Greensburg, IN—47240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greensburg, IN
As of Oct '25, the median home price in Greensburg, IN is $253,000, with a year-over-year change of 4.6%. This indicates that home prices in Greensburg, 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 | $253,000 | 4.6% |
| Single Family | $254,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $124,000 | 5.1% |
2 Bed | $174,000 | 4.2% |
3 Bed | $254,000 | 5.0% |
4 Bed | $339,000 | 4.3% |
| 5 Bed | $414,000 | 2.2% |
% of Housing Stock
Rental Trends — Greensburg, IN
As of July '25, Rentcast reports the average rent in Greensburg, IN is $1,160, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in Greensburg, IN is 1-bedrooms: $1,050, 2-bedrooms: $1,120, 3-bedrooms: $1,410. The most common rental property sizes in Greensburg, IN are 2-bedroom and 1-bedroom, accounting for 33.4% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,050 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $1,250 | $1,410 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greensburg, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Greensburg, IN is 50. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | -15.0% |
Listing Count | 69 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 50 | -4.0% |
Demographics — Greensburg, IN
As of the latest ACS Survey released in 2023, Greensburg, IN has a population of 21,500, which has remained stable by -0.3% over the past 5 years. Greensburg, IN is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,500 | -0.3% |
% Under 18 | 23.1% | -7.2% |
% Seniors | 18.7% | 20.6% |
% WFH | 8.2% | 241.7% |
% w/ College Degree | 19.5% | -9.3% |
As of the latest ACS Survey released in 2023, Greensburg, IN is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Greensburg, IN is hispanic, making up 2.7% of the population. Foreign-born residents account for 0.6% of the population in Greensburg, IN, and this percentage has decreased by 72.7% 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 | 93.2% | -1.9% |
% Black | 0.3% | -50.0% |
% Hispanic | 2.7% | 28.6% |
% Asian | 0.1% | -94.1% |
% Foreign Born | 0.6% | -72.7% |
Mortgage and Risk — Greensburg, IN
According to HUD data as of 2023, there were 444 mortgage originations in Greensburg, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Greensburg, IN. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 444 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Greensburg, IN
Greensburg, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 377 |
Total Units Section 8 | 353 |
% Rentals under Section 8 | 15.3% |
% Occupied Section 8 | 86.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,020 | $1,040 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | $340 | $1,250 | $1,590 |
| 4 Bedroom | N/A | N/A | $1,920 |
Affordability — Greensburg, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $253,000 |
| Median Household Income | $74,400 |