Greenwood, Shreveport, LA—71129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwood, Shreveport, LA
As of Oct '25, the median home price in Greenwood, Shreveport, LA is $199,000, with a year-over-year change of 3.4%. This indicates that home prices in Greenwood, Shreveport, LA are increasing. According to Zillow, the 1-year price projection is -3.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 3.4% |
| Single Family | $200,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $106,000 | 3.9% |
3 Bed | $199,000 | 3.1% |
4 Bed | $277,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenwood, Shreveport, LA
As of July '25, Rentcast reports the average rent in Greenwood, Shreveport, LA is $1,360, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Greenwood, Shreveport, LA is studios: $920, 1-bedrooms: $875, 2-bedrooms: $1,300, 3-bedrooms: $1,550, 4-bedrooms: $1,900. The most common rental property sizes in Greenwood, Shreveport, LA are 2-bedroom and 1-bedroom, accounting for 39.2% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,360 |
| Studio Rent | $850 | $920 |
| 1 Bed Rent | $811 | $875 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,450 | $1,550 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Greenwood, Shreveport, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwood, Shreveport, LA is 58. This is a increase of 23.0% 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 | $235,000 | -2.0% |
Listing Count | 45 | 58.0% |
| Listings as % of Homes | 0.5% | 58.0% |
Days on Market | 58 | 23.0% |
Demographics — Greenwood, Shreveport, LA
As of the latest ACS Survey released in 2023, Greenwood, Shreveport, LA has a population of 12,400, which has decreased by -4.6% over the past 5 years. Greenwood, Shreveport, LA is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | -4.6% |
% Under 18 | 23.7% | 3.5% |
% Seniors | 18.8% | 67.9% |
% WFH | 3.4% | 209.1% |
% w/ College Degree | 23.4% | 13.0% |
As of the latest ACS Survey released in 2023, Greenwood, Shreveport, LA is a predominantly black area, with 60.4% of the population identifying as black. The black population has grown by 9.4% in the last 5 years. The second most common race or ethnicity in Greenwood, Shreveport, LA is white, making up 30.1% of the population. Foreign-born residents account for 1.2% of the population in Greenwood, Shreveport, LA, and this percentage has decreased by 62.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.1% | -18.0% |
% Black | 60.4% | 9.4% |
% Hispanic | 3.3% | -23.3% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 1.2% | -62.5% |
Mortgage and Risk — Greenwood, Shreveport, LA
According to HUD data as of 2023, there were 95 mortgage originations in Greenwood, Shreveport, LA, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Greenwood, Shreveport, LA. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 44.0% |
% Government Loans | 56.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Greenwood, Shreveport, LA
As of 2024, the percent of homes in Greenwood, Shreveport, LA under the Section 8 program is 12.8%. 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 units appear to be good home sizes to consider for Section 8 housing in Greenwood, Shreveport, LA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 293 |
Total Units Section 8 | 293 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $29 | $811 | $840 |
| 2 Bedroom | -$330 | $1,300 | $970 |
| 3 Bedroom | -$220 | $1,450 | $1,230 |
| 4 Bedroom | -$560 | $1,900 | $1,340 |
Affordability — Greenwood, Shreveport, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $199,000 |
| Median Household Income | $50,600 |