Greenfield, IN 46140 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Greenfield, IN—46140

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$296,000

2.0% YoY Growth

Household Income

$82,800

32.5% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$1,650

1.9% YoY Growth

1-Bed Rent

$950

38.0% YoY Growth

2-Bed Rent

$1,150

29.9% YoY Growth

3-Bed Rent

$1,680

1.9% YoY Growth

Home Price Trends — Greenfield, IN

As of May '26, the median home price in Greenfield, IN is $296,000, with a year-over-year change of 2.0%. This indicates that home prices in Greenfield, IN are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$296,000	2.0%
Single Family	$298,000	2.1%
Condos	$235,000	2.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.1%

1 Bedroom

22.1%

2 Bedrooms

47.4%

3 Bedrooms

22.3%

4 Bedrooms

5.7%

5+ Bedrooms

0.4%

Property Listings — Greenfield, IN

As of May '26, Realtor.com reports that the median days on market for a home in Greenfield, IN is 43. This is a increase of 7.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$320,000	-2.0%
Listing Count	198	14.0%
Listings as % of Homes	0.5%	14.0%
Days on Market	43	7.0%

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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%

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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%

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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%

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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

Greenfield, IN—46140

Key Metrics at a Glance

Home Price Trends — Greenfield, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Greenfield, IN

% of Rental Stock

Property Listings — Greenfield, IN

Demographics — Greenfield, IN

Race and Ethnicity

Mortgage and Risk — Greenfield, IN

Mortgages

Rentals and Section 8 — Greenfield, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Greenfield, IN

Home Price to Income Ratio

Greenfield, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Maxwell

Fishers, IN

Fountaintown, IN

Charlottesville, IN

New Palestine, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$296,000
Median Household Income	$82,800

Greenfield, IN—46140

Key Metrics at a Glance

Home Price Trends — Greenfield, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Greenfield, IN

% of Rental Stock

Property Listings — Greenfield, IN

Demographics — Greenfield, IN

Race and Ethnicity

Mortgage and Risk — Greenfield, IN

Mortgages

Rentals and Section 8 — Greenfield, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Greenfield, IN

Home Price to Income Ratio

Greenfield, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Maxwell

Fishers, IN

Fountaintown, IN

Charlottesville, IN

New Palestine, IN

Frequently Asked Questions

What is the average home price in Greenfield, IN 46140?

How have home prices in Greenfield, IN 46140 changed over the past year?

What is the home price projection for Greenfield, IN 46140?

What are the demographics of Greenfield, IN 46140?

How long does it take homes to sell in Greenfield, IN 46140?

What is the average rent price in Greenfield, IN 46140?