Greenwood, AR—72936
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenwood, AR
As of Oct '25, the median home price in Greenwood, AR is $231,000, with a year-over-year change of 3.0%. This indicates that home prices in Greenwood, AR are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 3.0% |
| Single Family | $231,000 | 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 | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Greenwood, AR
As of July '25, Rentcast reports the average rent in Greenwood, AR is $1,380, with a year-over-year rent change of 35.3%. Per bedroom, the median rent as of July '25 in Greenwood, AR is 1-bedrooms: $1,150, 2-bedrooms: $883, 3-bedrooms: $1,440, 4-bedrooms: $1,850. The most common rental property sizes in Greenwood, AR are 2-bedroom and 3-bedroom, accounting for 39.7% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $1,150 |
| 2 Bed Rent | $900 | $883 |
| 3 Bed Rent | $1,400 | $1,440 |
| 4 Bed Rent | $1,850 | $1,850 |
% of Rental Stock
Property Listings — Greenwood, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenwood, AR is 86. This is a increase of 20.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -1.0% |
Listing Count | 62 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 86 | 20.0% |
Demographics — Greenwood, AR
As of the latest ACS Survey released in 2023, Greenwood, AR has a population of 14,200, which has decreased by -4.6% over the past 5 years. Greenwood, AR is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -4.6% |
% Under 18 | 25.0% | -8.4% |
% Seniors | 19.4% | 26.0% |
% WFH | 6.0% | 1,400.0% |
% w/ College Degree | 27.5% | 31.6% |
As of the latest ACS Survey released in 2023, Greenwood, AR is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Greenwood, AR is hispanic, making up 6.6% of the population. Foreign-born residents account for 1.6% of the population in Greenwood, AR, and this percentage has increased by 33.3% 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 | 85.3% | -9.4% |
% Black | 0.9% | 200.0% |
% Hispanic | 6.6% | 214.3% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 1.6% | 33.3% |
Mortgage and Risk — Greenwood, AR
According to HUD data as of 2023, there were 307 mortgage originations in Greenwood, AR, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Greenwood, AR. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Greenwood, AR
As of 2024, the percent of homes in Greenwood, AR under the Section 8 program is 2.2%. 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, AR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $550 | $710 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | -$140 | $1,400 | $1,260 |
| 4 Bedroom | -$320 | $1,850 | $1,530 |
Affordability — Greenwood, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $231,000 |
| Median Household Income | $72,200 |