Greenwood, IN—46143
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 $328,000, with a year-over-year change of 0.7%. This indicates that home prices in Greenwood, IN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 0.7% |
| Single Family | $334,000 | 0.6% |
| Condos | $268,000 | 9.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $222,000 | 1.8% |
3 Bed | $281,000 | 0.7% |
4 Bed | $395,000 | 1.0% |
| 5 Bed | $452,000 | -0.9% |
% of Housing Stock
Rental Trends — Greenwood, IN
As of July '25, Rentcast reports the average rent in Greenwood, IN is $1,860, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Greenwood, IN is studios: $1,350, 1-bedrooms: $1,150, 2-bedrooms: $1,570, 3-bedrooms: $1,840, 4-bedrooms: $2,140. The most common rental property sizes in Greenwood, IN are 2-bedroom and 3-bedroom, accounting for 35.9% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $1,860 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,500 | $1,570 |
| 3 Bed Rent | $1,780 | $1,840 |
| 4 Bed Rent | $2,120 | $2,140 |
% 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 45. This is a increase of 13.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | 2.0% |
Listing Count | 263 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 45 | 13.0% |
Demographics — Greenwood, IN
As of the latest ACS Survey released in 2023, Greenwood, IN has a population of 58,200, which has increased by 3.6% over the past 5 years. Greenwood, IN is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,200 | 3.6% |
% Under 18 | 25.3% | -6.3% |
% Seniors | 14.8% | 9.6% |
% WFH | 14.0% | 174.5% |
% w/ College Degree | 36.0% | 1.1% |
As of the latest ACS Survey released in 2023, Greenwood, IN is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Greenwood, IN is asian, making up 8.4% of the population. Foreign-born residents account for 8.2% of the population in Greenwood, IN, and this percentage has increased by 5.1% 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 | 78.6% | -6.1% |
% Black | 5.1% | 34.2% |
% Hispanic | 4.8% | 9.1% |
% Asian | 8.4% | 20.0% |
% Foreign Born | 8.2% | 5.1% |
Mortgage and Risk — Greenwood, IN
According to HUD data as of 2023, there were 1766 mortgage originations in Greenwood, IN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% 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 | 1,766 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% 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 4.6%. 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. In Greenwood, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 278 |
Total Units Section 8 | 278 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,150 | $1,290 |
| 2 Bedroom | $10 | $1,500 | $1,510 |
| 3 Bedroom | $180 | $1,780 | $1,960 |
| 4 Bedroom | $270 | $2,120 | $2,390 |
Affordability — Greenwood, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $328,000 |
| Median Household Income | $89,400 |