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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Greenwood, AR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greenwood, AR Housing Market Trends

With a population of 9,617, 3,872 total housing units (homes and apartments), and a median house value of $217,069, 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 82.95% 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 ( 8.44%), large apartment complexes or high rise apartments ( 5.64%), and a few row houses and other attached homes ( 2.97%).

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 72.56% of Greenwood's homes, and 72.19% 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 ( 32.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.59%). There's also some housing in Greenwood built before 1939 ( 5.52%).

Greenwood Home Appreciation Rates

Real estate appreciation rates in Greenwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.76% during the period.

NeighborhoodScout's data show that during the latest twelve months, Greenwood's appreciation rate, at 4.46%, has been at or slightly above the national average. In the latest quarter, Greenwood's appreciation rate has been -0.12%, which annualizes to a rate of -0.47%.

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 60% of the other cities and towns in Arkansas.

Average Home Values

Median Home Value

$217,069

Greenwood, AR Home Prices
> $1,510,000
$1,132,001 - $1,510,000
$755,001 - $1,132,000
$604,001 - $755,000
$453,001 - $604,000
$302,001 - $453,000
$151,001 - $302,000
$76,001 - $151,000
$0 - $76,000
0.8%
0.8%
0.2%
0.2%
1.7%
1.7%
1.4%
1.4%
6.8%
6.8%
17.1%
17.1%
42.2%
42.2%
24.8%
24.8%
5.0%
5.0%
0% 100.0%
% of Homes
Very High

for Arkansas

Average

for nation

Number of Homes And Apartments:

3,872

Greenwood Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,388 / per month

Homeownership Rate

Owners
Renters
Vacant
72.6%
72.6%
27.4%
27.4%
6.6%
6.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.5%
32.5%
47.3%
47.3%
14.6%
14.6%
5.5%
5.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.9%
82.9%
3.0%
3.0%
8.4%
8.4%
5.6%
5.6%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
1.5%
1.5%
24.7%
24.7%
58.2%
58.2%
14.0%
14.0%
0.4%
0.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Greenwood

Zip Codes in Greenwood, AR