Rent to own Homes in Greensboro, NC
Greensboro is North Carolina's 3rd largest city, but most residents describe their home as more "small-town than big city." The original Civil Rights sit-in started in Greensboro, at a local Woolworth's, making the city a household name in February 1960. North Carolina is known for its southern charm, something you'll find plenty of in Greensboro. Picturesque Greensboro features a unique design that plants longstanding historical buildings next to modern skyscrapers. This blend of classic meets contemporary always leaves room for a grassy field or lush garden. With amenities around every corner, it's no wonder some visitors never want to leave. Greensboro is a city that welcomes visitors and new residents with open arms.
Greensboro, NC is a great place for affordable rent-to-own homes! With a median household income of over $49,492 and a median rent of $893, the Greensboro, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Greensboro, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Greensboro, NC Property Resources
Rent to own Homes in Cities Near Greensboro, NC
- Advance
- Archdale
- Belews Creek
- Bermuda Run
- Bethania
- Clemmons
- Colfax
- Cooleemee
- Denton
- East Spencer
- Faith
- Farmington
- Gold Hill
- Granite Quarry
- Greensboro
- High Point
- Hillsdale
- Jamestown
- Kernersville
- Lewisville
- Lexington
- Linwood
- Midway
- Mocksville
- Pfafftown
- Rockwell
- Rural Hall
- Salisbury
- Sophia
- Southmont
- Spencer
- Thomasville
- Tobaccoville
- Trinity
- Tyro
- Walkertown
- Wallburg
- Welcome
- Winston-Salem
- Woodleaf
- Yadkin College
Neighborhoods in Greensboro, NC
Eastside Park rent to own homes Harbor rent to own homes Heath Community rent to own homes Idlewood rent to own homes College Hill rent to own homes Arlington Park rent to own homes Asheboro Community rent to own homes Battlefield rent to own homes Beechcroft rent to own homes Bellwood Village rent to own homesBuying a Home in Greensboro, NC
Greensboro, NC is seeing rapid growth and Greensboro, NC's' housing market remains optimal with an average home price that is -25% below the 2024 national average. Greensboro, NC is part of Guilford county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Guilford is 0.97% which is below the national average, which is 0.99%.
Median Home Price in Greensboro, NC
Median Rent in Greensboro, NC
Average Cost of Living in Greensboro
The cost of living for a family of four is $3,305 and $927 for a single person. These numbers are below the national average, where a family will spend, on average, $4425.33 a year, and a single person will spend about $3,189.
Average Home Prices in Greensboro
The average home price in Greensboro, NC, is $230,000, below the national average of $295,300.
Greensboro Statistics
If you're interested in Greensboro rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Greensboro statistics compared to the U.S. national average.
| Greensboro Averages | National Averages | |
|---|---|---|
| One-Way Commute | 20.8 minutes | 27.1 minutes |
| Violent Crime | 26.0 | 22.7 |
| Property Crime | 52.8 | 35.4 |
| Unemployment Rate | 4.9% | 4.7% |
| Income Tax Rate | 5.5% | 4.6% |
| Air Quality | AQI 41 | AQI 41 |
| Water Quality | Safe | Safe |
| Median Household Income | $53,833 | $79,900 |
| Median Property Taxes | $1,752 | $2,471 |
| Utilities | $151.26 | $171.67 |
| Monthly Rent | $1,075 | $1,098 |
| Median Home Cost | $230,000 | $295,300 |
| Median Home Age | 34.4 years | 37 years |
Housing Statistics
The average Greensboro single-family home costs between $100,000 and $149,999. The overall median home value is $133,023, according to the local government. Compared to the rest of the country, this is a moderate or fair price to pay for a new home. In fact, the average yearly income of a Greensboro resident is around $40,000. More than half of Greensboro residents own their homes. Almost 45% of residents rent their homes, taking advantage of Greensboro's low rental costs. Some new residents choose Greensboro's popular rent to own houses, when selecting a new home to move into. With nearly 12% of properties unoccupied, would-be residents will find there's plenty of space to play house.
Nightlife
Greensboro may have the visual appeal of a small town, but its nightlife is as vibrant as any big city's bar scene. For the drinker who dabbles in history, there's the Old Town Draught House. Serving up cheap beer, good sandwiches and intelligent conversation, the Draught House is popular with students and professors. M'coul's Public House isn't just for the city's Irish residents. It's also a great place for fans of scotch and fiddle music.
Historic Locations
Greensboro is located in North Carolina's heartland, an area that is famous for its role in the Civil Rights movement. Greensboro is home to the International Civil Rights Center and Museum, an archival center that can be visited by anyone and is open most days of the week. Stop in to view the museum's 30,000 square feet of exhibitions. The museum itself is an important Civil Rights Movement location. Formally a Woolworth's, the museum is the site of the country's most famous sit-in.
Greensboro's Neighborhoods
Before moving anywhere, it's important to familiarize yourself with the city's different neighborhoods. Although Greensboro is home to several small, friendly neighborhoods, it can get a bit confusing at times where one neighborhood starts and another one ends. Instead, there are four key areas to keep in mind in Greensboro, many of which are separated by different landmarks and institutions.
Greensboro, NC Frequently Asked Questions
The average cost of a home in Greensboro, NC, is $230,000, which is below the national average of $295,300.
Greensboro has one of the highest crime rates in the US compared to other American cities of the same size. One's chances of becoming the victim of a crime are 1 in 22.
No, Greensboro is 120 miles from the mountains and 200 miles from the beach.