Greenville, South Carolina Housing Market Prices
Greenville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% above the South Carolina median$288,615
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Median rent 10% above the South Carolina median$1,293
Housing Market Overview
| Metric | Greenville | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $288,615 | $239,609 | $248,835 |
| Price Trend (Annual %) | 7.6% | 8.9% | 7.5% |
| Median Gross Rent | $1,293 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greenville is about 20% higher than in South Carolina. Rent is about 10% higher than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greenville, up about 7.6% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Greenville rose about 64.5% between 2015 and 2024, from $786 to $1,293. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Greenville.
Buying the median-priced home in Greenville costs roughly 18.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greenville. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Greenville | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $288,615 | $239,609 | $248,835 |
| Median Household Income | $73,685 | $69,383 | $80,455 |
| Price-to-Income Ratio | 3.9 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greenville rose about 55.7%, while median household income rose about 79.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Greenville | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.0% | 62.3% | 58.5% |
| Rental Rate | 49.0% | 24.4% | 31.2% |
| Vacancy Rate | 9.0% | 13.3% | 10.2% |
| Median Tenure (years) | 9.0 | 15.0 | 15.0 |
| Median Year Moved In | 2017 | 2011 | 2011 |
Greenville has a homeownership rate of 42.0%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 9.0%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Greenville | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.02 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 4.9 | 5.7 | 5.5 |
The typical housing unit in Greenville was built around 1983. On average, 2.0 people live in a home with about 4.9 rooms, staying for about 9.0 years on average.
Greenville, SC Housing Compared With Nearby Cities
How Greenville, SC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greenville, SC | 73,880 | $288,615 #2/2 | $1,293 #1/2 | 46.1% #2/2 |
| Wade Hampton, SC | 22,508 | $341,567 | $1,156 | 62.9% |
Frequently Asked Questions
Common questions about the housing market in Greenville, South Carolina.
What is the median home price in Greenville, South Carolina?
The median home price in Greenville, South Carolina is $288,615, higher than the South Carolina average of $239,609.
What is the average home price in Greenville, South Carolina?
The typical home price in Greenville, South Carolina, reported as the median sale price, is $288,615. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Greenville, South Carolina?
The median gross rent in Greenville, South Carolina is $1,293 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Greenville in 2020?
In 2020, the median gross rent in Greenville, South Carolina was $1,007 per month.
What is the price-to-rent ratio in Greenville, South Carolina?
The price-to-rent ratio in Greenville, South Carolina is about 18.6, meaning it would take roughly 18.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greenville.
Are home prices or rent rising faster in Greenville, South Carolina?
Both home prices and rent are rising in Greenville, up about 7.6% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greenville, South Carolina?
42.0% of households in Greenville, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Greenville, South Carolina?
The housing vacancy rate in Greenville, South Carolina is 9.0%, lower than the South Carolina average of 13.3%.
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