Greensboro, NC—27403
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 $232,000, with a year-over-year change of -1.1%. This indicates that home prices in Greensboro, NC are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | -1.1% |
| Single Family | $241,000 | -0.8% |
| Condos | $144,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | -1.8% |
3 Bed | $241,000 | -0.8% |
4 Bed | $495,000 | 0.6% |
| 5 Bed | $285,000 | -1.7% |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,290, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in Greensboro, NC is studios: $850, 1-bedrooms: $943, 2-bedrooms: $1,270, 3-bedrooms: $1,550, 4-bedrooms: $1,760. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 41.9% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,290 |
| Studio Rent | $705 | $850 |
| 1 Bed Rent | $895 | $943 |
| 2 Bed Rent | $1,200 | $1,270 |
| 3 Bed Rent | $1,500 | $1,550 |
| 4 Bed Rent | $1,900 | $1,760 |
% 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 37. This is a decrease of -13.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 5.0% |
Listing Count | 75 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 37 | -13.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 20,700, which has decreased by -8.4% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 47.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | -8.4% |
% Under 18 | 16.2% | 22.7% |
% Seniors | 11.6% | 24.7% |
% WFH | 13.3% | 129.3% |
% w/ College Degree | 47.5% | 8.0% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly white area, with 51.8% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is black, making up 25.5% of the population. Foreign-born residents account for 10.3% of the population in Greensboro, NC, and this percentage has increased by 24.1% 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 | 51.8% | -14.7% |
% Black | 25.5% | -5.9% |
% Hispanic | 13.7% | 144.6% |
% Asian | 5.4% | 35.0% |
% Foreign Born | 10.3% | 24.1% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 226 mortgage originations in Greensboro, NC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Greensboro, NC. Investor activity is low, as 6.0% 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 | 226 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% 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 4.4%. 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 | 168 |
Total Units Section 8 | 168 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $895 | $1,030 |
| 2 Bedroom | -$60 | $1,200 | $1,140 |
| 3 Bedroom | -$50 | $1,500 | $1,450 |
| 4 Bedroom | -$270 | $1,900 | $1,630 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $232,000 |
| Median Household Income | $56,700 |