Mortgage payment estimates, closing cost breakdowns, and homebuying data for Greensboro, North Carolina.
Median Home Price
$265K
Population
299K
Avg Monthly Rent
$1,180
Property Tax Rate
0.78% *
* Property tax shown is the North Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Greensboro.
Greensboro vs North Carolina Median
The median home price in Greensboro is $265,000, which is 22% below the North Carolina state median of $340,000.
Mortgage Calculator — Greensboro, NC
Pre-filled with Greensboro median home price and North Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using North Carolina's 0.78% tax rate and $2,300/yr insurance.
5% Down
$2,102/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $172
Insurance: $192
PMI: $147
10% Down
$2,011/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $172
Insurance: $192
PMI: $139
20% Down (No PMI)
$1,704/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $172
Insurance: $192
Income needed (28% rule): $73K/year with 20% down, $86K/year with 10% down.
Rent vs Buy in Greensboro
Rent
$1,180/mo
vs
Buy (10% down)
$2,011/mo
Price-to-rent ratio: 18.7 — A ratio between 15-20 means the rent vs buy decision in Greensboro depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Greensboro is $265,000, 22% below the North Carolina state median of $340,000. With a population of 299,035, Greensboro is a mid-size city where home prices tend to be more accessible than in many parts of North Carolina.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $265,000 home in Greensboro would carry roughly $172/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Greensboro is $1,180/month. The price-to-rent ratio in Greensboro is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Greensboro presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Greensboro.