Greenwood, MS—38930
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwood, MS
As of Oct '25, the median home price in Greenwood, MS is $87,000, with a year-over-year change of 2.4%. This indicates that home prices in Greenwood, MS are increasing. According to Zillow, the 1-year price projection is -5.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $87,000 | 2.4% |
| Single Family | $87,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $16,000 | -15.8% |
2 Bed | $46,000 | 0.0% |
3 Bed | $94,000 | 3.3% |
4 Bed | $192,000 | 7.3% |
| 5 Bed | $245,000 | 2.9% |
% of Housing Stock
Rental Trends — Greenwood, MS
As of July '25, Rentcast reports the average rent in Greenwood, MS is $525, with a year-over-year rent change of 19.9%. Per bedroom, the median rent as of July '25 in Greenwood, MS is 2-bedrooms: $525. The most common rental property sizes in Greenwood, MS are 3-bedroom and 2-bedroom, accounting for 39.3% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $525 | $525 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $525 | $525 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenwood, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwood, MS is 66. This is a increase of 27.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | 56.0% |
Listing Count | 65 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 66 | 27.0% |
Demographics — Greenwood, MS
As of the latest ACS Survey released in 2023, Greenwood, MS has a population of 23,300, which has remained stable by -0.2% over the past 5 years. Greenwood, MS is a popular place for families, as children make up 28.9% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -0.2% |
% Under 18 | 28.9% | 4.3% |
% Seniors | 15.7% | 7.5% |
% WFH | 4.2% | 61.5% |
% w/ College Degree | 20.0% | 14.3% |
As of the latest ACS Survey released in 2023, Greenwood, MS is a predominantly black area, with 70.3% of the population identifying as black. The black population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Greenwood, MS is white, making up 24.8% of the population. Foreign-born residents account for 1.9% of the population in Greenwood, MS, and this percentage has increased by 111.1% 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 | 24.8% | -1.2% |
% Black | 70.3% | -2.4% |
% Hispanic | 3.4% | 183.3% |
% Asian | 0.7% | -12.5% |
% Foreign Born | 1.9% | 111.1% |
Mortgage and Risk — Greenwood, MS
According to HUD data as of 2023, there were 135 mortgage originations in Greenwood, MS, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Greenwood, MS. Investor activity is low, as 1.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Greenwood, MS
Greenwood, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,220 |
Total Units Section 8 | 759 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | $405 | $525 | $930 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Greenwood, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $87,000 |
| Median Household Income | $35,100 |