Greensboro appreciation rates and housing market information

Greensboro housing market information

With a population of 223,299, 99,133 total housing units (homes and apartments), and a median house value of $157,591, Greensboro real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Greensboro, accounting for 54.80% of the city's housing units. Other types of housing that are prevalent in Greensboro include large apartment complexes or high rise apartments (28.59%), duplexes, homes converted to apartments, or other small apartment buildings (9.35%), row houses and other attached homes (6.05%), and a few mobile homes or trailers (1.19%).

People in Greensboro primarily live in small (one, two, or no bedroom) single-family detached homes. Greensboro has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Greensboro built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greensboro built from 1940-1969 (35.90%). A lesser amount of the housing stock also hails from 1995 and later (12.13%), and some were built from 1939 and earlier (12.13%).

Greensboro home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Greensboro, where house values have increased just 34.87%, which is an average annual increase of 3.48%. NeighborhoodScout's data show that in the latest quarter, Greensboro house values appreciated 1.30%, which is an annualized rate of 5.20%. This rate is lower than the appreciation rate found in 20% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Greensboro home appreciation rates, at 0.29%, have been at or slightly above the national average. In the latest quarter, Greensboro's appreciation rate has been 1.30%, which annualizes to a rate of 5.20%.

Relative to North Carolina, our data show that Greensboro's latest annual appreciation rate is higher than 13% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greensboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greensboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Greensboro real estate investment or home purchase decisions.