The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Not only is Greenville rental property lucrative in 2020, but it is also more profitable than the average income property in the state. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc.Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Investing in traditional rental properties makes for a viable and lucrative strategy for Greenville SC real estate. Of course, if you had your heart set on an Airbnb rental property, then the Greenville real estate market is not the ideal location for you. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate LLC or any of its affiliates. As seen previously, the average traditional rental income in Greenville is $1,301. According to Zillow, Greenvilleâs expected appreciation rate in 2020 is 2.7%. See Homes in Neighborhoods Near Greenville, SC… Existing Home Sales Up 21% in June Amid... No US Housing Bubble Crash in Sight, Expert... How to Calculate the Rate of Return on a Rental Property. In 2019, the average Greenville real estate investment appreciated by 4.5%. That’s What You Need to Know. What’s the Best Airbnb Analytics Platform for 2019? The average sale price of a home in Greenville was $250K last month, up 6.2% since last year. As a result, about 60% of residents live in Greenville rental properties. Owner-occupied rentals in permissible zones fall into two categories: hotel/motel and bed &breakfast inn. Affordability of Living in Greenville, SC. Last updated on: 11/13/2020, 1:39:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. By communicating with us by phone, you consent to calls being recorded and monitored. This rate was higher than those of 50% of markets in the South Carolina real estate market. 44.6% of homes here sold below asking price last month. All Rights Reserved. Rocket Homes Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Is Investing in the Kansas City Real Estate Market in 2019 Smart? Most importantly, non-owner occupied rentals cannot be used for Airbnb real estate investing. Managing Residential Property: Must-Know Tips. So, should you invest in Greenville SC real estate in 2020? The positive appreciation trend is projected to continue in 2020. Based on the data and trends, investing in Greenville real estate in 2020 will prove to be a profitable venture. All information provided is deemed reliable but is not guaranteed and should be independently verified. Investing in the Houston Real Estate Market? From the robust downtown with a variety of shops, restaurants and cultural venues, to the quiet tree-lined suburbs with historic homes, Greenville is an exceptional community to call home. All Rights Reserved. As a result of these economic trends, income property in Greenville will be a great real estate investment in 2020. Property investors are, therefore, searching for the best housing markets in 2020. Here’s How the Sacramento Housing Market Is Doing Now, Surprising Best Places to Buy Rental Property in 2018. So, where should you start looking for Greenville homes for sale? Greenville SC Real Estate 2020: Should I Invest? In recent years, the Greenville real estate market has risen as one of the top markets in the Southeastern United States. © 2020 Spartanburg Association of REALTORS® Multiple Listing Service. In fact, the combination of Mashvisorâs data with the knowledge of Greenville market trends will give you the best forecast for Greenville SC real estate. With a focus on real estate investing tips, concepts, and top investing locations, he aims to help all aspiring investors who come across his blogs to hit the bank with their investment property. This is considerably higher than the US average of 33%. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. One location that real estate investors are exploring is Greenville, South Carolina. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. Last updated on: 11/12/2020, 11:56:20 PM Eastern. CA BRE#01804478. Besides taking a look at the data, you have to understand a few local real estate market trends to know if Greenville real estate investing is smart for 2020. For instance, Greenvilleâs cost of living is 10.2% lower than the US average. According to the PwCâs Emerging Trends in Real Estate report, Greenville will experience high investor demand in 2020. Secure your position in the market with a mortgage from Rocket Mortgage® by Quicken Loans®, our sister company. Based on information from Greater Greenville MLS, Multiple Listing Service of Spartanburg, Western Upstate MLS, Consolidated Multiple Listing Service Inc., and CHS MLS for the period 11/01/2018 - 11/01/2020. Homes sell for about 2% below list price and go pending in around 57 days. The average sale price per square foot in Greenville is $139, up 6.9% since last year. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. Greenville, SC Real Estate Trends. Check out these other Airbnb locations instead. ¹Based on Quicken Loans data in comparison to public data records. Related: 20 Cities with No Airbnb Legal Issues in 2020. This demand will come from both real estate investors looking to buy an investment property as well as tenants looking for rental homes. Sign up for free now to take a look for yourself. According to NeighborhoodScout, Greenville real estate appreciated by over 57% in the last 10 years. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf.
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