Which parts of Greenville are appreciating or depreciating?

Greenville’s real estate market is booming, but not every neighborhood is experiencing the same growth. Some areas have seen rapid home appreciation, while others have struggled with depreciation due to various factors. Understanding these shifts is critical for buyers, sellers, and investors.

In Episode 262 of the Selling Greenville Podcast, Stan McCune dives deep into the data to explore which parts of Greenville are seeing the most appreciation and where home values are falling. Let’s break down the key takeaways from the episode.

Where Are Home Prices Appreciating in Greenville?

Certain areas of Greenville have consistently increased in value due to high demand, desirable locations, and strong local economies.

1. Downtown Greenville

Why It’s Appreciating:

• Strong economic growth and new developments.

• Walkability and access to entertainment, dining, and parks.

• A mix of luxury condos and historic homes attracting buyers.

With Greenville’s downtown becoming a hub for businesses and lifestyle enthusiasts, home values have steadily increased, making it a top appreciating area.

2. Simpsonville

Why It’s Appreciating:

• High-quality schools and family-friendly neighborhoods.

• Strong retail and business expansion, boosting local economy.

• Lower cost of living compared to downtown but with suburban conveniences.

Simpsonville remains a highly sought-after area for families looking for space, affordability, and convenience.

3. Travelers Rest

Why It’s Appreciating:

• Growing popularity as a quieter, nature-focused community.

• Access to Swamp Rabbit Trail and outdoor recreation.

• Increasing investment in local businesses and infrastructure.

Travelers Rest has become a favorite among those looking for a balance between nature and city access, driving appreciation.

4. Five Forks

Why It’s Appreciating:

• One of the most desirable suburban areas in Greenville.

• Excellent schools and large homes attracting families.

• High resale value due to strong buyer demand.

With continued new developments, Five Forks remains one of the best areas for long-term property value growth.

Where Are Home Prices Depreciating?

While some areas thrive, others have faced property value declines due to economic shifts, slower development, or overvaluation.

1. Greer

Challenges:

• Overdevelopment leading to slower price growth.

• Some areas still lack infrastructure to support rapid expansion.

• Higher competition among sellers leading to price drops.

Greer has experienced both growth and growing pains, causing some property values to plateau or decline.

2. Mauldin

Challenges:

• Slower appreciation compared to neighboring areas.

• Less commercial development than Simpsonville or downtown Greenville.

• Less demand from out-of-state buyers.

Mauldin offers affordability, but it hasn’t seen the same explosive growth as other parts of Greenville, leading to some depreciation.

3. Fountain Inn

Challenges:

• Longer commute times to Greenville’s job centers.

• Limited retail and commercial expansion.

• Higher competition from nearby Simpsonville.

Fountain Inn has struggled to keep up with its surrounding areas, leading to slower home appreciation.

What This Means for Buyers, Sellers, and Investors

For Buyers:

• If you’re looking for long-term value, consider appreciating areas like Downtown Greenville, Simpsonville, and Travelers Rest.

• If affordability is your priority, depreciating areas could present great deals with negotiation power.

For Sellers:

• If selling in appreciating areas, competitive pricing and strategic marketing can drive higher offers.

• If in a depreciating area, home improvements and flexible pricing may be needed to attract buyers.

For Investors:

• Strong appreciation in areas like Five Forks and Travelers Rest presents great long-term investment opportunities.

• Markets experiencing depreciation may require careful risk assessment before purchasing.

Watch & Listen to the Full Episode

For a detailed breakdown of Greenville’s real estate trends, tune in to Selling Greenville Podcast Episode 262. Stan McCune provides expert insights into which neighborhoods are appreciating or depreciating and what this means for real estate decisions.

🎧 Listen on all streaming platforms!

🎥 Watch on YouTube