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These days, finding an affordable place to live in the Greenwood area can be challenging. Home prices in Greenwood are now at a median cost of $309,646, higher than the Indiana average of $232,932.
The average cost of rent is $1,504/mo in Greenwood, primarily driven by the current value of real estate in the Greenwood area. In Greenwood, 29.76% of households rent, and 33.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Greenwood is $8,222 per month. Households that rent pay about 18.29% of their income on rent here. Greenwood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Whiteland, IN: less expensive homes
- Southport, IN: less expensive homes
- Whiteland, IN: less expensive homes
- Homecroft, IN: less expensive homes
- Bargersville, IN: higher priced homes
- Hopewell, IN: equally priced homes
- Fox Hill, IN: less expensive homes
- Beech Grove, IN: less expensive homes
- Needham, IN: equally priced homes
- Franklin, IN: less expensive homes
Cities with Similar Populations
- Tracy, CA: higher priced homes
- Santa Monica, CA: higher priced homes
- San Leandro, CA: higher priced homes
- Fishers, IN: higher priced homes
- Nashua, NH: higher priced homes
- Williamsburg, VA: higher priced homes
- Holland, MI: equally priced homes
- Mount Pleasant, SC: higher priced homes
- Sanford, FL: higher priced homes
- San Tan Valley, AZ: higher priced homes
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