April 18, 2022 (Source: Roofstock.com) – Greenville ranks among the nation’s top 10 hottest housing markets for 2022, with home prices projected to grow by 6% and sales volumes increasing by 11%. Low income taxes and property taxes, along with small-town living and great weather, are some of the reasons why investors love Greenville, SC.
Located about midway between Atlanta, Georgia and Charlotte, North Carolina, Greenville is home to over 525,000 residents in the metropolitan area and is the sixth largest city in the state. The economy is diverse, helping to keep the demand for real estate and rental property robust.
Greenville boasts a lower cost of living, mild climate, a strong job market, and an overall quality of life that is hard to beat. Locals like Greenville because of its big city appeal combined with small-town Southern charm.
Population growth
The population of Greenville County has exploded to more than half a million people, keeping the county the most populous in all of South Carolina. Over the last 10 years, the population of the City of Greenville has grown by 21%, with dozens of condominiums and apartments complexes developed in the downtown area.
Key population stats:
Greenville is home to over 87,500 residents in the city and more than 525,000 in the metropolitan county area.
The population of Greenville has increased by 16% over the last decade, with the metropolitan area growing by 1.53% year-over-year.
Greenville is the sixth-largest city in South Carolina and home to the third-largest urban area in the state.
Cities in the Greenville metropolitan area include Fountain Inn, Greer, Mauldin, Simpsonville, and Travelers Rest.
Travelers Rest in suburban Greenville, has seen its population grow by 70% since 2010.
Greenville County residents are among the state’s wealthiest residents, second only to Beaufort County along the coast where the Hilton Head resort is located.
The per capita income in Greenville is $31,966, while the median household income is $58,621.
Job market
The economy of South Carolina has come back strong and is almost fully recovered from the pandemic, with Greenville helping to lead the way. According to the Upstate SC Alliance, Greenville is on the forefront of America’s economic recovery. The region has a mix of high-tech job and old-line industries such as manufacturing and finance that are more resistant to economic downturns.
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