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  1. Home
  2. /Browse ZIP Codes
  3. /Indiana
  4. /Greenwood, IN - 46142

Greenwood, IN—46142

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$322,000
2.2% YoY Growth
Household Income
$85,600
17.3% YoY Growth
Days on Market
37
17.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$1,500
9.3% YoY Growth
1-Bed Rent
$850
19.7% YoY Growth
2-Bed Rent
$952
16.2% YoY Growth
3-Bed Rent
$1,680
1.7% YoY Growth

Other Zip Codes in Greenwood, IN

46143
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Greenwood, IN

As of May '26, the median home price in Greenwood, IN is $322,000, with a year-over-year change of 2.2%. This indicates that home prices in Greenwood, IN are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$322,0002.2%
Single Family $326,0001.9%
Condos $237,0002.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$233,0002.2%
    3 Bed
    		$306,0002.0%
    4 Bed
    		$379,0001.3%
    5 Bed $461,3440.7%
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    % of Housing Stock

    Studio
    1.3%
    1 Bedroom
    8.7%
    2 Bedrooms
    20.0%
    3 Bedrooms
    47.2%
    4 Bedrooms
    19.8%
    5+ Bedrooms
    3.1%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,460
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    3.1%
    1 Bedroom
    27.7%
    2 Bedrooms
    51.1%
    3 Bedrooms
    14.0%
    4 Bedrooms
    2.9%
    5+ Bedrooms
    1.1%

    Property Listings — Greenwood, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Greenwood, IN is 37. This is a increase of 17.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$325,000-1.0%
    Listing Count
    		11944.0%
    Listings as % of Homes0.4%44.0%
    Days on Market
    		3717.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		35,40018.4%
    % Under 18
    		22.5%-4.3%
    % Seniors
    		18.1%20.7%
    % WFH
    		13.1%167.3%
    % w/ College Degree
    		38.9%0.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$322,000
    Median Household Income$85,600

    Greenwood, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Decatur Township, Indianapolis, IN

    46217

    Greenwood, IN

    46143

    Northeast Indianapolis, Indianapolis, IN

    46227

    Franklin Area, Indianapolis, IN

    46221

    Bargersville, IN

    46106

    Frequently Asked Questions