The Most Affordable Neighborhoods in Greenfield, IN by Home Value

These days, finding an affordable place to live in the Greenfield area can be challenging. Home prices in Greenfield are now at a median cost of $235,270, higher than the Indiana average of $232,932.

The average cost of rent is $1,342/mo in Greenfield, primarily driven by the current value of real estate in the Greenfield area. In Greenfield, 27.31% of households rent, and 27.55% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Greenfield is $7,215 per month. Households that rent pay about 18.60% of their income on rent here. Greenfield’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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