Greenville, IL—62246
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenville, IL
As of Oct '25, the median home price in Greenville, IL is $162,000, with a year-over-year change of 0.3%. This indicates that home prices in Greenville, IL are flat. 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 | $162,000 | 0.3% |
| Single Family | $163,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $105,000 | 2.9% |
3 Bed | $177,000 | 2.3% |
4 Bed | $251,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenville, IL
As of July '25, Rentcast reports the average rent in Greenville, IL is $880, with a year-over-year rent change of 120.0%. Per bedroom, the median rent as of July '25 in Greenville, IL is 4-bedrooms: $880. The most common rental property sizes in Greenville, IL are 1-bedroom and 3-bedroom, accounting for 34.6% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $880 | $880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $880 | $880 |
% of Rental Stock
Property Listings — Greenville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenville, IL is 49. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $238,000 | -27.0% |
Listing Count | 30 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 49 | -29.0% |
Demographics — Greenville, IL
As of the latest ACS Survey released in 2023, Greenville, IL has a population of 9,950, which has remained stable by 0.3% over the past 5 years. Greenville, IL is a moderately popular place for families, as children make up 15.3% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,950 | 0.3% |
% Under 18 | 15.3% | -11.0% |
% Seniors | 17.8% | 2.9% |
% WFH | 8.8% | 72.5% |
% w/ College Degree | 26.5% | 0.8% |
As of the latest ACS Survey released in 2023, Greenville, IL is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Greenville, IL is black, making up 11.1% of the population. Foreign-born residents account for 2.8% of the population in Greenville, IL, and this percentage has decreased by 24.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.2% | -1.6% |
% Black | 11.1% | 14.4% |
% Hispanic | 5.8% | 28.9% |
% Asian | 0.7% | -61.1% |
% Foreign Born | 2.8% | -24.3% |
Mortgage and Risk — Greenville, IL
According to HUD data as of 2023, there were 151 mortgage originations in Greenville, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, IL. Investor activity is low, as 13.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 151 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 13.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Greenville, IL
Greenville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 78.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | $760 | $880 | $1,640 |
Affordability — Greenville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $162,000 |
| Median Household Income | $61,700 |