27407, Greensboro, NC

The 27407 zip code of Greensboro, North Carolina is a suburban area located in the southeastern part of the state. The population of this zip code was 116,948 as of the 2010 census. The median household income in this zip code was $86,898 as of 2010. Home prices in this zip code have increased significantly over the past few years, with the average home price reaching an all-time high of $269,000 in August 2016. This increase has been largely due to strong demand and limited supply within the area.

There are a number of factors that have contributed to the increase in home prices in the 27407 zip code. One reason is that there is a limited number of homes available for sale within this area, which has resulted in strong demand from buyers. Additionally, many homeowners who live in this area have decided to sell their homes rather than rent them out due to rising costs associated with renting property and increasing competition from other areas within Greensboro for housing stock. Finally, many homeowners who live in this area have benefited from historically low interest rates and have been able to borrow money against their home equity to purchase additional property or invest into other assets such as stocks or bonds.