Greenfield, WI—53220
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Greenfield, WI
Home Price Trends — Greenfield, WI
As of Oct '25, the median home price in Greenfield, WI is $284,000, with a year-over-year change of 2.2%. This indicates that home prices in Greenfield, WI are increasing. 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 | $284,000 | 2.2% |
| Single Family | $291,000 | 2.1% |
| Condos | $214,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $231,000 | 3.1% |
3 Bed | $290,000 | 2.1% |
4 Bed | $324,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenfield, WI
As of July '25, Rentcast reports the average rent in Greenfield, WI is $1,290, with a year-over-year rent change of 12.2%. Per bedroom, the median rent as of July '25 in Greenfield, WI is studios: $1,100, 1-bedrooms: $1,070, 2-bedrooms: $1,200, 3-bedrooms: $1,930. The most common rental property sizes in Greenfield, WI are 2-bedroom and 1-bedroom, accounting for 55.3% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,110 | $1,290 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,060 | $1,070 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,680 | $1,930 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenfield, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenfield, WI is 23. 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | 5.0% |
Listing Count | 46 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 23 | 17.0% |
Demographics — Greenfield, WI
As of the latest ACS Survey released in 2023, Greenfield, WI has a population of 27,700, which has increased by 7.0% over the past 5 years. Greenfield, WI is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | 7.0% |
% Under 18 | 20.8% | 11.2% |
% Seniors | 18.9% | 3.8% |
% WFH | 9.5% | 375.0% |
% w/ College Degree | 27.3% | 10.1% |
As of the latest ACS Survey released in 2023, Greenfield, WI is a predominantly white area, with 61.2% of the population identifying as white. The white population has shrunk by 16.7% in the last 5 years. The second most common race or ethnicity in Greenfield, WI is hispanic, making up 24.4% of the population. Foreign-born residents account for 11.6% of the population in Greenfield, WI, and this percentage has increased by 5.5% 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 | 61.2% | -16.7% |
% Black | 4.7% | 4.4% |
% Hispanic | 24.4% | 41.9% |
% Asian | 7.0% | 75.0% |
% Foreign Born | 11.6% | 5.5% |
Mortgage and Risk — Greenfield, WI
According to HUD data as of 2023, there were 347 mortgage originations in Greenfield, WI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Greenfield, WI. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Greenfield, WI
Greenfield, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 314 |
Total Units Section 8 | 266 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,060 | $1,050 |
| 2 Bedroom | $50 | $1,200 | $1,250 |
| 3 Bedroom | -$130 | $1,680 | $1,550 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Greenfield, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $284,000 |
| Median Household Income | $69,300 |