Greensboro, NC

Population: 279,639
Average annual home appreciation rate: 3.49%
Total of homes for sale in this market: 878
Median home price: $147,666
Median Rent: $818 per room
Home price range: 45.39% of homes are between $100,001 – $200,000
Median sales price: $40,000
Number of homes: 806
Median foreclosure sales price: $71,000
Foreclosure discount: N/A
Most common home type: 54.50% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.32%
Number of renters: 49.11%
Number of owner occupied: 50.89%
Number people living below poverty level: 20.29%
Unemployment rate: 5.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Greensboro area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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