Home Price Key
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Average
Expensive
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 $108,897, lower than the Michigan average of $196,062.
The average cost of rent is $789/mo in Greenwood, primarily driven by the current value of real estate in the Greenwood area. While nearly 54.97% of residents own their homes outright in Greenwood, 14.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Greenwood is $3,983 per month. Households that rent pay about 19.80% of their income on rent here. Greenwood's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Alger, MI: equally priced homes
- West Branch, MI: higher priced homes
- Sugar Rapids, MI: higher priced homes
- Skidway Lake, MI: less expensive homes
- Prescott, MI: less expensive homes
- Selkirk, MI: equally priced homes
- Sterling, MI: equally priced homes
- Hockaday, MI: higher priced homes
- St. Helen, MI: less expensive homes
- Wooden Shoe Village, MI: higher priced homes
Cities with Similar Populations
- Malvern, IA: higher priced homes
- Smartville, CA: higher priced homes
- New Rockford, ND: equally priced homes
- Morristown, MN: higher priced homes
- Minatare, NE: higher priced homes
- Milton, LA: higher priced homes
- Menan, ID: higher priced homes
- Allen, MI: higher priced homes
- Marathon City, WI: higher priced homes
- Manly, IA: less expensive homes
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