Greensboro, NC—27409
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 $198,000, with a year-over-year change of -1.8%. 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 | $198,000 | -1.8% |
| Single Family | $267,000 | 0.0% |
| Condos | $153,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | -2.4% |
3 Bed | $268,000 | -0.4% |
4 Bed | $437,000 | 1.4% |
| 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 $1,430, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Greensboro, NC is studios: $1,650, 1-bedrooms: $1,190, 2-bedrooms: $1,350, 3-bedrooms: $1,750, 4-bedrooms: $2,620. The most common rental property sizes in Greensboro, NC are 2-bedroom and 1-bedroom, accounting for 45.6% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,430 |
| Studio Rent | $1,380 | $1,650 |
| 1 Bed Rent | $1,120 | $1,190 |
| 2 Bed Rent | $1,300 | $1,350 |
| 3 Bed Rent | $1,800 | $1,750 |
| 4 Bed Rent | $2,550 | $2,620 |
% 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 51. This is a increase of 29.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $196,000 | 14.0% |
Listing Count | 44 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 51 | 29.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 16,900, which has decreased by -3.5% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | -3.5% |
% Under 18 | 18.8% | -11.7% |
% Seniors | 14.1% | 29.4% |
% WFH | 6.7% | 26.4% |
% w/ College Degree | 38.5% | 5.8% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly black area, with 42.4% of the population identifying as black. The black population has grown by 20.5% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is white, making up 40.0% of the population. Foreign-born residents account for 14.0% of the population in Greensboro, NC, and this percentage has decreased by 14.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.0% | -11.1% |
% Black | 42.4% | 20.5% |
% Hispanic | 7.8% | 14.7% |
% Asian | 2.8% | -72.8% |
% Foreign Born | 14.0% | -14.6% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 374 mortgage originations in Greensboro, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 374 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% 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 4.0%. 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 | 272 |
Total Units Section 8 | 272 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 84.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,120 | $1,080 |
| 2 Bedroom | -$100 | $1,300 | $1,200 |
| 3 Bedroom | -$270 | $1,800 | $1,530 |
| 4 Bedroom | -$830 | $2,550 | $1,720 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $198,000 |
| Median Household Income | $57,900 |