As temperatures begin to rapidly climb in May, so does the spring housing market. Low mortgage rates and a shift to remote work have fueled a significant increase in housing demand. As we enter the peak homebuying season, buyers are facing fierce competition when putting in offers on a home.

While home prices have soared across the Piedmont Triad and the nation as a whole, many buyers are now sitting on a pile of savings that they were able to grow as a result of lockdown and travel restrictions imposed last year.

To help buyers predict the future of the value of their homes and make wise investments, WFMY News recently compiled data from Info Sparks’ ‘Triad Multiple Listing Service’ – which is used to by realtors, appraisers and banks to assess a home’s value – and ranked the top 3 areas in Greensboro with a history of success. Local real estate agent Drew Mathison of The Commend Team at Keller Williams has also weighed in on what differentiates these neighborhoods. Have a look!

Zip code 27410 – Greatest appreciation

Homes in the 27410 zip code have seen an average of a 14 percent increase in property value in the last decade, the highest in Greensboro, according to Info Sparks’.

• What increases its value: Proximity to the airport, large neighborhoods
• Mathison: “People move into that area and some of those neighborhoods and tend to want to stay there, from what I’ve seen. So that tends to make the prices climb because people buy because they want that  [They’ll buy] more on emotions.”

Zip code 27455 – Most consistent

A concentrated effort has been made to build north of the city and south of Highway 150 between N. Church St. and Lawndale Dr. in recent years, Mathison said. This zip code has seen the most consistent year-to-year appreciation of home values in Greensboro.

• What increases its value: Lakes, more space, growth
• Mathison: “There are new construction developments that are really, really strong right there. So we’ve seen a really stable market in resales and new construction.”

Zip Code 27408 – A bit of both, but more expensive

Perhaps the most valuable land in Greensboro is centered around three neighborhoods: Old Irving Park, New Irving Park, and Kirkwood. The proximity to Greensboro combined with higher-end developments makes Mathison believe home values in this area will continue their run of prolonged growth.

• What increases its value: Proximity to city, businesses, and schools. High-value neighborhoods
• Mathison: “As a whole, Greensboro is very stable, but we’ve seen a great increase in value here.”