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Greenwood County, SC

RANK #698 / 996  ·  POP 69,309  ·  SC

PROJECTED GROWTH: +0.0%

Greenwood County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Greenwood County?

Greenwood County, South Carolina, is often recognized for its historical significance, particularly the Ninety Six National Historic Site, which was the location of two Revolutionary War battles. Situated in the Upstate region, Greenwood County is about an hour's drive from larger cities like Greenville and Columbia, making commutes to these urban centers feasible. The community offers a blend of small-town atmosphere and access to natural beauty, including the 11,000-acre Lake Greenwood, which provides opportunities for boating, fishing, and camping. The county also features various parks and trails for outdoor recreation.

Life in Greenwood County is characterized by a lower cost of living compared to national and state averages, which can appeal to families and individuals seeking affordability. The county's economy has a notable manufacturing presence, with approximately 26% of the local workforce employed in this sector. Educational institutions like Lander University and Piedmont Technical College contribute to a skilled workforce and provide local higher education opportunities. Recent economic developments include investments in commercial and residential projects, as well as growth in the energy, manufacturing, and life sciences sectors.

[02] Market Snapshot

Housing Ratio
2.7x

Undervalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
-2.6%

Prices declining

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Greenwood County U.S. National

The Numbers

DEMOGRAPHICS
Population
69,309
-0.04% YoY
Median Household Income
$47,553
Median Home Value
$144,000
-2.63% 12mo
Median Rent
$849
Average Annual Pay
$53,318
+4.9% YoY
Employment
27,679
+0.3% YoY
Income-to-Home-Value
0.3302
More affordable than average
Migration Inflow
3.21%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$255,945
Days on Market
113
Slower market
Months of Supply
7.2
Buyer's market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
7.9%
Listings w/ Price Drops
18.3%
Building Permits (2024)
193
Single-Family Permits
193

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$672M
TOTAL
PROJECT AMOUNT STATUS
Old 8 Golf Course Community
Undisclosed Developer
$400M Proposed
ES Foundry Solar Cell Manufacturing Facility
ES Foundry
$150M Operating
Bradley PV1 Solar Electric Power Plant
Ecoplexus
$97M Completed
Pine Gate Renewables Community Solar Portfolio (13 projects)
Pine Gate Renewables
$26M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.0% 57 percentile
Population Growth -0.0% 28 percentile
Income Growth +6.8% 16 percentile
Vacancy Rate 1.2% 38 percentile
Home Price Change -2.6% 11 percentile
Rent Growth +5.9% 86 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Greenwood County, SC a good place to move to?

Greenwood County has a Boom Town Index score of 30/100, ranking #698 among 996 U.S. counties. With job growth at +0.3% and a median household income of $47,553, it faces some economic headwinds compared to faster-growing counties.

Is Greenwood County affordable?

The median home value in Greenwood County is $144,000 with median rent at $849/month. The income-to-home-value ratio is 0.3302, which is more affordable than the national average.

Is Greenwood County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +0.3%. Home values changed -2.6% in the past 12 months.

Are people moving to Greenwood County?

Yes — 3.21% of Greenwood County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Marshall County, AL 40 Wyandotte County, KS 40 Montgomery County, PA 40 Gregg County, TX 40 Carver County, MN 40 Madison County, MS 40 Bristol County, RI 40 Pulaski County, AR 40