Greensboro, North Carolina Housing Market Prices
Greensboro Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 22% below the North Carolina median$216,763
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Median rent 6% below the North Carolina median$1,157
Housing Market Overview
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,763 | $278,288 | $248,835 |
| Price Trend (Annual %) | 11.5% | 9.3% | 7.5% |
| Median Gross Rent | $1,157 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greensboro is about 22% lower than in North Carolina. Rent is about 6% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greensboro, up about 11.5% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Greensboro rose about 51.8% between 2015 and 2024, from $762 to $1,157. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Greensboro.
Buying the median-priced home in Greensboro costs roughly 15.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greensboro. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,763 | $278,288 | $248,835 |
| Median Household Income | $61,568 | $72,438 | $80,455 |
| Price-to-Income Ratio | 3.5 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greensboro rose about 88.5%, while median household income rose about 39.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.8% | 58.3% | 58.5% |
| Rental Rate | 44.5% | 29.2% | 31.2% |
| Vacancy Rate | 8.7% | 12.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Greensboro has a homeownership rate of 46.8%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 8.7%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Greensboro | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Greensboro was built around 1981. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Greensboro, North Carolina.
What is the median home price in Greensboro, North Carolina?
The median home price in Greensboro, North Carolina is $216,763, lower than the North Carolina average of $278,288.
What is the average home price in Greensboro, North Carolina?
The typical home price in Greensboro, North Carolina, reported as the median sale price, is $216,763. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Greensboro, North Carolina?
The median gross rent in Greensboro, North Carolina is $1,157 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Greensboro in 2020?
In 2020, the median gross rent in Greensboro, North Carolina was $886 per month.
What is the price-to-rent ratio in Greensboro, North Carolina?
The price-to-rent ratio in Greensboro, North Carolina is about 15.6, meaning it would take roughly 15.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greensboro.
Are home prices or rent rising faster in Greensboro, North Carolina?
Both home prices and rent are rising in Greensboro, up about 11.5% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greensboro, North Carolina?
46.8% of households in Greensboro, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Greensboro, North Carolina?
The housing vacancy rate in Greensboro, North Carolina is 8.7%, lower than the North Carolina average of 12.5%.
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