Greensboro, NC—27405
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 $212,000, with a year-over-year change of -0.7%. This indicates that home prices in Greensboro, NC are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | -0.7% |
| Single Family | $213,000 | -0.5% |
| Condos | $191,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $129,000 | 1.6% |
2 Bed | $148,000 | -1.3% |
3 Bed | $218,000 | 0.0% |
4 Bed | $294,000 | 0.3% |
| 5 Bed | $155,000 | -12.9% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 53. This is a increase of 10.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $281,000 | 6.0% |
Listing Count | 170 | 28.0% |
| Listings as % of Homes | 0.4% | 28.0% |
Days on Market | 53 | 10.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,500 | 7.2% |
% Under 18 | 28.1% | 4.1% |
% Seniors | 10.9% | -8.4% |
% WFH | 9.6% | 100.0% |
% w/ College Degree | 22.6% | 17.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $212,000 |
| Median Household Income | $46,500 |