Historic Greensboro

by | Nov 20, 2013 | Real Estate

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Greensboro city was named in honor of a Revolutionary war General Nathanael Greene, who in 1781 commanded the American forces in the Battle of Guilford Court House. Despite losing the battle Greene’s men inflicted some serious damage on the British, causing their general Charles Cornwallis to pull out of the state altogether and head back to Virginia. Eventually combined American and French forces had him trapped in Virginia and after a twenty day siege he surrendered. Once North Carolina had joined the confederacy the city remained largely untouched during the Civil War. They had shortages of some supplies, such as clothing and medicine which were agitated by the blockade but during the final weeks of the Civil War Greensboro played a hugely significant role when, in 1865 General Beauregard was instructed prepare to defend the city. At the same time Jefferson Davis—the Confederate President—and all the remaining cabinet members met up at Greensboro with the intention of escaping overseas to avoid capture by Union forces. Therefore, Greensboro city has the bragging rights that it was last place in which they were all seen together.

Industrialization and Growth

After the Civil War came the industrial revolution and the town of Greensboro saw some huge changes when Baltimore industrialists Caesar and Moses Cone establish textile mills and changed Greensboro into a city overnight. This in turn brought new people to area and saw homes for sale in Greensboro NC increase within a few years. New homes were built and sold, or rented to newcomers who had followed the industrial path to find work in larger cities. Of course, people wanted somewhere to live when they arrived and the housing market grew along with the rest of the city.

Nowadays property in Greensboro is on a slow increase of about 1.8% every two years or so. The current median price of a home is $126,000 but this is hampered with slightly higher than average crime rates. Greensboro personal crime risk is at 138 and the national average is 100, therefore making it somewhat unsafe to live in their current climate. Property crime is also higher than the national average at 158 but the local government and enforcement agencies are working on plans to lower this and bring the crime rates down.

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