The story of this market
The typical home in ZIP 27220 sells for about $284,845, or $175 per square foot.
Prices are up +1.8% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,415 a month.
ZIP 27220
The Greensboro housing market remains somewhat competitive, characterized by steady demand and a moderate pace of sales. While inventory levels are tight, the market is showing resilience with modest year-over-year price growth. Buyers are finding a balanced environment, though affordability remains a key factor for many in the current interest rate climate.
This area is well-suited for families seeking suburban amenities, professionals working in the Piedmont Triad's growing industries, and students attending local universities. It offers a balanced cost of living compared to larger national metros.
Median prices moved up 1.8% year over year.
Homes spend a median of 41 days on market with 2.6 months of supply — a fast-moving market.
32% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 24.5% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 27401, Greensboro NC
Greensboro experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern. Local law enforcement continues to focus on community-based initiatives to address these trends.
The area is served by the Guilford County Schools district, which offers a mix of magnet, traditional, and specialty schools. Performance varies significantly by school, with several institutions receiving high marks for academic growth and college readiness.
The region faces moderate risks from severe thunderstorms and occasional flooding in low-lying areas near water bodies. Wildfire risk is generally low, and the area is inland, reducing direct hurricane impact, though remnants of tropical systems can bring heavy rain and wind.
Greensboro serves as a major hub for the Piedmont Triad, with significant economic momentum driven by the logistics, manufacturing, and higher education sectors. Major infrastructure projects and corporate expansions continue to bolster the local economy.
Property taxes are levied by both Guilford County and the City of Greensboro, with rates determined by annual assessments. Special districts for fire, water, and school services may apply depending on the specific parcel location.
Residents typically rely on personal vehicles for commuting, with easy access to major corridors like I-40, I-85, and I-73. Public transit options are available through the Greensboro Transit Agency, though coverage is most robust in the urban core.
The area features an extensive park system, including the Greensboro Arboretum and Country Park, alongside numerous greenways and trails. Shopping and dining are concentrated in areas like Friendly Center and the revitalized downtown district.
The rental market remains competitive with steady demand, particularly for multi-family units near the city center and university campuses. Rent growth has been moderate, reflecting a balance between new supply and consistent population inflow.
The economy is anchored by healthcare, education, and logistics, with major employers including Cone Health, Volvo Group, and several regional universities. The area benefits from its central location in the Piedmont Triad.
The city is served by a network of interstate highways and the Piedmont Triad International Airport, facilitating regional and national connectivity.
Ongoing urban revitalization projects in the downtown area and expansion of the greenway system are key components of the city's current development pipeline.
The Guilford County Tax Department conducts periodic revaluations to ensure property assessments align with current market values.
Parcels may be subject to municipal taxes, school district levies, and specific utility district assessments for water and sewer services.
Property insurance premiums are influenced by regional weather patterns, with standard coverage typically including protection against wind and hail damage.
Data retrieved from data.census.gov for ZCTA 27401.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Silver Plume Rentals512.7 mi
- St. Elmo, CO4.712 mi
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Cottonwood Pass57.1 mi
- Taylor Park Marina4.83.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A 17-acre garden featuring diverse plant collections and walking paths.
A major open-air shopping and dining destination.
Large recreational area with lakes, trails, and playgrounds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.