Greenwood, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Greenwood Neighborhoods Since 2000




Greenwood, IN Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Greenwood Housing Market Information

With 55,586 people, 20,975 houses or apartments, and a median cost of homes of $162,847, Greenwood real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Greenwood, accounting for 57.35% of the city's housing units. Other types of housing that are prevalent in Greenwood include large apartment complexes or high rise apartments ( 26.75%), row houses and other attached homes ( 7.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.59%).

The most prevalent building size and type in Greenwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.60% owning and 42.40% renting.

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 ( 31.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.10%). There's also some housing in Greenwood built before 1939 ( 2.57%).

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 9.15%, which ranks in the top 40% nationwide. This equates to an annual average Greenwood house appreciation rate of 0.88%.

Appreciation rates are so strong in Greenwood that despite a nationwide downturn in the housing market, Greenwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenwood appreciation rates continue to be some of the highest in America, at 7.18%, which is higher than appreciation rates in 77.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenwood. Greenwood appreciation rates in the latest quarter were at 4.94%, which equates to an annual appreciation rate of 21.27%.

Importantly, NeighborhoodScout’s exclusive research found that Greenwood's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Indiana, our data show that Greenwood's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Greenwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenwood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Greenwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$162,847

Greenwood, IN HOME PRICES

Value Range
> $1,165,000 0.2
$873,001 - $1,165,000 0.1
$582,001 - $873,000 0.4
$466,001 - $582,000 1.3
$349,001 - $466,000 3.6
$233,001 - $349,000 10.1
$116,001 - $233,000 61.6
$58,001 - $116,000 18.6
$0 - $58,000 4.1

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
45.9043269512267 22.6244343891403

Number Of Homes And Apartments:
20,975

Greenwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
19.64% 1.03% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,105 / per month

Homeownership Rate

Homeownership
Owners 57.60
Renters 42.40
Vacant 8.49

Housing Market Details

 

Age of Homes

AGE OF Greenwood HOMES
2000 or Newer 31.1
1970 - 1999 49.2
1940 - 1969 17.1
1939 or Older 2.6

Types of Homes

TYPE OF Greenwood HOMES
Single-Family 57.3
Townhomes 7.8
Small Apt. Buildings 5.6
Apt. Complexes 26.7
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Greenwood HOMES
No Bedroom 1.68
1 Bedroom 12.63
2 Bedrooms 26.12
3 Bedrooms 41.44
4 Bedrooms 15.68
5 or more bedrooms 2.45