Greensboro, NC is an excellent place to purchase a home due to its low housing median value of $229,900 compared to the US House Median Value of $338,100. Furthermore, the 1 year house appreciation in Greensboro is an impressive 17.33%, significantly higher than the US 1 year House Appreciation rate of 8.27%. This indicates that purchasing a home in Greensboro can be an excellent long-term investment.
The median home cost in Greensboro is $229,900. Home appreciation the last 10 years has been 84.7%. Home Appreciation in Greensboro is up 19.6%.
Average Age of Homes
- The median age of Greensboro real estate is 35 years old
The Rental Market in Greensboro
- Renters make up 43.1% of the Greensboro population
- 3.5% of houses and apartments in Greensboro, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.