Greenville, SC—29617
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 $259,000, 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 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 1.4% |
| Single Family | $259,000 | 1.6% |
| Condos | $234,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | -1.1% |
3 Bed | $263,000 | 1.5% |
4 Bed | $405,000 | 4.4% |
| 5 Bed | $538,000 | 5.1% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $1,680, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Greenville, SC is 1-bedrooms: $982, 2-bedrooms: $1,180, 3-bedrooms: $1,880, 4-bedrooms: $2,580. The most common rental property sizes in Greenville, SC are 2-bedroom and 3-bedroom, accounting for 51.0% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $982 |
| 2 Bed Rent | $1,150 | $1,180 |
| 3 Bed Rent | $1,850 | $1,880 |
| 4 Bed Rent | $2,300 | $2,580 |
% 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 9.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | -15.0% |
Listing Count | 122 | 50.0% |
| Listings as % of Homes | 0.7% | 50.0% |
Days on Market | 50 | 9.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 26,800, which has decreased by -5.5% 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 moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | -5.5% |
% Under 18 | 20.4% | -10.5% |
% Seniors | 21.2% | 25.4% |
% WFH | 10.9% | 319.2% |
% w/ College Degree | 27.1% | 40.4% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 55.8% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Greenville, SC is hispanic, making up 27.6% of the population. Foreign-born residents account for 16.9% of the population in Greenville, SC, and this percentage has increased by 8.3% 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 | 55.8% | -6.2% |
% Black | 13.1% | -10.9% |
% Hispanic | 27.6% | 21.6% |
% Asian | 1.1% | -21.4% |
% Foreign Born | 16.9% | 8.3% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 606 mortgage originations in Greenville, SC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 606 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 9.6%. 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 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 | 369 |
Total Units Section 8 | 365 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $895 | $1,040 |
| 2 Bedroom | $0 | $1,150 | $1,150 |
| 3 Bedroom | -$440 | $1,850 | $1,410 |
| 4 Bedroom | -$620 | $2,300 | $1,680 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $259,000 |
| Median Household Income | $54,100 |