Market Overview
Home Prices in Greenville, AL
The median home value in Greenville, AL is $119,990 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.5% compared to a year ago and down 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Greenville are priced71% below average.
Over the past five years, Greenville home values have fallen by approximately1.5%, reflecting softening conditions in this market.
Price History
Greenville Home Price Trend
2020
$108,603
$109K
—
2021
$121,861
$122K
+12.2%
2022
$128,491
$128K
+5.4%
2023
$127,962
$128K
-0.4%
2024
$130,818
$131K
+2.2%
2025
$128,346
$128K
-1.9%
2026
$119,990
$120K
-6.5%
City Comparison
Greenville vs. National Median
🏠 Greenville
$119,990
National Median
$410,000
At $119,990, homes in Greenville cost 71% below the national median of $410,000. This makes Greenville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Greenville?
20% Down Payment
$23,998
on $119,990
Monthly P&I
$626/mo
30-yr @ 6.8%
Total Monthly Est.
~$795/mo
incl. taxes & insurance
Income Needed
$31,800
gross annual (30% rule)
10% Down Option
$11,999
+ PMI applies
Loan Amount (20% dn)
$95,992
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Greenville, AL?
The median home value in Greenville is $119,990 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.5% year-over-year.
How much have home prices changed in Greenville?
Over the past year, home values in Greenville have decreased by 6.5%. Over five years, prices have fallen approximately 1.5%.
How much do I need to earn to buy a home in Greenville?
To comfortably afford the median home price of $119,990 with a 20% down payment ($23,998) at today's rates (6.8%), you'd need a gross annual income of approximately $31,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Greenville compare to the national average home price?
The national median home value is approximately $410,000. At $119,990, homes in Greenville are 71% below the national average.