Greenwood, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greenwood, AR Real Estate Data


Greenwood Housing Market Information

With a population of 9,322, 3,176 total housing units (homes and apartments), and a median house value of $131,283, house prices in Greenwood are solidly below the national average.

Single-family detached homes are the single most common housing type in Greenwood, accounting for 86.49% of the city's housing units. Other types of housing that are prevalent in Greenwood include duplexes, homes converted to apartments or other small apartment buildings ( 7.55%), large apartment complexes or high rise apartments ( 4.58%), and a few mobile homes or trailers ( 1.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Greenwood. Owner-occupied housing accounts for 70.59% of Greenwood's homes, and 73.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Greenwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Greenwood built between 2000 and later ( 24.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.39%). There's also some housing in Greenwood built before 1939 ( 4.58%).

Greenwood Home Appreciation Rates

Appreciation rates for homes in Greenwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.17%, which ranks in the top 40% nationwide. This equates to an annual average Greenwood house appreciation rate of 0.88%.

Over the last year, Greenwood appreciation rates have trailed the rest of the nation. In the last twelve months, Greenwood's appreciation rate has been 2.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenwood were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Notably, Greenwood's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Greenwood's latest annual appreciation rate is lower than 50% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$131,283

Greenwood, AR HOME PRICES

Value Range
> $1,071,000 0.1
$803,001 - $1,071,000 0.4
$535,001 - $803,000 0.7
$428,001 - $535,000 1.7
$321,001 - $428,000 1.8
$214,001 - $321,000 15.1
$107,001 - $214,000 47.4
$54,001 - $107,000 26.6
$0 - $54,000 6.3

High for AR
Average for Nation

Value Relative to Nation Value Relative to State
58.9124575178718 21.830985915493

Number Of Homes And Apartments:
3,176

Rent & Ownership

 

Average Market Rent:
$874 / per month

Homeownership Rate

Homeownership
Owners 70.59
Renters 29.41
Vacant 6.73

Housing Market Details

 

Age of Homes

AGE OF Greenwood HOMES
2000 or Newer 24.6
1970 - 1999 58.5
1940 - 1969 12.4
1939 or Older 4.6

Types of Homes

TYPE OF Greenwood HOMES
Single-Family 86.5
Townhomes 0.3
Small Apt. Buildings 7.5
Apt. Complexes 4.6
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Greenwood HOMES
No Bedroom 1.12
1 Bedroom 5.05
2 Bedrooms 16.71
3 Bedrooms 58.47
4 Bedrooms 15.30
5 or more bedrooms 3.35

Greenwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
35.43% 1.77% 5 4
* 10 is highest

Popular Neighborhoods in Greenwood

Zip Codes in Greenwood, AR