Greenville, South Carolina, is a beautiful little town located in the foothills of the Blue Ridge Mountains. The city of around 50,000 offers many real estate opportunities, including historic districts, suburban areas and a bustling downtown. Greenville offers all the fun and excitement of big-city living in a beautiful and quiet country setting.
From undeveloped land to luxury real estate, learn why investing in Greenville real estate is a good plan for you and your future.
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| Population 56,002 | Median Age 34.6 yrs | Household Size: 2.11 |
| Avg Commute: 16.8 min | Avg Income $33,144 | Avg Home Value: $118,100 |
| July High: 89.1°F | January Low: 31.0°F | |
Investing in Greenville Real Estate
Located in one of the fastest growing areas in the country and known as the fastest growing city in South Carolina, Greenville has a lot to offer the potential investor. Centrally located between metropolitan areas like Atlanta, GA, Charlotte, NC, Miami, FL, and New York, NY, entertainment and fun are just a hop, skip and jump away from this growing city.
According to the 2000 census, the population in Greenville was about 56,002. Of that population, about 11,453 people owned their homes and about 12,929 people rented their homes. And according to local demographic information for 2005, the average sales price of a single family home was about $171,960.
Now that you know a little more about why Greenville is a viable investment, one of the first things to ask yourself when investing in the Greenville area is what type of investment it will be. For instance, will you be living in the house part of the year or the whole year? Will you be renting the house? Do you want to build your house from the ground up? Location becomes an important aspect of your investment when looked at from this perspective: will you want something secluded or will you want something closer to the hub of the city and the activities that draw vacationers?
Once you have decided on the type of investment you want to make, one thing you might want to consider doing is looking through the foreclosure listings. The foreclosure listings are a good way to find nice homes for under-appraised prices — often hundreds of dollars less than what you might normally pay for a regular home. In fact, by investing wisely in a foreclosed home, you can get a larger home for a fraction of the price.
With over $221 million in total assessed property value and over $100 million in annual private construction investment for the sixth consecutive year, it is easy to see that this growing city has something to offer the serious investor. So if you are thinking about investing in Greenville real estate, what are you waiting for?
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A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®