ZIP Code · NC

ZIP 27405

Pop. 54,303·Guilford County·188th most expensive ZIP in North Carolina
Median rent (all units)
$1,382/mo
Year-over-Year
+4.7%
Month-over-Month
+0.3%
vs US Median
-$550
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 27405 · $1,382
More affordable than 81% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,150
2 BR
$1,260
3 BR
$1,610
4 BR+
$1,860
Research median
$1,260/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

January. Asking rents in ZIP 27405 usually run 0.8% below trend in January and 0.5% above it in April, about $18 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 27405 is at its highest level since Zillow's records here began in May 2016.

Past year vs. the rest of North Carolina

Rent in ZIP 27405 changed +4.7% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 27405 rose 50.4% while median household income rose 26.4% ($37,528 to $47,431). Rent outpaced income.

Since before the pandemic

Rent in ZIP 27405 is 58.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($47,431) is $1,186 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,150); a 2-bedroom is $1,260.

Rank in Greensboro

5th cheapest of 9 ZIP codes in Greensboro.

From Zillow's monthly rent index (ZORI) for ZIP 27405. 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
$16,584/yr
At $1,382/mo median
Location
StateNC
CountyGuilford County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.7% YoY, +0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 27405 (Greensboro, NC) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 22.5% of residents hold a bachelor's degree or higher.

Population
54,303
Median income
$47,431
Median age
32.1
Renters
51.5%
Age distribution
28%
25.8%
24.1%
Under 1828%
18–3425.8%
35–5424.1%
55–6411.3%
65+10.8%
Gender
46%
54%
Male46%
Female54%
Race & ethnicity
19.9%
58.2%
14.3%
White19.9%
Black58.2%
Hispanic14.3%
Asian4.6%
Other2.9%
Education (25+)
15%
31.5%
31%
22.5%
No HS diploma15%
HS diploma31.5%
Some college31%
Bachelor's+22.5%
Housing tenure
48.5%
51.5%
Owner48.5%
Renter51.5%

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

2021 vs 2026

How ZIP 27405 in Greensboro, NC has changed in 5 years

Rent
$992 → $1,382
up 39.3%
Income
$40,022 → $47,431
up 18.5%
Population
51,645 → 54,303
up 5.1%
Renter share
54.5% → 51.5%
-3.0 pts
Bachelor's+
22.2% → 22.5%
+0.3 pts
Median age
32.6 → 32.1
-0.5 yrs

The median rent in ZIP 27405 in Greensboro, NC stood at $992 in 2021 and currently runs about $1,382, reflecting a 39.3% increase over the period. Local incomes tracked alongside that move, going from a median of $40,022 in 2021 to $47,431 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.1% since 2021, moving from about 51,645 residents to roughly 54,303. Renters now make up 51.5% of households, compared with 54.5% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 27405 in Greensboro, NC market of 2021.

Community

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Local insights

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About renting in ZIP 27405

Last updated: October 17, 2026

ZIP code 27405 covers Greensboro, NC. The median rent here is $1,382/mo as of October 2026. A 1-bedroom rents for a median of $1,150/mo. A 2-bedroom rents for a median of $1,260/mo.

At 35% of local median household income ($47,431/yr), ZIP 27405 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27405?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,382/mo in ZIP 27405. The local median household income is $47,431/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 27405?

Rent in ZIP 27405 has risen 4.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2016.

When is the cheapest time to rent in ZIP 27405?

Asking rents in ZIP 27405 are usually lowest in January, about 0.8% below their yearly trend, and highest in April, about 0.5% above it. At today's median that is a gap of roughly $18 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 27405?

Yes. From 2019 to 2024, rent in ZIP 27405 rose 50.4% while median household income rose 26.4%, from $37,528 to $47,431. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 27405 compare to other ZIPs in North Carolina?

ZIP 27405 is one of the more affordable among North Carolina ZIP codes for rent, ranking #188 of 230 at $1,382/mo. Over the year to September 2026, rent in ZIP 27405 changed +4.7%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 27405 compare to the rest of Greensboro?

At $1,382/mo, ZIP 27405 is $13 below the Greensboro citywide median of $1,395/mo. It is the 5th cheapest of 9 ZIP codes in Greensboro.
Income Affordability
35%
MODERATE

At $1,382/mo, rent takes ~35% of ZIP 27405's median household income ($47,431/yr). The standard benchmark is 30%.

ZIP 27405 35%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27405 (Greensboro, NC)

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