Greene County, North Carolina Housing Market
In Greene County, North Carolina, the median home value is $117,400, with a median monthly rent of $853. This places Greene County at #2686 nationally out of 3134 counties by median home value, and #94 within North Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $857
- Establishments: 356
- BLS QCEW, 2025
Housing Supply
- Single-family: 59
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,566 (avg $52,567)
- Outflow: 6,337 (avg $53,414)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Greene County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 27828 | 228.0 | -3.22% | 2025 |
| 2 | 27863 | 224.1 | +3.53% | 2025 |
| 3 | 28551 | 222.0 | +5.99% | 2025 |
| 4 | 27534 | 204.8 | -0.65% | 2025 |
| 5 | 28513 | 227.0 | -3.44% | 2025 |
| 6 | 28580 | 195.7 | -1.74% | 2023 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Greene County Compares
| Metric | Greene County | North Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $117,400 | $235,312 | $227,706 |
| Median Gross Rent | $853 | $976 | $968 |
| Owner Occupancy Rate | 66.5% | 71.8% | 73.3% |
| Price/Rent Ratio | 11.5 | 19.8 | 18.7 |
Market Analysis
The median home value in Greene County is 50.1% below the North Carolina state average and 48.4% below the U.S. national average. The median rent of $853/month is 12.6% below the state average.
With a price-to-rent ratio of 11.5, buying a home in Greene County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Greene County has an owner-occupancy rate of 66.5%, compared to 71.8% in North Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cross County | Arkansas | $117,500 | $764 |
| Jay County | Indiana | $117,500 | $770 |
| Carroll County | Missouri | $117,500 | $822 |
| Rock County | Nebraska | $117,500 | $644 |
| Hettinger County | North Dakota | $117,300 | $785 |
Other Counties in North Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hertford County | $119,200 | $844 | 67.4% |
| Scotland County | $114,900 | $778 | 61.8% |
| Northampton County | $114,500 | $758 | 74.6% |
| Lenoir County | $120,500 | $861 | 59.2% |
| Hyde County | $124,000 | $1,263 | 71.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).