Greenwood, SC—29646
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 $139,000, with a year-over-year change of -4.6%. This indicates that home prices in Greenwood, SC are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $139,000 | -4.6% |
| Single Family | $139,000 | -4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $107,000 | -4.5% |
3 Bed | $180,000 | 0.0% |
4 Bed | $293,000 | 4.6% |
| 5 Bed | $388,000 | 4.6% |
% of Housing Stock
Rental Trends — Greenwood, SC
As of July '25, Rentcast reports the average rent in Greenwood, SC is $1,020, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Greenwood, SC is 1-bedrooms: $782, 2-bedrooms: $845, 3-bedrooms: $1,240. The most common rental property sizes in Greenwood, SC are 2-bedroom and 3-bedroom, accounting for 42.7% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $745 | $782 |
| 2 Bed Rent | $850 | $845 |
| 3 Bed Rent | $995 | $1,240 |
| 4 Bed Rent | N/A | N/A |
% 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 55. This is a decrease of -7.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 3.0% |
Listing Count | 86 | 44.0% |
| Listings as % of Homes | 0.4% | 44.0% |
Days on Market | 55 | -7.0% |
Demographics — Greenwood, SC
As of the latest ACS Survey released in 2023, Greenwood, SC has a population of 28,400, which has remained stable by 0.8% over the past 5 years. Greenwood, SC is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,400 | 0.8% |
% Under 18 | 25.1% | -7.0% |
% Seniors | 18.4% | 10.2% |
% WFH | 2.9% | 11.5% |
% w/ College Degree | 19.9% | 14.4% |
As of the latest ACS Survey released in 2023, Greenwood, SC is a predominantly white area, with 44.3% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Greenwood, SC is black, making up 43.2% of the population. Foreign-born residents account for 4.8% of the population in Greenwood, SC, and this percentage has decreased by 30.4% 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 | 44.3% | -7.9% |
% Black | 43.2% | 4.9% |
% Hispanic | 10.2% | -6.4% |
% Asian | 0.2% | ∞% |
% Foreign Born | 4.8% | -30.4% |
Mortgage and Risk — Greenwood, SC
According to HUD data as of 2023, there were 245 mortgage originations in Greenwood, SC, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Greenwood, SC. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 245 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
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 | 1,129 |
Total Units Section 8 | 973 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $745 | $750 |
| 2 Bedroom | $90 | $850 | $940 |
| 3 Bedroom | $155 | $995 | $1,150 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — Greenwood, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $139,000 |
| Median Household Income | $41,700 |