Greenville, MS—38703
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greenville, MS
Home Price Trends — Greenville, MS
As of Oct '25, the median home price in Greenville, MS is $42,000, with a year-over-year change of -23.4%. This indicates that home prices in Greenville, MS are decreasing. According to Zillow, the 1-year price projection is -12.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $42,000 | -23.4% |
| Single Family | $42,000 | -22.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenville, MS
As of July '25, Rentcast reports the average rent in Greenville, MS is $1,030, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in Greenville, MS is 2-bedrooms: $1,120, 3-bedrooms: $1,000. The most common rental property sizes in Greenville, MS are 3-bedroom and 2-bedroom, accounting for 59.0% and 17.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,120 | $1,120 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenville, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenville, MS is 49. This is a decrease of -51.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $75,000 | -6.0% |
Listing Count | 39 | 63.0% |
| Listings as % of Homes | 0.3% | 63.0% |
Days on Market | 49 | -51.0% |
Demographics — Greenville, MS
As of the latest ACS Survey released in 2023, Greenville, MS has a population of 11,200, which has decreased by -13.3% over the past 5 years. Greenville, MS is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | -13.3% |
% Under 18 | 22.9% | -12.6% |
% Seniors | 18.9% | 16.7% |
% WFH | 3.4% | 240.0% |
% w/ College Degree | 16.1% | -10.6% |
As of the latest ACS Survey released in 2023, Greenville, MS is a predominantly black area, with 79.3% of the population identifying as black. The black population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Greenville, MS is white, making up 17.0% of the population. Foreign-born residents account for 0.0% of the population in Greenville, MS, and this percentage has decreased by 100.0% 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 | 17.0% | 39.3% |
% Black | 79.3% | -7.9% |
% Hispanic | 0.7% | 250.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Greenville, MS
According to HUD data as of 2023, there were 53 mortgage originations in Greenville, MS, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Greenville, MS. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 53 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 8.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Greenville, MS
Greenville, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 332 |
Total Units Section 8 | 331 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | -$40 | $1,120 | $1,080 |
| 3 Bedroom | $510 | $1,000 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Greenville, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $42,000 |
| Median Household Income | $40,600 |