Is Greenwood County, SC good for real estate investing?

Greenwood County has an investment score of 60/100, rated as "Buy". The county ranks #331 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Greenwood?

The rent-to-price ratio in Greenwood County is 7.52% annually, which ranks in the 85th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Greenwood?

The median home price in Greenwood County is $165,592. This ranks #212 in affordability among all US counties.

Can you cash flow on rental properties in Greenwood?

Based on median values with 20% down at current rates, a typical rental in Greenwood County would generate negative cash flow of $193/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Greenwood County

South CarolinaPopulation: 69,309

/100

Buy

#331 of 1,000 counties

#10 in South Carolina (46 counties)

Market Snapshot

$165,592

Median Home Price

29% below national median

$1,038/mo

Median Rent

31% below national median

7.52%

Rent-to-Price Ratio

Top 15% nationally

-$193

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$165,592

Down Payment (20%)$33,118

Loan Amount$132,474

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,038

Monthly P&I-$868

Est. Expenses (35%)-$363

Net Cash Flow-$193/mo

4.9%

Cap Rate (all cash)

-6.1%

Cash-on-Cash Return

7.52%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

60/100

Cash Flow(30%)

75/100

Based on 7.52% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

36/100

Based on -2.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

78/100

Price-to-income ratio of 3.5x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.52%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Declining home values (-2.8% YoY)
-Negative leverage (cap rate 4.9% < mortgage rate 6.9%)

Economic Indicators

Population

69,309

Median Income

$47,553

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.5x

Moderately affordable

Compare to Nearby Counties

County					Verdict
SpartanburgSC	62	$272,812	$1,436	6.32%	Buy	View
LexingtonSC	62	$266,614	$1,588	7.15%	Buy	View
CurrentGreenwoodSC	60	$165,592	$1,038	7.52%	Buy
OconeeSC	60	$279,544	$1,501	6.44%	Buy	View
EdgefieldSC	59	$260,554	Est. pending	—	Hold	View
GreenvilleSC	58	$329,079	$1,598	5.83%	Hold	View

The Bottom Line

BuyGreenwood offers solid investment potential with good cash flow or appreciation prospects.

Greenwood County in South Carolina scores 60/100, ranking #331 of 1,000 US counties (top 44%). The 7.52% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-193/mo

Cap Rate

4.9%

Cash-on-Cash

-6.1%

Ready to Analyze a Deal in Greenwood?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$165,592

Down Payment (20%)$33,118

Loan Amount$132,474

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,038

Monthly P&I-$868

Est. Expenses (35%)-$363

Net Cash Flow-$193/mo

4.9%

Cap Rate (all cash)

-6.1%

Cash-on-Cash Return

7.52%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

60/100

Cash Flow(30%)

75/100

Based on 7.52% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

36/100

Based on -2.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

78/100

Price-to-income ratio of 3.5x. Lower ratios indicate more affordable markets.

County

Verdict

SpartanburgSC

$272,812

$1,436

6.32%

Buy

View

LexingtonSC

$266,614

$1,588

7.15%

Buy

View

CurrentGreenwoodSC

$165,592

$1,038

7.52%

Buy

OconeeSC

$279,544

$1,501

6.44%

Buy

View

EdgefieldSC

$260,554

Est. pending

—

Hold

View

GreenvilleSC

$329,079

$1,598

5.83%

Hold

View

The Bottom Line

BuyGreenwood offers solid investment potential with good cash flow or appreciation prospects.

Greenwood County in South Carolina scores 60/100, ranking #331 of 1,000 US counties (top 44%). The 7.52% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-193/mo

Cap Rate

4.9%

Cash-on-Cash

-6.1%