Greenville Market Statistics
Median Home Price
$47,342
-88% vs national
Median Rent
$0/mo
0% vs national
Property Tax Rate
0.81%
Price Change (1 Year)
-29.0%
Price Change (5 Year)
-50.0%
Price-to-Rent Ratio
0.0
-1710% vs national avg
Income to Afford
$12,845
Days on Market
35 days
Data sources: Zillow, Tax Foundation. Last updated: 12/30/2025
Greenville Market Insights
Greenville's home prices have decreased 29.0% over the past year. This could present buying opportunities, but potential buyers should consider whether this trend might continue before committing.
Greenville's price-to-rent ratio of 0.0 is below 15, suggesting buying could be a strong financial choice compared to renting. Properties are relatively affordable compared to rents in this market.
Home prices in Greenville are 88% below the national median of $402,356. This relative affordability could make homeownership more accessible than in many other major cities.
About This Analysis
These insights are generated based on current Greenville market data including median home prices, rental rates, property taxes, and historical appreciation. The analysis uses standard assumptions (20% down payment, 7% interest rate, 10-year horizon) for comparability. Your specific situation may differ. Use our calculator to run personalized numbers with Greenville data preloaded.
Average rent in Greenville in 2026
The typical Greenville rent is $0 per month, or $0 a year. That is in line with the national typical rent, and rents here moved up (3.0%) over the past year. Against the median household income of $25,000, that rent takes about 0% of gross income, under the 30% rule of thumb.
Rent figure is the metro-level Zillow Observed Rent Index (ZORI), a typical asking rent across unit sizes; a specific one-bedroom or three-bedroom will sit below or above it. For rent by ZIP code and bedroom count, see rent estimates for Mississippi.
What owning the median Greenville home costs per month
At the $47,342 median price, a buyer putting 20% down ($9,468) and financing the rest at 6.5% on a 30-year fixed loan pays about $325 a month all-in, versus $0 to rent. That is $325 a month more than renting, before counting the equity the owner builds or the return a renter could earn on the down payment.
| Monthly cost | 20% down | 10% down |
|---|---|---|
| Principal and interest (6.5%, 30-yr) | $239 | $269 |
| Property tax (0.81% of value) | $32 | $32 |
| Insurance and maintenance allowance | $53 | $53 |
| Mortgage insurance (PMI) | — | $18 |
| Total to own | $325 | $372 |
| Median rent | $0 | $0 |
Assumptions: 30-year fixed at 6.5%, insurance 0.35% and maintenance 1% of price per year, PMI 0.5% of the loan when the down payment is under 20%. Change any of them in the buy vs rent calculator, which also models appreciation, rent growth, taxes, and what the down payment earns if invested.
Greenville price-to-rent ratio: 0.0
Price-to-rent divides the median home price by a year of median rent: $47,342 ÷ $0 = 0.0. Put differently, buying the median home costs about 0 years of rent up front. Ratios under 15 usually favor buying, 15 to 20 is a toss-up, and above 20 the math tilts toward renting and investing the difference.
The ratio is a screen, not a verdict. It ignores mortgage rates, property tax, how long you stay, and what home prices and rents do next, which is why the verdict above comes from the full model and not from this one number.
What would change the answer in Greenville
- Mortgage rates. A one-point drop from 6.5% to 5.5% cuts the 20%-down payment by $24 a month, to $300 all-in.
- How long you stay. The model does not find a break-even inside 30 years at today's Greenville prices, rents, and rates, which is why renting wins here unless prices fall or rents rise sharply.
- Price growth versus rent growth. Over the past year Greenville prices moved -29.0% and rents 3.0%. Rents outrunning prices is the pattern that eventually flips a market toward buying.
- Down payment size. Going from 20% to 10% down adds $48 a month in payment and PMI, but keeps $4,734 in your pocket to invest or hold as reserves.
Keep an eye on the Greenville market
Home prices, rents, and whether buying beats renting here. A short update when the data changes. Unsubscribe anytime.
Run Your Own Numbers
Our analysis uses standard assumptions. Your situation may be different. Use our full Buy vs Rent calculator to input your specific income, down payment, and financial goals.
Compare Nearby Markets
See how Greenville compares to other cities in Mississippi and the surrounding area.
| City | Median Home | Median Rent | Verdict |
|---|---|---|---|
| Greenville(current) | $47,342 | $0 | Insufficient-data |
| Jackson | $125,430 | $1,343 | Toss-up |
| Gulfport | $220,811 | $1,390 | Rent |
| Southaven | $295,634 | $1,735 | Rent |
Click on a city name to see its detailed rent vs buy analysis.
Frequently Asked Questions
The typical Greenville rent is $0 per month (metro-level Zillow Observed Rent Index), 0% above the national typical rent. Rents rose 3.0% over the past year. One-bedrooms rent below that figure and three-bedrooms above it; our rent estimates pages break it down by ZIP and bedroom count.
Our Methodology
Our rent vs buy analysis uses a comprehensive financial model that compares the total cost of homeownership against renting and investing the difference. Here's how we calculate each verdict:
1Buying Costs We Include
- Mortgage principal and interest (P&I)
- Property taxes (using local rates)
- Homeowner's insurance
- PMI (if down payment is less than 20%)
- Maintenance costs (1-2% of home value/year)
- Transaction costs (closing costs, realtor fees)
- Home appreciation over time
2Renting + Investing Assumptions
- Monthly rent with annual increases (~3%/year)
- Renter's insurance
- Down payment invested in stock market
- Monthly savings (buy cost - rent cost) invested
- 7% average annual stock market returns
- Investment growth over holding period
Standard Assumptions for City Analysis
Down Payment
20%
Interest Rate
7.0%
Loan Term
30 years
Time Horizon
10 years
How We Determine the Verdict
- Buy: When buying builds $20,000+ more wealth than renting over 10 years
- Rent: When renting + investing builds $20,000+ more wealth than buying over 10 years
- Toss-Up: When the difference is less than $20,000 either way, so lifestyle factors should guide your decision
Note: This analysis provides general guidance based on market averages. Individual results will vary based on specific property characteristics, negotiated prices, timing, and personal financial factors. Always run your own numbers with our full calculator for personalized results.