Greensboro, NC—27406
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 $220,000, with a year-over-year change of -2.9%. This indicates that home prices in Greensboro, NC are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | -2.9% |
| Single Family | $222,000 | -2.2% |
| Condos | $117,000 | -9.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $133,000 | -9.5% |
2 Bed | $138,000 | -5.5% |
3 Bed | $228,000 | -1.3% |
4 Bed | $327,000 | 1.9% |
| 5 Bed | $114,000 | -12.3% |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,450, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Greensboro, NC is 1-bedrooms: $939, 2-bedrooms: $1,140, 3-bedrooms: $1,680, 4-bedrooms: $2,050. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 43.7% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $939 |
| 2 Bed Rent | $1,070 | $1,140 |
| 3 Bed Rent | $1,740 | $1,680 |
| 4 Bed Rent | $2,060 | $2,050 |
% 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 57. This is a increase of 14.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | 6.0% |
Listing Count | 129 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 57 | 14.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 63,700, which has remained stable by 0.3% over the past 5 years. Greensboro, NC is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,700 | 0.3% |
% Under 18 | 25.2% | -3.1% |
% Seniors | 14.9% | 8.8% |
% WFH | 8.8% | 100.0% |
% w/ College Degree | 26.9% | 15.0% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly black area, with 53.3% of the population identifying as black. The black population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is white, making up 25.7% of the population. Foreign-born residents account for 9.6% of the population in Greensboro, NC, and this percentage has increased by 33.3% 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 | 25.7% | -5.9% |
% Black | 53.3% | -9.0% |
% Hispanic | 13.3% | 54.7% |
% Asian | 2.2% | 15.8% |
% Foreign Born | 9.6% | 33.3% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 1054 mortgage originations in Greensboro, NC, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Greensboro, NC. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,054 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Greensboro, NC
As of 2024, the percent of homes in Greensboro, NC under the Section 8 program is 13.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Greensboro, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,845 |
Total Units Section 8 | 1,557 |
% Rentals under Section 8 | 13.2% |
% Occupied Section 8 | 80.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $875 | $1,020 |
| 2 Bedroom | $60 | $1,070 | $1,130 |
| 3 Bedroom | -$300 | $1,740 | $1,440 |
| 4 Bedroom | -$440 | $2,060 | $1,620 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $220,000 |
| Median Household Income | $56,700 |