Greensboro, NC—27401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greensboro, NC
As of Oct '25, the median home price in Greensboro, NC is $181,000, with a year-over-year change of -3.2%. This indicates that home prices in Greensboro, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | -3.2% |
| Single Family | $179,000 | -2.7% |
| Condos | $190,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $166,000 | -3.5% |
2 Bed | $150,000 | -3.8% |
3 Bed | $193,000 | -1.0% |
4 Bed | $270,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,330, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Greensboro, NC is studios: $838, 1-bedrooms: $1,070, 2-bedrooms: $1,240, 3-bedrooms: $1,810, 4-bedrooms: $1,770. The most common rental property sizes in Greensboro, NC are 2-bedroom and 1-bedroom, accounting for 41.3% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,240 | $1,330 |
| Studio Rent | $825 | $838 |
| 1 Bed Rent | $960 | $1,070 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,560 | $1,810 |
| 4 Bed Rent | $1,980 | $1,770 |
% of Rental Stock
Property Listings — Greensboro, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Greensboro, NC is 90. This is a increase of 108.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | -9.0% |
Listing Count | 66 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 90 | 108.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 21,800, which has decreased by -1.4% over the past 5 years. Greensboro, NC is a less popular place for families, as children make up 13.8% of the population. The area has a moderately educated workforce, with 31.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | -1.4% |
% Under 18 | 13.8% | -8.6% |
% Seniors | 14.1% | 30.6% |
% WFH | 10.1% | 46.4% |
% w/ College Degree | 31.8% | 21.4% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly black area, with 62.1% of the population identifying as black. The black population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is white, making up 25.8% of the population. Foreign-born residents account for 8.6% of the population in Greensboro, NC, and this percentage has increased by 45.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.8% | 7.5% |
% Black | 62.1% | -8.5% |
% Hispanic | 8.4% | 104.9% |
% Asian | 1.2% | 9.1% |
% Foreign Born | 8.6% | 45.8% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 179 mortgage originations in Greensboro, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Greensboro, NC. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 179 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Greensboro, NC
As of 2024, the percent of homes in Greensboro, NC under the Section 8 program is 14.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Greensboro, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 922 |
Total Units Section 8 | 787 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $960 | $940 |
| 2 Bedroom | -$140 | $1,200 | $1,060 |
| 3 Bedroom | -$210 | $1,560 | $1,350 |
| 4 Bedroom | -$460 | $1,980 | $1,520 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $181,000 |
| Median Household Income | $44,500 |