ZIP 27407
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 27407 usually run 1.1% below trend in February and 1.2% above it in July, about $30 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 27407 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 27407 changed +1.5% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.
From 2019 to 2024, rent in ZIP 27407 rose 50.3% while median household income rose 17.3% ($50,647 to $59,427). Rent outpaced income.
Rent in ZIP 27407 is 56% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($59,427) is $1,486 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,440); a 3-bedroom is $1,840.
3rd cheapest of 9 ZIP codes in Greensboro.
ZIP 27260, 7 miles away, rents for 15% less ($1,126/mo), about $2,300 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 27407. 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.
Who lives here
ZIP 27407 (Greensboro, NC) is roughly split between renters and owners, has a median income below the national average, 34.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 27407 in Greensboro, NC has changed in 5 years
Rent in ZIP 27407 in Greensboro, NC has climbed 37.6% since 2021, going from about $957 per month to roughly $1,317 today. Household income in the area moved from $52,075 to $59,427 across the same window, up 14.1% versus 2021. Rent outpaced income growth by roughly 23.5 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 52,745 to 51,697 between 2021 and 2024, a 2.0% change. Reading these numbers side by side helps frame whether current listings in ZIP 27407 in Greensboro, NC look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 27407
Last updated: October 17, 2026
ZIP code 27407 covers Greensboro, NC. The median rent here is $1,317/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,440/mo.
At 27% of local median household income ($59,427/yr), ZIP 27407 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.
Frequently asked questions
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How does ZIP 27407 compare to other ZIPs in North Carolina?
How does ZIP 27407 compare to the rest of Greensboro?
At $1,317/mo, rent takes ~27% of ZIP 27407's median household income ($59,427/yr). The standard benchmark is 30%.
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