Greer, South Carolina Housing Market Prices
Greer 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 5% below the South Carolina median$228,090
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Median rent 6% below the South Carolina median$1,114
Housing Market Overview
| Metric | Greer | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,090 | $239,609 | $248,835 |
| Price Trend (Annual %) | 7.8% | 8.9% | 7.5% |
| Median Gross Rent | $1,114 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greer is about 5% lower than in South Carolina. Rent is about 6% lower 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 Greer, up about 7.8% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Greer rose about 54.1% between 2015 and 2024, from $723 to $1,114. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Greer.
Buying the median-priced home in Greer costs roughly 17.1 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 Greer. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Greer | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,090 | $239,609 | $248,835 |
| Median Household Income | $69,843 | $69,383 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greer rose about 153.7%, while median household income rose about 59.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Greer | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 62.3% | 58.5% |
| Rental Rate | 28.4% | 24.4% | 31.2% |
| Vacancy Rate | 6.7% | 13.3% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Greer has a homeownership rate of 65.0%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 6.7%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Greer | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1990 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Greer was built around 1990. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 11.0 years on average.
Greer, SC Housing Compared With Nearby Cities
How Greer, SC compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greer, SC | 30,854 | $228,090 #3/3 | $1,114 #3/3 | 69.6% #2/3 |
| Taylors, SC | 21,768 | $266,008 | $1,329 | 73.7% |
| Wade Hampton, SC | 22,508 | $341,567 | $1,156 | 62.9% |
Frequently Asked Questions
Common questions about the housing market in Greer, South Carolina.
What is the median home price in Greer, South Carolina?
The median home price in Greer, South Carolina is $228,090, lower than the South Carolina average of $239,609.
What is the average home price in Greer, South Carolina?
The typical home price in Greer, South Carolina, reported as the median sale price, is $228,090. 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 Greer, South Carolina?
The median gross rent in Greer, South Carolina is $1,114 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Greer in 2020?
In 2020, the median gross rent in Greer, South Carolina was $861 per month.
What is the price-to-rent ratio in Greer, South Carolina?
The price-to-rent ratio in Greer, South Carolina is about 17.1, meaning it would take roughly 17.1 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 Greer.
Are home prices or rent rising faster in Greer, South Carolina?
Both home prices and rent are rising in Greer, up about 7.8% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greer, South Carolina?
65.0% of households in Greer, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Greer, South Carolina?
The housing vacancy rate in Greer, South Carolina is 6.7%, lower than the South Carolina average of 13.3%.
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