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Real Estate Around Greensboro North Carolina

By
Real Estate Technology with BoomTown

OK, Ive finally caught up enough to post about my local stomping grounds, Greensboro North Carolina.

Greensboro is located in the Piedmont Triad of North Carolina, smack in the middle of the state.  Real resonable real estate, great weather, low cost of living are just a few reasons to consider Greensboro NC as a home or an investment.  

Like Country livin?  it's a 10 minute drive.  Prefer the downtown loft in the middle of a bustling and cultured city center?  That lifestyle's here too....

I'm going to use links to Neighboroo (Thanks Travis) and redisplay the normally boring demographic data layout into a pretty color coordinated map mash-up.

 

PEOPLE & LIFE:

The Population is booming.

Lifestyle. There has been a steady and heavy influx of 20 and 30 somethings from states north, south, and west of the Triad over the past 10 years and it doesn't appear to be slowing. Most of the people I know are from anywhere except NC. It is definately a Gen-X and quickly becoming a Gen-Y town.

Since I've moved here, there has been a 'revival' of downtown Greensboro, going from after hours ghost town to robust nightlife. There literally is something for everyone in about a 10 block radius:
Dance clubs, jazz bars, watering holes, eloquent restaurants, art galleries, coffee shops, boutiques, all inhabit what used to be boarded up buildings, and the growth continues with large residential condo's and town homes pre-selling before they come out of the ground.

Income
The Triad has undergone a serious industrial metamorphosis since the early 90's. Once a bastion for textiles and other manufacturing industries, the area has quickly and efficiently evolved into a distribution and operations enclave for a host of Fortune 500 companies like Dell, Citigroup, Bank of America, and Fed-Ex. If you have a decent skill set and/or a college education, there is a job for you in the Triad.
Banking, Medicine, mid-level management for companies like the ones above, are the hottest job markets in the area.

Jobs
Speaking personally, it is a fertile ground for entrepreneurs, with a relatively low cost of living and under serviced niches.
$60K+ Avg Income
6% Unemployment Rate
15% Job Growth predicted over the next 5 years.

Education
Primary Education:
Prepare to send your kids to private schools, good news is there are alot of them. The NC public school system leaves alot to be desired, ranking well into the lower half of the United States. Schools are constantly under built which just seems to result in a bunch finger pointing as to whose fault it is, with no real solution. Good news is there is now a lottery in NC generating about $1M in daily funds for education in the state. Overall the education budget created by the lottery is $425M. New schools are coming out of the ground.

Secondary Education:
Amongst the best in the Nation. Along a 100 mile stretch of I-40 lies some top notch Universities and State Colleges:

 

 

HOUSING:
Avg Median Price is appx $182K, and you get a nice house for this price! $300K will have one living very comfortably.

Trulia provides a nice interface to see some listing information and other property information available for the Greensboro area.

Development is booming as well...

 

ENVIRONMENT:
Greensboro's climate has a little Florida and a little New York. The foliage reminds me of upstate and western New York. The humidity reminds me of Florida.

Temperatures average 28F in the winter and 89F in the summer. You get a well rounded 4 seasons, with a beautiful fall. North Carolina is a very green state, lots of trees, their color change begins in September and carries through October.


Summary:

Temperate climate, great infrastructure (well built roads and new belt lines), and a low cost of living make Greensboro a great place to live and work. It lacks a true big city atmosphere, like traffic jams and a professional sports team, but Charlotte (The Carolina Panthers and The Charlotte Bobcats) and Raleigh (The Carolina Hurricanes) are an hour or less away.

Speaking of location, Greensboro is 3 hrs away from the beautiful beaches of Wilmington and Myrtle Beach, and only 2.5 hours from the Appalachian mountain chain which contains the Blue Ridge Parkway, a breathtaking scenic drive littered with small towns and winery's quite a few thousand feet above sea-level.

I kept the post information dense, and didn't bother to use the typical descriptors 'cozy, quaint, charming' blah blah.  Already hitting on the main points of Greensboro, I'd be happy to open the floor via the comment thread to address any specifics about the area.  

Any deeper questions? Don't hesitate to contact me!

K C
Independent Leadership & Financial Fitness Consultant - Pleasant Grove, UT

Jeff,

I've heard that Greensboro and most of North Carolina is great country. I'd love to get out there some time.  I've heard that your growth rate is incredible.  I know you guys stole a congressional seat we were supposed to gain in the US House of representatives!

 

Take care

Karl 

Jan 23, 2007 08:04 AM
Teri Isner
Keller Williams Realty at the Lakes - Orlando, FL
GRI, CRS, CIPS
Loved this blog my sister lives there and Greensboro is alot of fun!
Jan 23, 2007 12:29 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nice post, Jeff. Great information. Would love to see some more pics of the area. I know little about that area and this was helpful.

