Home Values in Greenville, North Carolina — 2026 Market Report
Updated March 2026 | Seller's Market | +7.4% YoY
The median home value in Greenville, North Carolina is $215,000 as of March 2026, which is below the national median of $400,000. Home values in Greenville have increased by 7.4% over the past year and 42.9% over the last five years. With a population of 87,521 and a median household income of $42,250, the price-to-income ratio stands at 5.1x, making Greenville affordable for the average household.
Greenville Housing Market Conditions
| Metric | Greenville | National Avg |
|---|---|---|
| Median Home Value | $215,000 | $400,000 |
| YoY Appreciation | +7.4% | +3.8% |
| 5-Year Appreciation | +42.9% | +22.4% |
| Price per Sq Ft | $73 | $222 |
| Days on Market | 36 days | 45 days |
| Months of Supply | 2.6 | 3.5 |
| List-to-Sale Ratio | 96.7% | 98.5% |
| Monthly Homes Sold | 82 | — |
| Foreclosure Rate | 0.29% | 0.3% |
Home Value Trends in Greenville
A homeowner who purchased at the median price of $150,455 five years ago in Greenville would have gained approximately $64,545 in equity, representing a 42.9% return on investment. Over the past year alone, the typical homeowner gained $14,814 in home equity.
Affordability in Greenville, NC
With a median household income of $42,250 and a median home price of $215,000, the price-to-income ratio in Greenville is 5.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,619 compared to estimated monthly ownership costs of $1,162 gives a rent-vs-buy ratio of 0.72. In Greenville, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Greenville
The effective property tax rate in North Carolina is 0.78%. On a home valued at $215,000, the estimated annual property tax bill is $1,677, or approximately $140/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Greenville is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Greenville, NC?
The median home value in Greenville, North Carolina is $215,000 as of March 2026. Home values have changed +7.4% over the past year, with a 5-year appreciation of 42.9%.
Is Greenville a buyer's or seller's market?
Greenville is currently a seller's market with 2.6 months of housing supply. Homes spend an average of 36 days on market, and the list-to-sale price ratio is 96.7%. Low inventory gives sellers an advantage.
Are home values going up in Greenville?
Yes, home values in Greenville have increased by 7.4% over the past year. The 5-year appreciation rate is 42.9%, meaning a home worth $150,455 five years ago is now worth $215,000.
Is it better to rent or buy in Greenville?
The average monthly rent in Greenville is $1,619, while estimated monthly homeownership costs are approximately $1,162. The price-to-rent ratio is 11.1. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other North Carolina Cities
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Disclaimer: Home value data for Greenville, North Carolina is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.