Greenville, MS—38701
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greenville, MS
Home Price Trends — Greenville, MS
As of Oct '25, the median home price in Greenville, MS is $52,000, with a year-over-year change of -28.2%. This indicates that home prices in Greenville, MS are decreasing. According to Zillow, the 1-year price projection is -13.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $52,000 | -28.2% |
| Single Family | $52,000 | -27.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenville, MS
As of July '25, Rentcast reports the average rent in Greenville, MS is $821, with a year-over-year rent change of 21.8%. Per bedroom, the median rent as of July '25 in Greenville, MS is 1-bedrooms: $869, 2-bedrooms: $773. The most common rental property sizes in Greenville, MS are 3-bedroom and 2-bedroom, accounting for 37.0% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $821 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $899 | $869 |
| 2 Bed Rent | $850 | $773 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenville, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenville, MS is 63. This is a increase of 2.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $178,000 | 19.0% |
Listing Count | 79 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 63 | 2.0% |
Demographics — Greenville, MS
As of the latest ACS Survey released in 2023, Greenville, MS has a population of 21,300, which has decreased by -4.7% over the past 5 years. Greenville, MS is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,300 | -4.7% |
% Under 18 | 26.6% | 0.8% |
% Seniors | 17.5% | 21.5% |
% WFH | 3.5% | 191.7% |
% w/ College Degree | 22.4% | 11.4% |
As of the latest ACS Survey released in 2023, Greenville, MS is a predominantly black area, with 73.0% of the population identifying as black. The black population has grown by 7.4% in the last 5 years. The second most common race or ethnicity in Greenville, MS is white, making up 24.3% of the population. Foreign-born residents account for 1.1% of the population in Greenville, MS, and this percentage has increased by 10.0% 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 | 24.3% | -17.9% |
% Black | 73.0% | 7.4% |
% Hispanic | 0.7% | -41.7% |
% Asian | 1.6% | 166.7% |
% Foreign Born | 1.1% | 10.0% |
Mortgage and Risk — Greenville, MS
According to HUD data as of 2023, there were 187 mortgage originations in Greenville, MS, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, MS. Investor activity is low, as 9.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Greenville, MS
Greenville, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 736 |
Total Units Section 8 | 724 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$89 | $899 | $810 |
| 2 Bedroom | $80 | $850 | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Greenville, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $52,000 |
| Median Household Income | $37,000 |