ZIP Code · NC

ZIP 27408

Part of Greensboro, NC

Pop. 16,519·Guilford County·163rd most expensive ZIP in North Carolina

Median rent (all units)

$1,501/mo

Year-over-Year

+6.5%

Month-over-Month

+0.5%

vs US Median

-$431

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 27408 · $1,501

More affordable than 73% 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

$1,220

1 BR

$1,280

2 BR

$1,400

3 BR

$1,790

4 BR+

$2,060

Research median

$1,400/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

February. Asking rents in ZIP 27408 usually run 1.2% below trend in February and 1.7% above it in August, about $44 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 27408 is at its highest level since Zillow's records here began in April 2020.

Past year vs. the rest of North Carolina

Rent in ZIP 27408 changed +6.5% 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 4 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($83,862) is $2,097 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,060).

Rank in Greensboro

8th cheapest of 9 ZIP codes in Greensboro.

Cheaper nearby

ZIP 27403, 3 miles away, rents for 14% less ($1,291/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 27408. 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

$18,012/yr

At $1,501/mo median

Location

CityGreensboro

StateNC

CountyGuilford County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.5% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 27408 (Greensboro, NC) is majority owner-occupied, has a large retiree population, 64.5% of residents hold a bachelor's degree or higher.

Population

16,519

Median income

$83,862

Median age

45.4

Renters

26.1%

Age distribution

20.5%

15.7%

27.4%

12.5%

23.8%

Under 1820.5%

18–3415.7%

35–5427.4%

55–6412.5%

65+23.8%

Gender

46.7%

53.3%

Male46.7%

Female53.3%

Race & ethnicity

84.1%

White84.1%

Black7%

Hispanic3.6%

Asian1.8%

Other3.5%

Education (25+)

22%

64.5%

No HS diploma3.3%

HS diploma10.3%

Some college22%

Bachelor's+64.5%

Housing tenure

73.9%

26.1%

Owner73.9%

Renter26.1%

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

2021 vs 2026

How ZIP 27408 in Greensboro, NC has changed in 5 years

Rent

$1,038 → $1,501

up 44.6%

Income

$78,271 → $83,862

up 7.1%

Population

16,930 → 16,519

down 2.4%

Renter share

29.8% → 26.1%

-3.7 pts

Bachelor's+

61.8% → 64.5%

+2.7 pts

Median age

43.9 → 45.4

+1.5 yrs

Compared with 2021, rent in ZIP 27408 in Greensboro, NC has climbed by $463 per month, settling near $1,501 after starting the period at $1,038. Median household income grew from $78,271 to $83,862 between 2021 and 2024, a 7.1% shift. Rent outpaced income growth by roughly 37.5 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 16,930 to 16,519 between 2021 and 2024, a 2.4% change. About 26.1% of households rent today, against 29.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 61.8% to 64.5%. Taken together, the five-year picture in ZIP 27408 in Greensboro, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 27408

Last updated: October 17, 2026

ZIP code 27408 covers Greensboro, NC. The median rent here is $1,501/mo as of October 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,400/mo.

At 21% of local median household income ($83,862/yr), ZIP 27408 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27408?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,501/mo in ZIP 27408. The local median household income is $83,862/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27408?

Rent in ZIP 27408 has risen 6.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in April 2020.

When is the cheapest time to rent in ZIP 27408?

Asking rents in ZIP 27408 are usually lowest in February, about 1.2% below their yearly trend, and highest in August, about 1.7% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 27408 compare to other ZIPs in North Carolina?

ZIP 27408 is one of the more affordable among North Carolina ZIP codes for rent, ranking #163 of 230 at $1,501/mo. Over the year to September 2026, rent in ZIP 27408 changed +6.5%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.