Greenville, NC—27858
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greenville, NC
Home Price Trends — Greenville, NC
As of Oct '25, the median home price in Greenville, NC is $259,000, with a year-over-year change of 1.9%. This indicates that home prices in Greenville, NC are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $259,000 | 1.9% |
| Single Family | $288,000 | 2.5% |
| Condos | $164,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $159,000 | 1.3% |
3 Bed | $253,000 | 2.0% |
4 Bed | $394,000 | 3.7% |
| 5 Bed | $505,000 | 3.7% |
% of Housing Stock
Rental Trends — Greenville, NC
As of July '25, Rentcast reports the average rent in Greenville, NC is $1,420, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Greenville, NC is studios: $599, 1-bedrooms: $781, 2-bedrooms: $1,210, 3-bedrooms: $1,680, 4-bedrooms: $2,110. The most common rental property sizes in Greenville, NC are 2-bedroom and 3-bedroom, accounting for 41.1% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,420 |
| Studio Rent | $599 | $599 |
| 1 Bed Rent | $725 | $781 |
| 2 Bed Rent | $1,200 | $1,210 |
| 3 Bed Rent | $1,600 | $1,680 |
| 4 Bed Rent | $2,050 | $2,110 |
% of Rental Stock
Property Listings — Greenville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenville, NC is 58. This is a increase of 29.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 0.0% |
Listing Count | 184 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 58 | 29.0% |
Demographics — Greenville, NC
As of the latest ACS Survey released in 2023, Greenville, NC has a population of 56,300, which has decreased by -5.7% over the past 5 years. Greenville, NC is a moderately popular place for families, as children make up 15.5% of the population. The area has a highly educated workforce, with 45.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,300 | -5.7% |
% Under 18 | 15.5% | 5.4% |
% Seniors | 11.1% | 5.7% |
% WFH | 13.0% | 195.5% |
% w/ College Degree | 45.7% | 4.3% |
As of the latest ACS Survey released in 2023, Greenville, NC is a predominantly white area, with 66.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Greenville, NC is black, making up 20.5% of the population. Foreign-born residents account for 4.9% of the population in Greenville, NC, and this percentage has increased by 6.5% 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 | 66.9% | -7.1% |
% Black | 20.5% | 17.8% |
% Hispanic | 6.4% | 18.5% |
% Asian | 1.9% | -5.0% |
% Foreign Born | 4.9% | 6.5% |
Mortgage and Risk — Greenville, NC
According to HUD data as of 2023, there were 1016 mortgage originations in Greenville, NC, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, NC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,016 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Greenville, NC
As of 2024, the percent of homes in Greenville, NC under the Section 8 program is 3.0%. 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, NC, 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 | 410 |
Total Units Section 8 | 370 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 76.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $725 | $940 |
| 2 Bedroom | -$40 | $1,200 | $1,160 |
| 3 Bedroom | -$30 | $1,600 | $1,570 |
| 4 Bedroom | -$100 | $2,050 | $1,950 |
Affordability — Greenville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $259,000 |
| Median Household Income | $60,900 |