Homes for Sale in Greensboro, NC Receive a Livability Rating Upgrade

Posted on by smithmarketinginc

For the second time in a row, the city of Greensboro, North Carolina kept its standing among the 100 Best Places to Live in 2015. The city placed 91st on Livability.com, a website that measures the quality of living among more than 2,000 cities, and garnered a score of 609.

According to Livability.com ranking data, Greensboro scored the highest in the demographics category by virtue of its diverse social mix, up from 74 points last year to 79 points this year. The largest gain, however, was in the housing category. Thanks to affordable quality housing, the city went up from 40 points in the previous list to 68 points at present.

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Data from Zillow shows that median home sale prices have been on the rise since it reached its lowest point in February 2013. The current average stands at almost $149,000, which is around $8,000 higher than the median listing price. It’s easy to think that rising house prices, like commodities, are hardly a good thing; so why did Greensboro got such a hefty score upgrade?

Livability.com didn’t rely on price data alone when doing their homework. They also determined whether or not the prices are bearable by local standards.

Affordability is a combination of factors, not just price. We not only looked at home prices but also how they related to income. Therefore, you see some cities rise to the top of our list that have above-average housing costs but also above-average wages. So while prices might be high in places like Palo Alto, Berkley or Arlington, Va., the housing prices aren’t an obstacle for many of the residents there.

Taking Zillow’s affordability calculator into account, the annual household median income of $41,556 with a monthly debt of $250 can afford homes for sale in Greensboro, NC worth up to $164,434. Residents can cut costs by walking to school or work, especially those living west of the city center (Zip Code: 27403) and near Peabody Park (Zip Code: 27402).

You can use the data detailed here as a reference for the best houses for sale in Greensboro, NC and nearby areas. A real estate firm like Smith Marketing can grant you access to listings that come complete with locations tagged on the map. Simply name your preferences and let a realtor help you find the ideal property. For instance, you can find dozens of quality yet affordable homes in heavily wooded areas where you can have city convienience yet with a country feel.

(Source: “Greensboro makes website’s list,” Winston-Salem Journal, September 19, 2014)