Thinking about moving to Greensboro?
You’ll be in good company. Between 2010 and 2016, more than 17,361 people have moved to Greensboro, an increase of 6.4%. New residents are attracted to Greensboro’s gorgeous views, antique shops, golf, history, and roller derby.
Living
Greensboro is home to 287,027 Greensburghers. With an area of 126.5 square miles, Greensboro has a population density of 2,269 persons per square mile, which makes it less dense than many other cities of comparable size.
The Greensboro-High Point, NC Metropolitan Statistical Area boasts a population of 756,139 people, of which Greensboro proper’s population makes up 38%.
Housing
One of Greensboro’s greatest strengths is its relatively affordable housing market. The median home value in Greensboro is $128,700, -36% below the US median value, according to Zillow. The median price per square foot in Greensboro is $88. Over the past 5 years, home values in Greensboro have increased by 3%.
Renters in Greensboro will also have an easy time finding affordable housing. The median rent in Greensboro is $997 per month, which is 30% lower than the US median. Over the past year, rental rates in Greensboro have increased by 1.5%.
Economy
Greensboro’s economy has been a bit sluggish over the past few years. The Greensboro metro area’s GDP grew by 13% between 2011 and 2016, from $35.4 billion in 2011 to $39.9 billion in 2016, a total increase of $4.5 billion. The metro area has a per capita GDP of $52,826. According to the US Census Bureau, the median household income in Greensboro is $43,836, 26% lower than the national median. Greensboro’s unemployment rate is 4.5%.