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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,603 people, 1,526 houses or apartments, and a median cost of homes of $145,262, 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 57.98% of the city's housing units. Other types of housing that are prevalent in Greensboro include large apartment complexes or high rise apartments ( 15.71%), mobile homes or trailers ( 14.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.25%).
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.
Greensboro homes and real estate are some of the newest in America. 30.00% of Greensboro's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Greensboro real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.48%), and between 1940-1969 ( 23.25%). There's also some housing in Greensboro built before 1939 ( 19.26%).
Greensboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greensboro during the period has been just 5.26%, which is lower than 70% of US communities.
Appreciation rates are so strong in Greensboro that despite a nationwide downturn in the housing market, Greensboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greensboro appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 73.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greensboro. Greensboro appreciation rates in the latest quarter were at 1.22%, which equates to an annual appreciation rate of 4.98%.
Relative to Georgia, our data show that Greensboro's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
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 2000, to assist you in making the best Greensboro real estate investment or home purchase decisions.
$145,262
for Georgia
for nation
1,526
$1,140 / per month