Ole Asheboro is a 260-acre redevelopment area south of downtown Greensboro in ZIP code 27406, zoned for Gillespie Park Elementary and Grimsley High.

Last checked Oct. 11, 2026. Sources: the City of Greensboro’s redevelopment areas, historic districts, address points, parks and trails and GTA route map layers, Guilford County Schools’ 2026-27 attendance zone map, the N.C. Department of Public Instruction’s 2025-26 school test data, the Zillow Home Value Index (Zillow Research) and © OpenStreetMap contributors.

Ole Asheboro lies just south of downtown, along Martin Luther King Jr. Drive. On the city’s map of redevelopment areas it is the Ole Asheboro area, about 260 acres and still listed as active. The city says the redevelopment plan was adopted in 1983 and updated in 2004, and that the work has included stabilizing existing houses, building new ones, reusing and restoring historic buildings and upgrading streets and utilities.

What this means for you

  • Zoned high school: Grimsley High for every address in the area in 2026-27. Check an exact address with the district’s Student Assignment Locator.
  • Home value: $227,489 in ZIP code 27406 in August 2026, according to the Zillow Home Value Index.
  • Nearest interstate: I-40 exit 221 (South Elm-Eugene Street), about 2.4 miles by road.

Part of our Greensboro neighborhoods guide.

Where it is

The area is about nine-tenths of a mile north to south and seven-tenths of a mile across, south of downtown. Martin Luther King Jr. Drive has more addresses than any other street in it, by the city’s address points, followed by Pearson Street, Broad Avenue, Julian Street, Ross Avenue, Martin Street, Reid Street and East Bragg Street.

The city’s address points show 996 addresses, and 85% sit on land zoned for single-family homes. Nearly all are in ZIP code 27406.

339 addresses are in the South Greensboro Historic District, listed on the National Register of Historic Places in 1991 and about 122 acres, by the state’s nomination file, which describes a mostly residential district built from 1900 to 1940. A few more fall in the South Benbow Road Historic District, listed in 2024. Neither is a city local historic district, so there is no extra historic district tax on Guilford County’s 2026-27 rate table.

Schools

We checked every address in the area against Guilford County Schools’ 2026-27 attendance zone map on Oct. 11. Scores are the share of state tests at grade level in 2025-26, from the N.C. Department of Public Instruction.

Level Zoned school Addresses Tests at grade level, 2025-26
Elementary Gillespie Park Elementary, 1900 Martin Luther King Jr. Drive 996 of 996 33.8%
Middle Kiser Middle, 716 Benjamin Parkway 996 of 996 56.4%
High Grimsley High, 801 N. Josephine Boyd St. 996 of 996 69.7%

Statewide, 59.2% of tests were at grade level; across Guilford County Schools, 54.5%. Gillespie Park Elementary is on the state’s 2025-26 low-performing schools list with an F, and was on the list in each of the two years before. Each school name links to its NC School Report Card. More in our schools guide.

Home values

Zillow’s typical home value in ZIP code 27406 was $227,489 in August 2026, up 1.1% from $224,907 a year earlier, according to the Zillow Home Value Index. The index is a modeled typical value for the middle third of homes, houses and condos together, not a sale price. ZIP code 27406 reaches well into south Greensboro, so the figure covers much more than Ole Asheboro. Zillow’s figure for Greensboro as a whole was $263,264, level with a year earlier. More in our home prices guide.

Parks and trails

From the city’s parks and trails layers, inside the area or at its edge:

  • Douglas Park, 701 Douglas St., about 5 acres
  • Dorothy Brown Park, 701 Dorothy Brown St., about 3 acres
  • Ole Asheboro Park, 200 E. Gate City Blvd.
  • McCulloch Park, 304 E. McCulloch St.
  • Tuscaloosa Street Tot Lot, 825 Tuscaloosa St.
  • Freedom Cornerstone, on the Downtown Greenway
  • Claudette Burroughs-White Pocket Park, 440 McAdoo Ave.
  • Southside Town Square, 328 Martin Luther King Jr. Drive
  • Arlington Park, 1201 Bellevue St.

The Downtown Greenway runs along the area’s northern side. See our parks and trails guide.

Getting around

  • Roads: Martin Luther King Jr. Drive runs north-south through the area to downtown; Gate City Boulevard crosses its northern end.
  • Downtown and City Hall: about 1.1 miles.
  • I-40: exit 221 (South Elm-Eugene Street) is about 2.4 miles by road; exit 222 is signed for Martin Luther King Jr. Drive.
  • Piedmont Triad International Airport: about 13.1 miles. Distances are measured on the OpenStreetMap road network with the OSRM routing engine from the middle of the area’s addresses; they are distances, not drive times.
  • Bus: GTA routes 4 (MLK Jr/Benbow/Willow) and 12 (S. Elm-Eugene) run through the area on the city’s route map. Track buses at TrackMyGTA.com. More in our getting around guide.

Groceries and everyday stores

OpenStreetMap shows no supermarket or pharmacy inside the area or within half a mile of it. The nearest supermarkets on the map, each about 1.5 miles from the middle of the area as the crow flies, are Piggly Wiggly at 819 W. Florida St., Deep Roots Market at 600 N. Eugene St. and Walmart Neighborhood Market at 1050 Alamance Church Road.

How we drew this area

This page follows the Ole Asheboro redevelopment area on the City of Greensboro’s redevelopment areas layer. Address counts, ZIP codes, zoning and historic district counts come from the city’s address points inside that line. Road distances and store locations use © OpenStreetMap contributors.

Frequently asked questions

What schools is Ole Asheboro in Greensboro zoned for?

On Guilford County Schools’ 2026-27 zone map, all 996 address points in the Ole Asheboro redevelopment area are zoned for Gillespie Park Elementary, Kiser Middle and Grimsley High.

What ZIP code is Ole Asheboro in?

  1. Nearly every address point in the area is in that ZIP code on the city’s map.

Is Ole Asheboro a good place to live?

Here are the facts. Ole Asheboro is a 260-acre area of mostly single-family zoning about 1.1 miles by road from City Hall and 2.4 miles from I-40, with nine small city parks inside or at its edge and two GTA bus routes, zoned for Grimsley High. The typical home value in ZIP code 27406 was $227,489 in August 2026, according to Zillow.

Is Ole Asheboro a historic district?

Part of it is. By the city’s address points, 339 of the area’s 996 addresses are in the South Greensboro Historic District, listed on the National Register of Historic Places in 1991.