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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,572, 1,881 total housing units (homes and apartments), and a median house value of $106,086, house prices in Greenfield are solidly below the national average.
Single-family detached homes are the single most common housing type in Greenfield, accounting for 68.51% of the city's housing units. Other types of housing that are prevalent in Greenfield include duplexes, homes converted to apartments or other small apartment buildings ( 18.01%), row houses and other attached homes ( 6.65%), and a few large apartment complexes or high rise apartments ( 5.72%).
People in Greenfield primarily live in small (one, two or no bedroom) single-family detached homes. Greenfield has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Greenfield's housing was primarily built during this period, from the '40s through the '60s. A full 34.58% of the city's housing hails from this era. Other housing ages represented in Greenfield include homes built before 1939 ( 32.04%) and housing constructed between 1970-1999 ( 23.31%). There's also some housing in Greenfield built between 2000 and later ( 10.06%).
Vacant housing appears to be an issue in Greenfield. Fully 13.16% of the housing stock is classified as vacant. Left unchecked, vacant Greenfield homes and apartments can be a drag on the real estate market, holding Greenfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Greenfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.
NeighborhoodScout's data show that during the latest twelve months, Greenfield's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, Greenfield's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.
Notably, Greenfield's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Greenfield's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
|$872,001 - $1,163,000||0.6|
|$581,001 - $872,000||0.4|
|$465,001 - $581,000||1.3|
|$349,001 - $465,000||1.3|
|$233,001 - $349,000||7.6|
|$116,001 - $233,000||26.4|
|$58,001 - $116,000||39.7|
|$0 - $58,000||22.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Greenfield HOMES|
|2000 or Newer||10.1|
|1970 - 1999||23.3|
|1940 - 1969||34.6|
|1939 or Older||32.0|
|TYPE OF Greenfield HOMES|
|Small Apt. Buildings||18.0|
|SIZE OF Greenfield HOMES|
|5 or more bedrooms||2.31|