There are currently 97,691 real estate properties in Greensboro, NC, with a median automated valuation model (AVM) price of $248,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Greensboro, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Greensboro, NC, is $300,650.00, with the most expensive house in Greensboro, NC, topping out at $33,916,100.00 and the cheapest home in Greensboro, NC, clocking in at $17,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Greensboro, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Greensboro, NC, is on a rollercoaster ride. The average rent price in Greensboro, NC, is $1,214.00. Indeed, when looking to rent in Greensboro, NC, you can expect to pay as little as $500.00 or as much as $3,120.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Greensboro, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Greensboro, NC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Greensboro, NC and much more. Save thousands at closing with home foreclosure listings in Greensboro, NC — up to 75% off market value!
Greensboro is located in Guilford, North Carolina, with an estimated municipal population of 296,710 residents. All of the best foreclosed homes for sale in Greensboro are located in the following zip code areas on Foreclosure.com: 27410 27455 27214 27408 27409 27403 27401 27406 27407 27405 27402 27404 27411 27412 27413 27417 27420 27427 27429 27435 27438 27495 27497 27498 27499. The estimated population per square kilometer (.62 miles) in Greensboro is 887.
So, about how much do homes cost in Greensboro? The most recent median value of resident-owned homes in Greensboro is 156,222. An estimated 50.3 percent of households in Greensboro own their homes, with an average family size of 3.08. The median household income in Greensboro is 48,964, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Greensboro, the median commute time of resident workers (in minutes) is 21.2. And last, but certainly not least, are you looking for homes to rent in Greensboro? If so, the average rent price paid by renters in Greensboro is 877, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Greensboro, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Greensboro is 35.1, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Greensboro is 38.4, with an average family size of 3.08.
The percentage of residents who report their race in Greensboro is as follows:
|Black / African American||41.4%|
|American Indian / Alaskan Native||0.5%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Greensboro? Or maybe you are searching for 55+ active adult communities in and/or near Greensboro?
The percentage of residents who report their age in Greensboro is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Greensboro with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Greensboro.
How do you know that living in -- or moving to -- Greensboro is right where you need to be? Perhaps you grew up in Greensboro or already live nearby; therefore, the decision to buy a home in Greensboro is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Greensboro for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Greensboro:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Greensboro.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Greensboro can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Greensboro, meanwhile, can field multiple offers from more qualified buyers.
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