Greenwood, SC—29649
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greenwood, SC
Home Price Trends — Greenwood, SC
As of Oct '25, the median home price in Greenwood, SC is $225,000, with a year-over-year change of 0.4%. This indicates that home prices in Greenwood, SC are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $225,000 | 0.4% |
| Single Family | $228,000 | 0.9% |
| Condos | $157,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 0.7% |
3 Bed | $244,000 | 2.1% |
4 Bed | $347,000 | 2.4% |
| 5 Bed | $459,000 | 2.2% |
% of Housing Stock
Rental Trends — Greenwood, SC
As of July '25, Rentcast reports the average rent in Greenwood, SC is $1,600, with a year-over-year rent change of 7.4%. Per bedroom, the median rent as of July '25 in Greenwood, SC is 1-bedrooms: $1,150, 2-bedrooms: $1,530, 3-bedrooms: $1,480, 4-bedrooms: $2,700. The most common rental property sizes in Greenwood, SC are 2-bedroom and 3-bedroom, accounting for 50.5% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $970 | $1,150 |
| 2 Bed Rent | $1,200 | $1,530 |
| 3 Bed Rent | $1,100 | $1,480 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Greenwood, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwood, SC is 73. This is a increase of 23.0% 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 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 | $340,000 | 5.0% |
Listing Count | 183 | 28.0% |
| Listings as % of Homes | 0.9% | 28.0% |
Days on Market | 73 | 23.0% |
Demographics — Greenwood, SC
As of the latest ACS Survey released in 2023, Greenwood, SC has a population of 25,800, which has decreased by -3.1% over the past 5 years. Greenwood, SC is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,800 | -3.1% |
% Under 18 | 18.3% | -12.0% |
% Seniors | 17.3% | -5.5% |
% WFH | 5.1% | 96.2% |
% w/ College Degree | 34.6% | 1.5% |
As of the latest ACS Survey released in 2023, Greenwood, SC is a predominantly white area, with 65.4% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Greenwood, SC is black, making up 25.3% of the population. Foreign-born residents account for 3.6% of the population in Greenwood, SC, and this percentage has increased by 2.9% 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 | 65.4% | 0.5% |
% Black | 25.3% | -6.3% |
% Hispanic | 3.7% | 27.6% |
% Asian | 2.2% | 4.8% |
% Foreign Born | 3.6% | 2.9% |
Mortgage and Risk — Greenwood, SC
According to HUD data as of 2023, there were 444 mortgage originations in Greenwood, SC, of which 65.0% 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 Greenwood, SC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 444 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Greenwood, SC
Greenwood, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 391 |
Total Units Section 8 | 324 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $970 | $820 |
| 2 Bedroom | -$170 | $1,200 | $1,030 |
| 3 Bedroom | $150 | $1,100 | $1,250 |
| 4 Bedroom | -$1,300 | $2,700 | $1,400 |
Affordability — Greenwood, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $225,000 |
| Median Household Income | $56,300 |