Greenwood, IN—46142
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greenwood, IN
Home Price Trends — Greenwood, IN
As of Oct '25, the median home price in Greenwood, IN is $312,000, with a year-over-year change of 1.7%. This indicates that home prices in Greenwood, 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 | $312,000 | 1.7% |
| Single Family | $316,000 | 1.6% |
| Condos | $236,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 2.7% |
3 Bed | $297,000 | 2.4% |
4 Bed | $368,000 | 1.1% |
| 5 Bed | $451,000 | -0.7% |
% of Housing Stock
Rental Trends — Greenwood, IN
As of July '25, Rentcast reports the average rent in Greenwood, IN is $1,460, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Greenwood, IN is 1-bedrooms: $962, 2-bedrooms: $1,220, 3-bedrooms: $1,800, 4-bedrooms: $1,950. The most common rental property sizes in Greenwood, IN are 2-bedroom and 1-bedroom, accounting for 51.1% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $962 |
| 2 Bed Rent | $952 | $1,220 |
| 3 Bed Rent | $1,680 | $1,800 |
| 4 Bed Rent | $2,050 | $1,950 |
% of Rental Stock
Property Listings — Greenwood, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwood, IN is 57. This is a increase of 24.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | -8.0% |
Listing Count | 107 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 57 | 24.0% |
Demographics — Greenwood, IN
As of the latest ACS Survey released in 2023, Greenwood, IN has a population of 35,400, which has increased by 18.4% over the past 5 years. Greenwood, IN is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,400 | 18.4% |
% Under 18 | 22.5% | -4.3% |
% Seniors | 18.1% | 20.7% |
% WFH | 13.1% | 167.3% |
% w/ College Degree | 38.9% | 0.8% |
As of the latest ACS Survey released in 2023, Greenwood, IN is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Greenwood, IN is asian, making up 6.1% of the population. Foreign-born residents account for 5.8% of the population in Greenwood, IN, and this percentage has increased by 123.1% 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 | 83.1% | -9.6% |
% Black | 2.6% | 52.9% |
% Hispanic | 5.3% | 32.5% |
% Asian | 6.1% | 335.7% |
% Foreign Born | 5.8% | 123.1% |
Mortgage and Risk — Greenwood, IN
According to HUD data as of 2023, there were 721 mortgage originations in Greenwood, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Greenwood, IN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 721 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Greenwood, IN
As of 2024, the percent of homes in Greenwood, IN under the Section 8 program is 4.8%. 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 Greenwood, IN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 198 |
Total Units Section 8 | 198 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $850 | $1,040 |
| 2 Bedroom | $268 | $952 | $1,220 |
| 3 Bedroom | -$90 | $1,680 | $1,590 |
| 4 Bedroom | -$120 | $2,050 | $1,930 |
Affordability — Greenwood, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $312,000 |
| Median Household Income | $85,600 |