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Greenville, SC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,576
Monthly Cash Flow
-$227
Principal + Equity
$2,258
Annual Total Gain
$24,374
Cash on Cash
-3.36%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$158
Occupancy Rate
67.74%
Monthly Revenue
$2,335
Monthly Cash Flow
$181
Principal + Equity
$2,258
Annual Total Gain
$29,278
Cash on Cash %
2.69%
Net ROI %
Market Health & Growth
Median Income
$68,460
Population
71,755
LTR Renter %
58.79%
Forecast (1 yr)
2.3%
Appreciation (1 yr)
1.01%
Appreciation (5 yr)
42.26%
Appreciation (10 yr)
104.85%
Job Growth
2.44%
LTR Rentability
High
STR Demand
68
STR Rentals
1,118
Top Public Schools
ASC Governor's School for Arts & Humanities
AGreenville Technical Charter High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Places to Live in South Carolina
#16out of 188 markets
Best Places for Young Professionals in South Carolina
#1out of 188 markets
Places with the Best Public Schools in South Carolina
#30out of 188 markets
B
Public School
C-
Crime And Safety
C
Housing
A
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Greenville, SC.
In Greenville, SC, Short Term Rental (STR) regulations are enforced by the City of Greenville's Planning and Development Department. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Greenville has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are interested in purchasing is located in a zone that permits short term rentals.
2. Permitting Requirements: In order to operate a STR in Greenville, investors must obtain a Short Term Rental Permit from the city. This permit must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the permit.
3. Occupancy Limits: Greenville has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Noise and Nuisance Regulations: Greenville has regulations in place to address noise and nuisance issues related to STRs. Investors should be aware of these regulations and take steps to ensure that their property does not cause disturbances to neighbors.
5. Taxation: Investors should be aware of the tax implications of operating a STR in Greenville. This may include occupancy taxes, sales taxes, and other fees that must be collected and remitted to the city.
6. Homeowner's Association Restrictions: If the property is located in a neighborhood with a homeowner's association, investors should review the association's rules and regulations regarding STRs. Some associations may have restrictions or prohibitions on short term rentals.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a STR in Greenville before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potentially the loss of the ability to operate the rental property.
Market Trends Over Time
Explore 25 years of market data for Greenville, SC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Greenville, SC.
The LTR Genie Score of Greenville, SC is 81 and STR Genie Score is 86, indicating that both long-term rental and short-term rental investment opportunities in this market are very high. The high LTR Rentability and STR Occupancy rates suggest a strong demand for rental properties in Greenville. Additionally, the positive LTR and STR Net ROI percentages indicate that investors can expect a good return on their investment in both rental strategies.
Greenville, SC is a growing city known for its strong economy, diverse job market, and quality of life. The city has a thriving downtown area, numerous parks and outdoor recreational opportunities, and a vibrant arts and culture scene. With a forecasted 1-Year Price Appreciation of 2.3%, Greenville is a market that is expected to continue to grow and attract residents, making it an attractive option for real estate investors.
Based on the metrics provided, Greenville, SC appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to take advantage of the strong rental demand and potential for high returns in this market.
