Greensboro, MD is an attractive place to live for many due to its relatively low median housing value of $257,400. This is significantly lower than the US House Median Value of $338,100 and provides locals with more affordable housing options. In addition, Greensboro also offers a higher 1 year House Appreciation rate of 9.21% compared to the US 1 year House Appreciation rate of 8.27%. As a result, Greensboro is an ideal area for people looking for reasonably priced housing in a location with potential for appreciation.
The median home cost in Greensboro is $257,400. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Greensboro is up 14.5%.
Average Age of Homes
- The median age of Greensboro real estate is 40 years old
The Rental Market in Greensboro
- Renters make up 31.5% of the Greensboro population
- 0.8% 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.