ZIP Code · NC

ZIP 27403

Part of Greensboro, NC

Pop. 22,557·Guilford County·213th most expensive ZIP in North Carolina

Median rent (all units)

$1,291/mo

Year-over-Year

+3.8%

Month-over-Month

+0.3%

vs US Median

-$641

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 27403 · $1,291

More affordable than 87% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,170

2 BR

$1,280

3 BR

$1,640

4 BR+

$1,890

Research median

$1,280/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

September. Asking rents in ZIP 27403 usually run 0.9% below trend in September and 0.6% above it in June, about $19 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 27403 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of North Carolina

Rent in ZIP 27403 changed +3.8% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Recent direction

Rent has risen 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($57,917) is $1,448 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,280); a 3-bedroom is $1,640.

Rank in Greensboro

1st cheapest of 9 ZIP codes in Greensboro.

From Zillow's monthly rent index (ZORI) for ZIP 27403. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,492/yr

At $1,291/mo median

Location

CityGreensboro

StateNC

CountyGuilford County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 27403 (Greensboro, NC) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 49.1% of residents hold a bachelor's degree or higher.

Population

22,557

Median income

$57,917

Median age

26.8

Renters

47.7%

Age distribution

16.1%

43.7%

22.4%

Under 1816.1%

18–3443.7%

35–5422.4%

55–646.5%

65+11.3%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

53.1%

23.2%

15.3%

White53.1%

Black23.2%

Hispanic15.3%

Asian6.5%

Other1.8%

Education (25+)

16.2%

24.3%

49.1%

No HS diploma10.4%

HS diploma16.2%

Some college24.3%

Bachelor's+49.1%

Housing tenure

52.3%

47.7%

Owner52.3%

Renter47.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27403 in Greensboro, NC has changed in 5 years

Rent

$873 → $1,291

up 47.9%

Income

$54,240 → $57,917

up 6.8%

Population

19,556 → 22,557

up 15.3%

Renter share

47.1% → 47.7%

+0.6 pts

Bachelor's+

46.3% → 49.1%

+2.8 pts

Median age

31.4 → 26.8

-4.6 yrs

Rent in ZIP 27403 in Greensboro, NC has increased 47.9% since 2021, going from about $873 per month to roughly $1,291 today. Census figures show median household income at $57,917 today, compared with $54,240 five years earlier. Rent outpaced income growth by roughly 41.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 19,556 to 22,557 between 2021 and 2024, a 15.3% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.3% to 49.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 27403

Last updated: October 17, 2026

ZIP code 27403 covers Greensboro, NC. The median rent here is $1,291/mo as of October 2026. A 1-bedroom rents for a median of $1,170/mo. A 2-bedroom rents for a median of $1,280/mo.

At 27% of local median household income ($57,917/yr), ZIP 27403 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27403?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (about $25/hour full-time) to afford the median rent of $1,291/mo in ZIP 27403. The local median household income is $57,917/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27403?

Rent in ZIP 27403 has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 27403?

Asking rents in ZIP 27403 are usually lowest in September, about 0.9% below their yearly trend, and highest in June, about 0.6% above it. At today's median that is a gap of roughly $19 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 27403 compare to other ZIPs in North Carolina?

ZIP 27403 is one of the more affordable among North Carolina ZIP codes for rent, ranking #213 of 230 at $1,291/mo. Over the year to September 2026, rent in ZIP 27403 changed +3.8%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.