Greensboro, NC—27410
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 $353,000, with a year-over-year change of 0.9%. This indicates that home prices in Greensboro, NC are flat. 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 | $353,000 | 0.9% |
| Single Family | $370,000 | 1.1% |
| Condos | $179,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $149,000 | -2.0% |
2 Bed | $206,000 | -0.5% |
3 Bed | $324,000 | 0.6% |
4 Bed | $454,000 | 0.9% |
| 5 Bed | $566,000 | 1.6% |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,890, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Greensboro, NC is 1-bedrooms: $1,250, 2-bedrooms: $1,490, 3-bedrooms: $2,080, 4-bedrooms: $2,460. The most common rental property sizes in Greensboro, NC are 2-bedroom and 1-bedroom, accounting for 43.6% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,420 | $1,490 |
| 3 Bed Rent | $2,000 | $2,080 |
| 4 Bed Rent | $2,400 | $2,460 |
% 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 44. This is a increase of 30.0% 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 | $380,000 | -2.0% |
Listing Count | 208 | 26.0% |
| Listings as % of Homes | 0.4% | 26.0% |
Days on Market | 44 | 30.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 54,300, which has decreased by -2.2% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 56.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,300 | -2.2% |
% Under 18 | 20.4% | 13.3% |
% Seniors | 19.7% | 2.1% |
% WFH | 16.8% | 147.1% |
% w/ College Degree | 56.5% | 3.9% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly white area, with 68.0% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is black, making up 14.9% of the population. Foreign-born residents account for 11.0% of the population in Greensboro, NC, and this percentage has increased by 5.8% 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 | 68.0% | -7.1% |
% Black | 14.9% | 0.0% |
% Hispanic | 7.3% | 30.4% |
% Asian | 5.2% | 10.6% |
% Foreign Born | 11.0% | 5.8% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 1163 mortgage originations in Greensboro, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Greensboro, NC. Investor activity is low, as 2.0% 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 | 1,163 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 2.1%. 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 | 198 |
Total Units Section 8 | 182 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,200 | $1,280 |
| 2 Bedroom | $0 | $1,420 | $1,420 |
| 3 Bedroom | -$190 | $2,000 | $1,810 |
| 4 Bedroom | -$370 | $2,400 | $2,030 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $353,000 |
| Median Household Income | $84,200 |