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Greensboro, NC—27405

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$222,000
0.3% YoY Growth
Household Income
$46,500
27.5% YoY Growth
Days on Market
51
14.0% Longer YoY
Home Price Forecast
0.4%
Median Rent
$1,550
2.6% YoY Growth
1-Bed Rent
$795
3.8% YoY Growth
2-Bed Rent
$1,080
5.8% YoY Growth
3-Bed Rent
$1,720
0.6% YoY Growth

Other Zip Codes in Greensboro, NC

2740627401274072745527408274092741027403
  • 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 $222,000, with a year-over-year change of 0.3%. This indicates that home prices in Greensboro, NC are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$222,0000.3%
Single Family $223,0000.9%
Condos $192,000-1.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $128,000
    -3.8%
    2 Bed
    		$151,000-0.7%
    3 Bed
    		$225,0000.9%
    4 Bed
    		$299,0001.0%
    5 Bed $184,378N/A
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    % of Housing Stock

    Studio
    2.8%
    1 Bedroom
    8.7%
    2 Bedrooms
    27.8%
    3 Bedrooms
    47.9%
    4 Bedrooms
    11.4%
    5+ Bedrooms
    1.3%

    Rental Trends — Greensboro, NC

    As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,490, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Greensboro, NC is studios: $765, 1-bedrooms: $738, 2-bedrooms: $1,090, 3-bedrooms: $1,650, 4-bedrooms: $1,960. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 38.6% and 35.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,550$1,490
    Studio Rent $765$765
    1 Bed Rent $795$738
    2 Bed Rent $1,080$1,090
    3 Bed Rent $1,720$1,650
    4 Bed Rent $1,950$1,960
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    % of Rental Stock

    Studio
    4.7%
    1 Bedroom
    14.3%
    2 Bedrooms
    38.6%
    3 Bedrooms
    35.0%
    4 Bedrooms
    6.4%
    5+ Bedrooms
    1.0%

    Property Listings — Greensboro, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Greensboro, NC is 51. This is a increase of 14.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$284,000-1.0%
    Listing Count
    		19621.0%
    Listings as % of Homes0.4%21.0%
    Days on Market
    		5114.0%
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    Demographics — Greensboro, NC

    As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 52,500, which has increased by 7.2% over the past 5 years. Greensboro, NC is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		52,5007.2%
    % Under 18
    		28.1%4.1%
    % Seniors
    		10.9%-8.4%
    % WFH
    		9.6%100.0%
    % w/ College Degree
    		22.6%17.7%
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    As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly black area, with 57.4% of the population identifying as black. The black population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is white, making up 20.3% of the population. Foreign-born residents account for 15.4% of the population in Greensboro, NC, and this percentage has increased by 24.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		20.3%-12.1%
    % Black
    		57.4%-0.3%
    % Hispanic
    		13.9%31.1%
    % Asian
    		3.9%-25.0%
    % Foreign Born
    		15.4%24.2%
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    Mortgage and Risk — Greensboro, NC

    According to HUD data as of 2023, there were 774 mortgage originations in Greensboro, NC, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		774
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		12.0%
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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 22.1%. This is considered high, suggesting that the neighborhood is heavily 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
    		2,346
    Total Units Section 8
    		2,236
    % Rentals under Section 8
    		22.1%
    % Occupied Section 8
    		82.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$145$795$940
    2 Bedroom-$20$1,080$1,060
    3 Bedroom-$370$1,720$1,350
    4 Bedroom-$430$1,950$1,520

    Affordability — Greensboro, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$222,000
    Median Household Income$46,500

    Greensboro, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Scott Park

    27411

    Greensboro, NC

    27401

    McLeansville, NC

    27301

    Greensboro, NC

    27408

    Sunset Hills

    27412

    Frequently Asked Questions