Greenville, SC—29615
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 $429,000, with a year-over-year change of 3.4%. This indicates that home prices in Greenville, SC are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 3.4% |
| Single Family | $436,000 | 3.6% |
| Condos | $283,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | -0.4% |
3 Bed | $368,000 | 2.5% |
4 Bed | $555,000 | 4.9% |
| 5 Bed | $828,000 | 5.5% |
% of Housing Stock
Rental Trends — Greenville, SC
As of July '25, Rentcast reports the average rent in Greenville, SC is $1,360, with a year-over-year rent change of -20.0%. Per bedroom, the median rent as of July '25 in Greenville, SC is studios: $988, 1-bedrooms: $1,140, 2-bedrooms: $1,420, 3-bedrooms: $2,000, 4-bedrooms: $2,300. The most common rental property sizes in Greenville, SC are 2-bedroom and 1-bedroom, accounting for 45.9% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,360 |
| Studio Rent | $945 | $988 |
| 1 Bed Rent | $1,120 | $1,140 |
| 2 Bed Rent | $1,300 | $1,420 |
| 3 Bed Rent | $1,880 | $2,000 |
| 4 Bed Rent | $2,100 | $2,300 |
% 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 49. This is a decrease of -12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -1.0% |
Listing Count | 198 | 46.0% |
| Listings as % of Homes | 0.4% | 46.0% |
Days on Market | 49 | -12.0% |
Demographics — Greenville, SC
As of the latest ACS Survey released in 2023, Greenville, SC has a population of 38,700, which has increased by 2.7% over the past 5 years. Greenville, SC is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,700 | 2.7% |
% Under 18 | 19.5% | 4.3% |
% Seniors | 20.4% | 3.0% |
% WFH | 13.4% | 76.3% |
% w/ College Degree | 52.0% | 5.3% |
As of the latest ACS Survey released in 2023, Greenville, SC is a predominantly white area, with 75.0% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Greenville, SC is hispanic, making up 9.5% of the population. Foreign-born residents account for 10.7% of the population in Greenville, SC, and this percentage has decreased by 5.3% 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 | 75.0% | 0.7% |
% Black | 7.8% | -27.1% |
% Hispanic | 9.5% | 23.4% |
% Asian | 3.8% | -28.3% |
% Foreign Born | 10.7% | -5.3% |
Mortgage and Risk — Greenville, SC
According to HUD data as of 2023, there were 458 mortgage originations in Greenville, SC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Greenville, SC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 458 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Greenville, SC
As of 2024, the percent of homes in Greenville, SC under the Section 8 program is 0.6%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Greenville, SC, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 61 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,120 | $1,350 |
| 2 Bedroom | $200 | $1,300 | $1,500 |
| 3 Bedroom | -$40 | $1,880 | $1,840 |
| 4 Bedroom | $100 | $2,100 | $2,200 |
Affordability — Greenville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $429,000 |
| Median Household Income | $74,200 |