The housing market in 27408 Greensboro, NC is currently experiencing considerable growth. The median value of homes in the area is $296,500 which is lower than the U.S. median value of $338,100. However, the 1 year house appreciation rate in 27408 Greensboro, NC is much higher than the national average at 17.34%. This indicates that housing prices are increasing quickly and homeowners may see a considerable return on their investments if they decide to sell soon. This rapid appreciation rate is an attractive feature for potential buyers as it signals a strong and steady rise in property values over time.
The median home cost in Greensboro (zip 27408) is $296,500. Home appreciation the last 10 years has been 84.6%. Home Appreciation in Greensboro (zip 27408) is up 19.5%.
Average Age of Homes
- The median age of Greensboro (zip 27408) real estate is 52 years old
The Rental Market in Greensboro (zip 27408)
- Renters make up 25.2% of the Greensboro (zip 27408) population
- 1.5% of houses and apartments in Greensboro (zip 27408), 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.