Market Analysis
Greenville Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$376,950
Average Monthly Rent
$1,578
Estimated Cap Rate
5.0%
Rent-to-Price Ratio
0.4%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 29605 | $350,000 | $1,799 | 0.51% |
| 29611 | $289,000 | $1,314 | 0.45% |
| 29607 | $403,900 | $1,600 | 0.40% |
| 29601 | $699,900 | $1,599 | 0.23% |
Context · FRED home price index
Market Trends
Greenville metro area — % change since 2018
Home Prices
+95.2%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Multi-Family | $1,135/mo |
| Apartment | $1,163/mo |
| Condo | $1,215/mo |
| Townhouse | $1,708/mo |
| Single Family | $1,920/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$376,950
Down Payment (20%)$75,390
Monthly P&I$1,966
Monthly Rent$1,578
Est. NOI$11,362/yr
Est. Cash Flow-$1,019/mo
Cash on Cash-14.7%
The Greenville market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Greenville
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $3,770/mo to pass
- 3Below-average rents keep entry costs low for new investors
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