Greenfield, IN—46140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenfield, IN
As of Oct '25, the median home price in Greenfield, IN is $287,000, with a year-over-year change of 1.8%. This indicates that home prices in Greenfield, IN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | 1.8% |
| Single Family | $289,000 | 2.1% |
| Condos | $232,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $142,000 | 4.4% |
2 Bed | $206,000 | 3.5% |
3 Bed | $274,000 | 1.9% |
4 Bed | $334,000 | 1.2% |
| 5 Bed | $383,000 | 0.3% |
% of Housing Stock
Rental Trends — Greenfield, IN
As of July '25, Rentcast reports the average rent in Greenfield, IN is $1,550, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Greenfield, IN is 1-bedrooms: $999, 2-bedrooms: $1,280, 3-bedrooms: $1,640, 4-bedrooms: $2,140. The most common rental property sizes in Greenfield, IN are 2-bedroom and 3-bedroom, accounting for 47.4% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $999 |
| 2 Bed Rent | $1,150 | $1,280 |
| 3 Bed Rent | $1,680 | $1,640 |
| 4 Bed Rent | $2,040 | $2,140 |
% of Rental Stock
Property Listings — Greenfield, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenfield, IN is 60. This is a increase of 35.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | 6.0% |
Listing Count | 196 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 60 | 35.0% |
Demographics — Greenfield, IN
As of the latest ACS Survey released in 2023, Greenfield, IN has a population of 42,900, which has increased by 8.3% over the past 5 years. Greenfield, IN is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,900 | 8.3% |
% Under 18 | 20.8% | -8.4% |
% Seniors | 18.2% | 7.1% |
% WFH | 11.1% | 362.5% |
% w/ College Degree | 27.3% | 8.8% |
As of the latest ACS Survey released in 2023, Greenfield, IN is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Greenfield, IN is hispanic, making up 3.0% of the population. Foreign-born residents account for 2.6% of the population in Greenfield, IN, and this percentage has increased by 23.8% 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 | 92.1% | -3.6% |
% Black | 1.0% | 100.0% |
% Hispanic | 3.0% | 87.5% |
% Asian | 0.9% | -35.7% |
% Foreign Born | 2.6% | 23.8% |
Mortgage and Risk — Greenfield, IN
According to HUD data as of 2023, there were 1028 mortgage originations in Greenfield, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Greenfield, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,028 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Greenfield, IN
As of 2024, the percent of homes in Greenfield, IN under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Greenfield, IN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 202 |
Total Units Section 8 | 202 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $950 | $1,040 |
| 2 Bedroom | $70 | $1,150 | $1,220 |
| 3 Bedroom | -$90 | $1,680 | $1,590 |
| 4 Bedroom | -$120 | $2,040 | $1,920 |
Affordability — Greenfield, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $287,000 |
| Median Household Income | $82,800 |