Greensboro, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greensboro, AL Real Estate Data


Greensboro Housing Market Information

With 2,387 people, 1,040 houses or apartments, and a median cost of homes of $84,560, 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 8.23%, which ranks in the top 40% nationwide. This equates to an annual average Greensboro house appreciation rate of 0.79%.

NeighborhoodScout's data show that during the latest twelve months, Greensboro's appreciation rate, at 4.97%, has been at or slightly above the national average. In the latest quarter, Greensboro's appreciation rate has been -2.05%, which annualizes to a rate of -7.96%.

Notably, Greensboro's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Greensboro's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$84,560

Greensboro, AL HOME PRICES

Value Range
> $1,054,000 1.5
$790,001 - $1,054,000 0.0
$527,001 - $790,000 1.5
$421,001 - $527,000 0.8
$316,001 - $421,000 2.1
$211,001 - $316,000 6.5
$105,001 - $211,000 23.3
$53,001 - $105,000 32.9
$0 - $53,000 31.5

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
87.4897456931911 69.25

Number Of Homes And Apartments:
1,040

Rent & Ownership

 

Average Market Rent:
$504 / 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

Greensboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
36.92% 1.84% 7 4
* 10 is highest

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Zip Codes in Greensboro, AL