Greenfield, WI—53228
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 $343,000, with a year-over-year change of 3.1%. This indicates that home prices in Greenfield, WI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $343,000 | 3.1% |
| Single Family | $353,000 | 2.0% |
| Condos | $278,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $127,000 | -0.8% |
2 Bed | $266,000 | 3.5% |
3 Bed | $341,000 | 2.1% |
4 Bed | $412,000 | 2.0% |
| 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 $1,470, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Greenfield, WI is 2-bedrooms: $1,150, 3-bedrooms: $1,780. The most common rental property sizes in Greenfield, WI are 2-bedroom and 1-bedroom, accounting for 53.0% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $1,800 | $1,780 |
| 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 24. This is a decrease of -27.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $354,000 | 7.0% |
Listing Count | 23 | -15.0% |
| Listings as % of Homes | 0.1% | -15.0% |
Days on Market | 24 | -27.0% |
Demographics — Greenfield, WI
As of the latest ACS Survey released in 2023, Greenfield, WI has a population of 15,100, which has remained stable by 0.6% over the past 5 years. Greenfield, WI is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 36.4% 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 | 15,100 | 0.6% |
% Under 18 | 20.1% | 5.8% |
% Seniors | 23.3% | 6.9% |
% WFH | 14.0% | 180.0% |
% w/ College Degree | 36.4% | 9.6% |
As of the latest ACS Survey released in 2023, Greenfield, WI is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Greenfield, WI is hispanic, making up 9.8% of the population. Foreign-born residents account for 5.1% of the population in Greenfield, WI, and this percentage has decreased by 26.1% 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 | 79.4% | -3.4% |
% Black | 2.7% | 50.0% |
% Hispanic | 9.8% | 36.1% |
% Asian | 2.7% | -50.0% |
% Foreign Born | 5.1% | -26.1% |
Mortgage and Risk — Greenfield, WI
According to HUD data as of 2023, there were 281 mortgage originations in Greenfield, WI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Greenfield, WI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 281 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
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 | 73 |
Total Units Section 8 | 73 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | $360 | $1,100 | $1,460 |
| 3 Bedroom | $10 | $1,800 | $1,810 |
| 4 Bedroom | N/A | N/A | $1,980 |
Affordability — Greenfield, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $343,000 |
| Median Household Income | $75,300 |