Greensboro real estate market overview
- Average Monthly Rent: $1,239
- Home Price/Value Percentage Change: 9.50%
- Median Home Value: $239,775
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 48
- Job Market: Weak
- Public School Ranking: 29
Location and weather
Greensboro lies in the northwest-central region of North Carolina, 30 miles from the Virginia border. It is North Carolina's third most populous city and is a major sport, art, educational and cultural hub. The dense suburban feel here attracts many young professionals and families. Its location is also at the intersection of two major interstate highways, giving residents easy access to neighbouring cities.
The weather in Greensboro is mainly warm, but winters can reach lows in the 30s. There's an average of 5 inches of snow per year, and the most pleasant months are in May, September, and October.
Population, job market and cost of living
Greensboro has a population of 307,846, with a growth rate of 0.96% annually.
The job market has decreased by -7.57% over the last year. In ten years, job growth is predicted to be 31.49%. Greensboro has always been a major centre for the textile industry, but other industries such as trade, transportation, manufacturing, education, and health services are now flourishing here. Corporations such as Volvo, Honda Aircraft Company, Fresh Market, Wrangler are some of the many companies headquartered here.
Life in Greensboro is affordable, with both lower overall living costs and lower housing costs than the North Carolina and US averages.
Greensboro real estate market details
- Starmount Forest
- Green Valley
- Old Irving Park
- Adams Farm
There has been a 9.5% increase in median home value over the last year. As of 2023, the median home value is $239,775.
Home sales in the month of May will provide homeowners with the highest compensation for their homes. Home sales in the months of May provide homeowners with an expedited sale.
The affordability index in Greensboro is 83. This number indicates moderate affordability in this city.
The top ranked public schools are Greensboro Academy, Cornerstone Charter Academy: A Challenge Foundation Academy, Kernodle Middle School, Northern Guilford Middle School, The Early College at Guilford College and Stem Early College. This information is based on data measuring academic performance and equity.