Greensboro, NC—27455
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 $361,000, with a year-over-year change of 1.3%. This indicates that home prices in Greensboro, NC are increasing. 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 | $361,000 | 1.3% |
| Single Family | $368,000 | 1.7% |
| Condos | $231,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 2.4% |
3 Bed | $304,000 | 1.7% |
4 Bed | $537,000 | 2.5% |
| 5 Bed | $624,000 | 1.8% |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $2,010, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Greensboro, NC is 1-bedrooms: $1,130, 2-bedrooms: $1,860, 3-bedrooms: $1,920, 4-bedrooms: $2,800. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 36.9% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,130 |
| 2 Bed Rent | $1,500 | $1,860 |
| 3 Bed Rent | $1,880 | $1,920 |
| 4 Bed Rent | $2,800 | $2,800 |
% 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 decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter 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 | $448,000 | -6.0% |
Listing Count | 160 | 13.0% |
| Listings as % of Homes | 0.8% | 13.0% |
Days on Market | 51 | -12.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 29,400, which has increased by 1.3% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 1.3% |
% Under 18 | 21.5% | -0.9% |
% Seniors | 17.0% | 3.0% |
% WFH | 17.8% | 263.3% |
% w/ College Degree | 53.9% | 1.3% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly white area, with 62.0% of the population identifying as white. The white population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is black, making up 24.0% of the population. Foreign-born residents account for 8.3% of the population in Greensboro, NC, and this percentage has increased by 15.3% 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 | 62.0% | -11.0% |
% Black | 24.0% | 3.9% |
% Hispanic | 4.4% | 46.7% |
% Asian | 4.9% | 133.3% |
% Foreign Born | 8.3% | 15.3% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 603 mortgage originations in Greensboro, NC, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Greensboro, NC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 603 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Greensboro, NC
As of 2024, the percent of homes in Greensboro, NC under the Section 8 program is 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 | 61 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,080 | $1,170 |
| 2 Bedroom | -$200 | $1,500 | $1,300 |
| 3 Bedroom | -$230 | $1,880 | $1,650 |
| 4 Bedroom | -$940 | $2,800 | $1,860 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $361,000 |
| Median Household Income | $93,800 |