Jeff

Jan 23, 2007 12:30 PM
Larry Vecchio
CondoDomain - Boston, MA

Hi Jeff,  whats the condo market like in Greensboro?  How many develeopments are up and will be going up in the next 18 months?  This may be a market condoDomain.com enters in 2007.

Jan 23, 2007 01:29 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
A lot of homeowners in Florida are buying second homes in North Carolina and some are actually moving there. It's nice to know what Greensboro is like.
Jan 23, 2007 02:18 PM
Christy Powers
Keller Williams Coastal Area Partners - Pooler, GA
Pooler, Savannah Real Estate Agent

Wow...another great local post. I am embarassed by mine. I have to get working on them....

Great blog.....Awesome. It was very informative! 

Jan 23, 2007 03:04 PM
Brian Brady
Matthews Capital Markets - Tampa, FL
858-699-4590

A place blogger...whodathunkit?

I like your link to Trulia's heat map; it drives the affordabilty factor home.  A "mash-up" post?

Primary education low, secondary education excellent.  Hmmm...so North Carolina is a net importer of talent?  I imagine that will change as the "talent" ages and has children. 

 

 

Jan 23, 2007 03:58 PM
Maggie Dokic /Indialantic | 321-252-8696
Magdalena Dokic - Indialantic, FL
Selling the beach in Florida's space coast
Jeff, thanks for the scoop on your area.  I agree with Sharon.  I am in Miami and cannot tell you how many times I run into someone who has bought in NC.  I myself bought a place in the mountains and while, right now it's a vacation home, I find NC beautiful enough to relocate to.  Can't beat the taxes and insurance!
Jan 23, 2007 10:33 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection
Thanks for sharing, I have never been to the area, it seems like a really nice place to live.
Jan 23, 2007 11:01 PM
Diane Bell, Hilton Head Real Estate, Bluffton
Charter 1 Real Estate, Hilton Head, Bluffton, SC - Hilton Head Island, SC
So informative--thanks for the post.  You are in a great position and can be thankful for the robust market.  Enjoy!
Jan 23, 2007 11:15 PM
John Hruska
Homes Charlotte, LLC - Charlotte, NC

Jeff,

Nice to see some stats on different parts of the country.  My in-laws live in Brevard, NC.  We reallt enjoy visting that area.

Jan 24, 2007 12:48 AM
Lauren Corna
Archway Realty, LLC - Southlake, TX
Broker
Jeff-  Great Post !!  Looks like an awesome place to live !!
Jan 24, 2007 01:14 AM
Shannon Moore
Green Lion Realty - North Port, FL
Realtor, Sarasota & Charlotte
Jeff-Very nice! You can tell you spent a lot of time compiling info for this blog. As Sharon said, we have a lot of people moving to North Carolina form Florida. It's good to keep on top of some of the cities there.
Jan 24, 2007 02:22 AM
Jeff Corbett
BoomTown - Charleston, SC

Thx to everyone!  NC is becoming the 2nd home capital of the east coast....

Jeff D...More pix to come...

Nick...Gboro would be a great place for Condo Domain...The city center is getting ready to sprout new builds and  undertake some very large conversions (from Office to Condo)...

Brian...You're correct, many transplants from the N. East and Florida...Raising primary education levels is a big initiative with the new lottery, providing an xtra $425M to their budget.  A place blogger...I conformed ;)

  

Jan 24, 2007 02:45 AM
David Abernathy
Waterfront Properties & Club Communities - Jupiter, FL
Palm Beach County Real Estate
Glad to hear that Greensboro is coming back.  I moved to Winston-Salem when First Union merged with Wachovia years ago and really missed the Charlotte lifestyle.
Jan 24, 2007 03:48 AM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Jeff.... you did supply some very good information. I don't know really anything about Greensboro...  I know more about Charlotte..... but 2 things that stood out. The mediam price for homes......wow, so cheap ...    and the other are the Universities.... some great schools.

I do know that it's some great land and area....  thanks for sharing.

Jan 24, 2007 01:14 PM
Jeff Corbett
BoomTown - Charleston, SC
Thx David and Jeff...Ill be posting some more pix soon for a better view of the area too :)  Charlotte has that BIG city feel and is catching up with Atlanta as the 'hot' place in the SouthEast...
Jan 25, 2007 01:32 AM
Tracy Santrock
Santrock Realty Group Inc. , - Cary, NC
Raleigh - Cary Broker

Boy, greensboro is a bargain...average resale price is $183...Chapel Hill is $350k, Cary $250k, Durham $195...........

your less than durham...

Jun 10, 2007 01:56 PM