Greenwood
Greenwood city, Arkansas
Greenwood, