 46.0% |
Days on Market | 71 | 33.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 33,400, which has increased by 10.3% over the past 5 years. Greenville, SC is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 10.3% |
% Under 18 | 27.0% | 8.0% |
% Seniors | 10.5% | -28.1% |
% WFH | 8.4% | 394.1% |
% w/ College Degree | 18.6% | 43.1% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 41.0% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Greenville, SC is black, making up 29.8% of the population. Foreign-born residents account for 12.1% of the population in Greenville, SC, and this percentage has increased by 15.2% 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 | 41.0% | -13.7% |
% Black | 29.8% | -2.6% |
% Hispanic | 22.0% | 11.7% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 12.1% | 15.2% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 305 mortgage originations in Greenville, SC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, SC. Investor activity is low, as 11.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 305 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 11.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 9.5%. 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 | 582 |
Total Units Section 8 | 578 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $945 | $1,070 |
| 2 Bedroom | $10 | $1,180 | $1,190 |
| 3 Bedroom | -$240 | $1,700 | $1,460 |
| 4 Bedroom | -$640 | $2,400 | $1,760 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $200,000 |
| Median Household Income | $47,000 |