Greensboro, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greensboro Neighborhoods Since 2000




Greensboro, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Greensboro Housing Market Information

With 2,387 people, 1,040 houses or apartments, and a median cost of homes of $87,623, house prices in Greensboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Greensboro, accounting for 57.05% of the city's housing units. Other types of housing that are prevalent in Greensboro include mobile homes or trailers ( 15.11%), large apartment complexes or high rise apartments ( 14.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.16%).

The most prevalent building size and type in Greensboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.43% owning and 53.57% renting.

There is a lot of housing in Greensboro built from 1970 to 1999 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 between 1940-1969 ( 38.20%). A lesser amount of the housing stock also hails from before 1939 ( 10.19%). There's also some housing in Greensboro built between 2000 and later ( 2.12%).

Vacant housing appears to be an issue in Greensboro. Fully 11.71% of the housing stock is classified as vacant. Left unchecked, vacant Greensboro homes and apartments can be a drag on the real estate market, holding Greensboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Greensboro Home Appreciation Rates

Appreciation rates for homes in Greensboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.61%, which ranks in the top 30% nationwide. This equates to an annual average Greensboro house appreciation rate of 1.01%.

Over the last year, Greensboro appreciation rates have trailed the rest of the nation. In the last twelve months, Greensboro's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greensboro were at 2.51%, which equates to an annual appreciation rate of 10.41%.

Relative to Alabama, our data show that Greensboro's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$87,623

Greensboro, AL HOME PRICES

Value Range
> $1,093,000 1.5
$819,001 - $1,093,000 0.0
$546,001 - $819,000 1.5
$437,001 - $546,000 0.8
$328,001 - $437,000 2.1
$219,001 - $328,000 6.5
$109,001 - $219,000 23.3
$55,001 - $109,000 32.9
$0 - $55,000 31.5

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
86.3985010832016 66.25

Number Of Homes And Apartments:
1,040

Greensboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
41.92% 2.02% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$530 / per month

Homeownership Rate

Homeownership
Owners 46.43
Renters 53.57
Vacant 11.71

Housing Market Details

 

Age of Homes

AGE OF Greensboro HOMES
2000 or Newer 2.1
1970 - 1999 49.5
1940 - 1969 38.2
1939 or Older 10.2

Types of Homes

TYPE OF Greensboro HOMES
Single-Family 57.0
Townhomes 0.0
Small Apt. Buildings 13.2
Apt. Complexes 14.7
Mobile Homes 15.1
Other 0.0

Home Size

SIZE OF Greensboro HOMES
No Bedroom 2.12
1 Bedroom 10.27
2 Bedrooms 27.84
3 Bedrooms 49.66
4 Bedrooms 8.57
5 or more bedrooms 1.53

Popular Neighborhoods in Greensboro

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Zip Codes in Greensboro, AL