Greer, SC—29651
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greer, SC
Home Price Trends — Greer, SC
As of Oct '25, the median home price in Greer, SC is $333,000, with a year-over-year change of 1.3%. This indicates that home prices in Greer, SC are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 1.3% |
| Single Family | $333,000 | 1.2% |
| Condos | $278,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $171,000 | 0.6% |
2 Bed | $190,000 | 1.1% |
3 Bed | $305,000 | 1.7% |
4 Bed | $446,000 | 2.1% |
| 5 Bed | $577,000 | 1.2% |
% of Housing Stock
Rental Trends — Greer, SC
As of July '25, Rentcast reports the average rent in Greer, SC is $2,010, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Greer, SC is studios: $500, 1-bedrooms: $1,520, 2-bedrooms: $1,270, 3-bedrooms: $1,940, 4-bedrooms: $2,470. The most common rental property sizes in Greer, SC are 2-bedroom and 3-bedroom, accounting for 42.9% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,010 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $1,320 | $1,520 |
| 2 Bed Rent | $1,200 | $1,270 |
| 3 Bed Rent | $1,980 | $1,940 |
| 4 Bed Rent | $2,500 | $2,470 |
% of Rental Stock
Property Listings — Greer, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Greer, SC is 60. 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 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 | $400,000 | 5.0% |
Listing Count | 286 | -8.0% |
| Listings as % of Homes | 1.0% | -8.0% |
Days on Market | 60 | 2.0% |
Demographics — Greer, SC
As of the latest ACS Survey released in 2023, Greer, SC has a population of 54,300, which has increased by 14.4% over the past 5 years. Greer, SC is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,300 | 14.4% |
% Under 18 | 24.9% | 2.0% |
% Seniors | 17.6% | 12.8% |
% WFH | 11.3% | 162.8% |
% w/ College Degree | 34.1% | 23.1% |
As of the latest ACS Survey released in 2023, Greer, SC is a predominantly white area, with 72.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Greer, SC is hispanic, making up 11.1% of the population. Foreign-born residents account for 7.3% of the population in Greer, SC, and this percentage has increased by 1.4% 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 | 72.5% | -6.3% |
% Black | 11.0% | 18.3% |
% Hispanic | 11.1% | 19.4% |
% Asian | 1.5% | -28.6% |
% Foreign Born | 7.3% | 1.4% |
Mortgage and Risk — Greer, SC
According to HUD data as of 2023, there were 1329 mortgage originations in Greer, SC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Greer, SC. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,329 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Greer, SC
As of 2024, the percent of homes in Greer, SC under the Section 8 program is 6.4%. 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. In Greer, SC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 450 |
Total Units Section 8 | 227 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,320 | $1,070 |
| 2 Bedroom | -$20 | $1,200 | $1,180 |
| 3 Bedroom | -$530 | $1,980 | $1,450 |
| 4 Bedroom | -$830 | $2,500 | $1,670 |
Affordability — Greer, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $333,000 |
| Median Household Income | $80,700 |