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Greensboro, NC—27408

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$353,000
0.8% YoY Growth
Household Income
$89,500
40.0% YoY Growth
Days on Market
43
44.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$1,600
9.2% YoY Growth
1-Bed Rent
$1,020
37.1% YoY Growth
2-Bed Rent
$1,400
1.3% YoY Growth
3-Bed Rent
$1,800
2.6% YoY Growth

Other Zip Codes in Greensboro, NC

2740627405274012740727455274092741027403
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Greensboro, NC

As of May '26, the median home price in Greensboro, NC is $353,000, with a year-over-year change of 0.8%. This indicates that home prices in Greensboro, NC are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$353,0000.8%
Single Family $364,0001.1%
Condos $210,000-0.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$214,0000.5%
    3 Bed
    		$317,0001.0%
    4 Bed
    		$606,0001.7%
    5 Bed $881,2822.8%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    4.3%
    2 Bedrooms
    22.7%
    3 Bedrooms
    38.4%
    4 Bedrooms
    23.3%
    5+ Bedrooms
    10.0%

    Rental Trends — Greensboro, NC

    As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,680, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Greensboro, NC is studios: $1,890, 1-bedrooms: $1,090, 2-bedrooms: $1,480, 3-bedrooms: $1,990, 4-bedrooms: $2,130. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 51.0% and 26.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,680
    Studio Rent $875$1,890
    1 Bed Rent $1,020$1,090
    2 Bed Rent $1,400$1,480
    3 Bed Rent $1,800$1,990
    4 Bed Rent $2,110$2,130
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    % of Rental Stock

    Studio
    2.4%
    1 Bedroom
    15.2%
    2 Bedrooms
    51.0%
    3 Bedrooms
    26.2%
    4 Bedrooms
    4.0%
    5+ Bedrooms
    1.2%

    Property Listings — Greensboro, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Greensboro, NC is 43. This is a increase of 44.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$545,00012.0%
    Listing Count
    		9617.0%
    Listings as % of Homes0.6%17.0%
    Days on Market
    		4344.0%
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    Demographics — Greensboro, NC

    As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 16,200, which has decreased by -10.3% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 64.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,200-10.3%
    % Under 18
    		19.7%-0.5%
    % Seniors
    		22.3%8.8%
    % WFH
    		13.9%51.1%
    % w/ College Degree
    		64.7%8.2%
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    As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is black, making up 8.5% of the population. Foreign-born residents account for 5.1% of the population in Greensboro, NC, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.2%-1.7%
    % Black
    		8.5%-3.4%
    % Hispanic
    		3.2%14.3%
    % Asian
    		1.7%6.2%
    % Foreign Born
    		5.1%-5.6%
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    Mortgage and Risk — Greensboro, NC

    According to HUD data as of 2023, there were 347 mortgage originations in Greensboro, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Greensboro, NC. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		347
    % Conventional Loans
    		88.0%
    % Government Loans
    		12.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Greensboro, NC

    As of 2024, the percent of homes in Greensboro, NC under the Section 8 program is 0.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Greensboro, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		18
    Total Units Section 8
    		18
    % Rentals under Section 8
    		0.9%
    % Occupied Section 8
    		80.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$80$1,020$1,100
    2 Bedroom-$180$1,400$1,220
    3 Bedroom-$250$1,800$1,550
    4 Bedroom-$360$2,110$1,750

    Affordability — Greensboro, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$353,000
    Median Household Income$89,500

    Greensboro, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Sunset Hills

    27412

    Greensboro, NC

    27403

    Scott Park

    27411

    Greensboro, NC

    27401

    Greensboro, NC

    27410

    Frequently Asked Questions