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If you are a home buyer or real estate investor, Greenville definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Stacker compiled a list of places with the fastest growing home prices in Greenville County, SC using data from Zillow. Places are ranked by the dollar change Zillow Home Values Index for all homes from October 2021 to October 2022. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 10 cities and towns with data available were included in the list. Charts for each place show the monthly typical home value since January 2018.
Stacker distribution partners receive a license to all Stacker stories, as well as image rights, data visualizations, forward planning tools, and more. If your organization is interested in becoming a Stacker distribution partner, email us at. Comparables or simply 'comps' is considered the best tool to estimate home values and is widely used by real estate professionals, including appraisers, lenders and brokers. Across the nation, 0.48% of homebuyers searched to move into Greenville from outside metros. Find out the number of homebuyers searching to move in and out of Greenville, plus the top relocation destinations. The Homes.com Automated Valuation Model provides an estimate of the home value of every on and off market property in the US.
How to buy a home in Greenville, SC
Can sell for about 1% above list price and go pending in around 28 days. The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units. The proportion of homes and apartments in the city built within a certain time period. Of the total homes in Greenville, SC82% are for sale,18% are for rent, and76% are single family homes. You can view flood and environmental risk in nearby areas on the map.
Appreciation rates are so strong in Greenville that despite a nationwide downturn in the housing market, Greenville real estate has continued to appreciate in value faster than most communities. Based on the last twelve months, short-term real estate investors have found good fortune in Greenville. Greenville appreciation rates in the latest quarter were at 4.91%, which equates to an annual appreciation rate of 21.13%. Homes for sale in Greenville, SC have a median listing home price of $335,000. There are 1171 active homes for sale in Greenville, SC, which spend an average of 45 days on the market.
Greenville County Housing Market Trends
The kitchen has custom cabinets, quartz countertops, stainless steel appliances, and an island that comfortably seats 4. The third level, accessible by stairs or elevator, is where you will find the master suite with a walk-in closet. The master bath includes oversized tile shower with frameless glass shower door, double vanity with undermount sinks, and private toilet with pocket door.
As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . In the last 10 years, Greenville has experienced some of the highest home appreciation rates of any community in the nation. Greenville real estate appreciated 120.31% over the last ten years, which is an average annual home appreciation rate of 8.22%, putting Greenville in the top 20% nationally for real estate appreciation.
Greenville County Housing Market
Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S. Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.
Some of the hottest neighborhoods near Greenville, SC are Augusta Street Area, Pleasant Valley, Nicholtown, Overbrook Historic District, Hollingsworth Park. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greenville differ in their investment potential, sometimes by a great deal. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded.
Rental Searches in Greenville, SC
77% of Greenville homebuyers searched to stay within the Greenville metropolitan area. New York homebuyers searched to move into Greenville more than any other metro followed by Los Angeles and Washington. In Sep '22 - Nov '22, 23% of Greenville homebuyers searched to move out of Greenville, while 77% looked to stay within the metropolitan area.
The fourth floor is a great place to create an office or study area for the kids, or maybe a good space for a minibar. Outside you will find an amazing 595 sq ft rooftop terrace with gas grill connection, pre-wired cable connection, and accent lighting. Located near the intersection of North Main Street and Stone Avenue, Noma City Terrace is convenient to Downtown entertainment, fine dining, shopping, and local parks.
There are currently 1,368 properties with a median home value in Greenville, SC of $251,800. Environmental risk data is provided by Risk Factor™, a product of First Street Foundation®. The Risk Factor models are designed to approximate risk and not intended to include all possible scenarios.
Home values in Greenville, SC are 17%below the median home value in the United States. Stacker offers its articles as-is and as-available, and makes no representations or warranties of any kind. Click on the risks below to learn which exist in Greenville County today and how they’ll change by 2050. Click on the risks below to learn which exist in Greenville today and how they’ll change by 2050. To verify enrollment eligibility for a property, contact the school directly. Forest City was the most popular destination among Greenville homebuyers followed by Asheville and Virginia Beach.
On average, homes in Greenville County sell after 43 days on the market compared to 41 days last year. There were 622 homes sold in October this year, down from 778 last year. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. Single-family detached homes are the single most common housing type in Greenville, accounting for 47.08% of the city's housing units. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
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