Greensboro, NC—27408
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 $340,000, 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 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 | $340,000 | 0.7% |
| Single Family | $350,000 | 1.2% |
| Condos | $208,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 1.0% |
3 Bed | $305,000 | 0.7% |
4 Bed | $586,000 | 2.1% |
| 5 Bed | $836,000 | 1.7% |
% of Housing Stock
Rental Trends — Greensboro, NC
As of July '25, Rentcast reports the average rent in Greensboro, NC is $1,680, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Greensboro, NC is studios: $1,890, 1-bedrooms: $1,090, 2-bedrooms: $1,480, 3-bedrooms: $1,990, 4-bedrooms: $2,130. The most common rental property sizes in Greensboro, NC are 2-bedroom and 3-bedroom, accounting for 51.0% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | $875 | $1,890 |
| 1 Bed Rent | $1,020 | $1,090 |
| 2 Bed Rent | $1,400 | $1,480 |
| 3 Bed Rent | $1,800 | $1,990 |
| 4 Bed Rent | $2,110 | $2,130 |
% 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 49. This is a decrease of -16.0% 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 | $434,000 | -5.0% |
Listing Count | 101 | 15.0% |
| Listings as % of Homes | 0.6% | 15.0% |
Days on Market | 49 | -16.0% |
Demographics — Greensboro, NC
As of the latest ACS Survey released in 2023, Greensboro, NC has a population of 16,200, which has decreased by -10.3% over the past 5 years. Greensboro, NC is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 64.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,200 | -10.3% |
% Under 18 | 19.7% | -0.5% |
% Seniors | 22.3% | 8.8% |
% WFH | 13.9% | 51.1% |
% w/ College Degree | 64.7% | 8.2% |
As of the latest ACS Survey released in 2023, Greensboro, NC is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Greensboro, NC is black, making up 8.5% of the population. Foreign-born residents account for 5.1% of the population in Greensboro, NC, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.2% | -1.7% |
% Black | 8.5% | -3.4% |
% Hispanic | 3.2% | 14.3% |
% Asian | 1.7% | 6.2% |
% Foreign Born | 5.1% | -5.6% |
Mortgage and Risk — Greensboro, NC
According to HUD data as of 2023, there were 347 mortgage originations in Greensboro, NC, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 21.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 | 18 |
Total Units Section 8 | 18 |
% 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 | $80 | $1,020 | $1,100 |
| 2 Bedroom | -$180 | $1,400 | $1,220 |
| 3 Bedroom | -$250 | $1,800 | $1,550 |
| 4 Bedroom | -$360 | $2,110 | $1,750 |
Affordability — Greensboro, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $340,000 |
| Median Household Income | $89,500 |