Greensboro, NC—27407
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 $238,000, with a year-over-year change of -0.6%. 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 | $238,000 | -0.6% |
| Single Family | $244,000 | 0.0% |
| Condos | $165,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | -2.3% |
3 Bed | $241,000 | -0.4% |
4 Bed | $367,000 | 0.5% |
| 5 Bed | $189,000 | -3.6% |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,590, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Greensboro, NC is 1-bedrooms: $1,080, 2-bedrooms: $1,200, 3-bedrooms: $1,780, 4-bedrooms: $2,260. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 50.0% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,080 |
| 2 Bed Rent | $1,100 | $1,200 |
| 3 Bed Rent | $1,800 | $1,780 |
| 4 Bed Rent | $2,280 | $2,260 |
% 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 62. This is a increase of 59.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | 18.0% |
Listing Count | 135 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 62 | 59.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 52,600, which has increased by 4.6% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 35.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,600 | 4.6% |
% Under 18 | 21.6% | -8.5% |
% Seniors | 12.8% | 5.8% |
% WFH | 12.4% | 188.4% |
% w/ College Degree | 35.2% | 11.7% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly black area, with 42.2% of the population identifying as black. The black population has grown by 27.1% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is white, making up 31.7% of the population. Foreign-born residents account for 19.7% of the population in Greensboro, NC, and this percentage has increased by 7.1% 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 | 31.7% | -18.7% |
% Black | 42.2% | 27.1% |
% Hispanic | 11.1% | -24.5% |
% Asian | 11.2% | 21.7% |
% Foreign Born | 19.7% | 7.1% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 638 mortgage originations in Greensboro, NC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Greensboro, NC. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 638 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Greensboro, NC
As of 2024, the percent of homes in Greensboro, NC under the Section 8 program is 7.1%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Greensboro, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 819 |
Total Units Section 8 | 819 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,020 | $1,090 |
| 2 Bedroom | $110 | $1,100 | $1,210 |
| 3 Bedroom | -$260 | $1,800 | $1,540 |
| 4 Bedroom | -$550 | $2,280 | $1,730 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $238,000 |
| Median Household Income | $59,300 |