Greenwood, VA—22943
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwood, VA
As of Oct '25, the median home price in Greenwood, VA is $557,000, with a year-over-year change of 2.7%. This indicates that home prices in Greenwood, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $557,000 | 2.7% |
| Single Family | $557,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $432,000 | 0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenwood, VA
Greenwood, VA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenwood, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwood, VA is 216. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $720,000 | 25.0% |
Listing Count | 4 | 86.0% |
| Listings as % of Homes | 0.3% | 86.0% |
Days on Market | 216 | 10.0% |
Demographics — Greenwood, VA
As of the latest ACS Survey released in 2023, Greenwood, VA has a population of 627, which has increased by 112.5% over the past 5 years. Greenwood, VA is a popular place for families, as children make up 30.0% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 627 | 112.5% |
% Under 18 | 30.0% | 92.3% |
% Seniors | 4.6% | -80.1% |
% WFH | 9.0% | ∞% |
% w/ College Degree | 47.2% | -0.2% |
As of the latest ACS Survey released in 2023, Greenwood, VA is a predominantly white area, with 63.6% of the population identifying as white. The white population has shrunk by 29.7% in the last 5 years. The second most common race or ethnicity in Greenwood, VA is hispanic, making up 18.0% of the population. Foreign-born residents account for 3.5% of the population in Greenwood, VA, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.6% | -29.7% |
% Black | 9.4% | -1.1% |
% Hispanic | 18.0% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.5% | ∞% |
Mortgage and Risk — Greenwood, VA
Greenwood, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Greenwood, VA
Greenwood, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | N/A | N/A | $1,710 |
| 3 Bedroom | N/A | N/A | $2,170 |
| 4 Bedroom | N/A | N/A | $2,620 |
Affordability — Greenwood, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $557,000 |
| Median Household Income | $101,000 |