Actually, the Greensboro area is a quiet gem in real estate. Values have steadily increased over the years but not at all on a speculative basis. Greensboro is located 80 miles of congested and higher priced Raleigh and about 90 miles northeast of Charlotte. It is a great location for shopping, entertainment, recreation, dining, and great medical facilities. While housing can be expensive if you are looking at 3500 sf and up homes in the County and older homes in the elite parts of Greensboro, there are several neighborhoods where gorgeous homes under 3000 sf can be gotten for $150 to 250K. It is a great area for raising a family, the bass fishing is super and of course there is nothing like ACC basketball.
Greensboro is the center of a 1.5 million metropolitan area spread over 12 counties and includes Winston-Salem and High Point.
Major highways such as I-40, I-85, I-77 lead to the mountains and the shore. We also have Piedmont Int. Airport and we are on the North South Amtrak line with full depots in Greensboro and High Point.
As for jobs, the area is shifting from a manufacturing center (cotton and furniture) to technology and transportation. There are several major universities in the area (Wake Forest, U. North Carolina, NC A&T, Guilford College and the 3rd ranked community college -GTCC). Wages are lower than NYC, Philadelphia but some living costs are way lower also. Therre are many areas where wages are comparable to other metropolitan areas. Car insurance is less and since we do not support the schools with a property tax the home taxes are way lower than NY, NJ, PA. Food costs about the same or a little less. Gasoline tends to be a little less than other areas altho it may be cheaper in NJ and Virginia (???)
Real Estate Broker and ABR for Century 21 in Greensboro area for over 10 years