Irving Park

Greensboro, NC

Neighborhood Market Analysis

Q3 2025 Report
$630,000 (New Irving Park, April 2025)
Median Home Price
55–60 (car-dependent but walkable to parks and select amenities)
Walkability Score
Public schools in the area are highly rated, with several private options nearby; a major draw for families.
School Rating

Location Overview

Neighborhood Boundaries

Irving Park is located just north of downtown Greensboro, generally bounded by Wendover Avenue to the south, Cone Boulevard to the north, North Elm Street to the west, and Church Street to the east. New Irving Park is a contiguous, upscale sub-area to the north.

Zip Codes

27408

Market Data Summary

Price Range$400,000 to $1.5M+ (Irving Park and New Irving Park)
Price per Sq FtApproximately $200–$250 (Irving Park, 2025 estimate)
Inventory Levels11 homes for sale in New Irving Park as of April 2025[4]; inventory is higher than in previous years, contributing to longer days on market.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesLuxury estatesTownhomes (limited)

Architectural Styles

GeorgianColonial RevivalTudorTraditional brickMid-century modern (select properties)

Property Details

Typical Lot Sizes0.3 to 1+ acres; larger lots common in New Irving Park
Home Age Range1920s–2020s; many homes built 1920–1960, with newer infill and custom builds in New Irving Park
Construction QualityHigh; many homes feature custom construction, premium materials, and mature landscaping.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly affluent, professional, and established families; higher median household income than Greensboro average.

Community Vibe

Historic, prestigious, and tranquil; strong sense of tradition and neighborhood pride.

Typical Residents

  • Established families
  • Executives and professionals
  • Retirees
  • Some young families attracted by schools and amenities

Family Friendly

Very family-friendly, with access to parks, country club amenities, and top-rated schools.

Amenities & Lifestyle

Parks & Recreation

  • Greensboro Country Club (golf, tennis, pool)
  • Irving Park neighborhood parks
  • Proximity to Lake Daniel Park

Dining Options

  • Print Works Bistro
  • Green Valley Grill
  • Local cafes and upscale dining along North Elm Street

Shopping Centers

  • Irving Park Plaza
  • Friendly Center (short drive)

Local Businesses

  • Irving Park Plaza shops
  • Boutique fitness studios
  • Specialty grocers

Education & Schools

Public schools in the area are highly rated, with several private options nearby; a major draw for families.
Overall School Rating

Elementary Schools

  • Irving Park Elementary
  • Brooks Global Studies

Middle Schools

  • Mendenhall Middle

High Schools

  • Page High School

Private Schools

  • Greensboro Day School
  • Caldwell Academy
  • Canterbury School

Transportation & Accessibility

Transit & Roads

Public Transit

  • Greensboro Transit Authority (GTA) bus routes nearby

Major Roads

  • North Elm Street
  • Wendover Avenue
  • Cone Boulevard

Commute & Walkability

Commute Times10 minutes to downtown Greensboro; 20–25 minutes to PTI Airport; 5–10 minutes to major shopping and hospitals.
WalkabilityModerate; walkable within the neighborhood for recreation, but most errands require a car.
ParkingAmple off-street parking; most homes have garages and driveways.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Executives
  • Retirees
  • Relocators from larger metros

Key Selling Points

  • Prestige and history
  • Large lots and mature landscaping
  • Access to Greensboro Country Club
  • Top-rated schools

Pricing Considerations

Price competitively due to increased inventory; expect negotiations and possible concessions.

Common Objections & Response Strategies

Objection: High price relative to other Greensboro neighborhoods

Response Strategy:

Highlight exclusivity, lot size, and access to amenities not found elsewhere.

Objection: Older homes may need updates

Response Strategy:

Emphasize quality construction, potential for customization, and recent upgrades where applicable.

Objection: Limited walkability to daily needs

Response Strategy:

Focus on proximity to parks, country club, and short drive to shopping/dining.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; price growth has slowed citywide, but Irving Park’s prestige and limited supply support long-term value[1][4].

Rental Demand

Moderate to low; most homes are owner-occupied, but executive rentals are occasionally in demand.

Buyer Competition

Lower than previous years; buyers have more leverage due to increased inventory and longer days on market[1][4].

Best For

  • Upscale primary residence buyers
  • Relocating executives
  • Move-up buyers seeking prestige

Potential Concerns

  • High property taxes
  • Older homes may require updates
  • Affordability for first-time buyers

Professional Recommendations

1

Leverage professional marketing and staging to highlight unique features.

2

Educate buyers on long-term value and exclusivity of Irving Park.

3

Prepare sellers for longer days on market and the need for competitive pricing.

4

Network with relocation specialists and corporate HR departments.

5

Stay informed on inventory and recent sales to guide negotiation strategies.

Competitive Analysis

Comparable Markets

  • Sedgefield
  • Old Starmount
  • Fisher Park

Market Positioning

Irving Park is positioned as Greensboro’s premier historic and luxury neighborhood.

Competitive Advantages

  • Prestige and history
  • Country club amenities
  • Large, private lots

Price Comparison

Irving Park commands a 2–3x premium over the city median; New Irving Park is among the highest-priced submarkets.

Investment Metrics

3–4% (luxury single-family, 2025 estimate)
Cap Rates
2–3% (executive rentals)
Rental Yields
High; not ideal for traditional cash-flow investors
Price-to-Rent
Limited; best suited for appreciation and lifestyle buyers
Cash Flow
Stable to modest growth; long-term value supported by neighborhood prestige.
Appreciation

Buyer Journey Insights

First-Time Buyers

Rare due to high entry price; may be possible with family assistance or inheritance.

Move-Up Buyers

Common; attracted by larger homes, prestige, and schools.

Downsizers

Some interest in smaller luxury homes or townhomes, but limited inventory.

Investors

Occasional executive rental or renovation opportunities, but low cash flow yields.

Relocators

Strong appeal for executives and professionals moving to Greensboro.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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