Local Market Points of Interest in Greenville
Greenville, SC is in upstate South Carolina between Charlotte, NC and Atlanta, GA. This thriving city of over 62,000 residents is the third-largest in the state after Columbia and Charleston. Greenville's location makes it easy to get around by car or public transportation. Now, let's look at some factors influencing the Greenville, SC real estate market.
Home Size
Greenville offers a great variety of home sizes and prices to accommodate many people. Greenville area homes have fewer average bedrooms than the national average. Still, they have plenty of living space per bedroom with an average size over 200 square feet higher than the national average. This means that many homes for sale here are smaller but well suited for singles, couples, and empty nesters.
Home Type
Greenville real estate consists of primarily single-family homes at 79%. The remainder is 12% multi-family homes and 9% mobile homes. Thus, it would help to decide on the market segment to explore while keeping the most coveted home type in mind. You should conduct additional research to make informed decisions when exploring Greenville real estate.
Home Age
The average age of Greenville area homes is less than the national average. With so many people moving here, most new construction happens outside Greenville city limits, where available properties include fixer-uppers and new builds.
Average Number of Residents Per Home
The average number of residents per home is less than the national average, which means that Greenville area homes are more likely to be single families with a lower chance of living together as roommates.
Zip Codes
Some areas in Greenville are more sought after than others. Therefore, you need to choose specific locations based on your target buyers. We've included a breakdown of the Greenville area zip codes to make it easier. You also want to ensure that many potential home buyers covet a specific location.
Government Factors
Greenville, SC offers many services to residents, including free trash pickup on Fridays for some neighborhoods, an excellent park system with more than 20 parks, and recreational programs during all seasons. The state is also involved in protecting the environment by making recycling easy while disposing of hazardous waste properly.
Cost of Living
According to Sperling's Best Places, the cost of living in Greenville is 8% lower than the national average. This makes Greenville a competitive market for home buyers from neighboring cities within South Carolina and other states.
Local Market Summary
Greenville area homes are more minor but comfortable enough to suit singles, couples, and empty nesters. Homes for sale here are mainly single-family homes with fewer residents than the national average. Most new construction happens outside of Greenville city limits, but many older homes can also be found in that area.
The average age of Greenville area homes is less than the national average, which means more people in their prime years buy and sell Greenville homes. While the average number of residents per home is less than the national average, many single-family homes for sale in Greenville are large enough to accommodate modern families with children who may need more than one bedroom for themselves.
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