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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 $1,171,169, higher than the Minnesota average of $345,793.
The average cost of rent is $1,687/mo in Greenwood, primarily driven by the current value of real estate in the Greenwood area. In Greenwood, 23.71% of households rent, and 30.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Greenwood is $15,463 per month. Households that rent pay about 10.91% of their income on rent here. Greenwood’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Excelsior, MN: less expensive homes
- Shorewood, MN: less expensive homes
- Tonka Bay, MN: less expensive homes
- Deephaven, MN: less expensive homes
- Minnetonka Beach, MN: higher priced homes
- Woodland, MN: higher priced homes
- Chanhassen, MN: less expensive homes
- Spring Park, MN: less expensive homes
- Orono, MN: less expensive homes
- Minnetonka, MN: less expensive homes
Cities with Similar Populations
- Roby, TX: less expensive homes
- Kinderlou, GA: less expensive homes
- Kneeland, WI: less expensive homes
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- Lakewood, WI: less expensive homes
- Lakota, ND: less expensive homes
- Leakey, TX: less expensive homes
- Queen Anne, MD: less expensive homes
- Richelieu, KY: less expensive homes
- Ridgeland, WI: less expensive homes
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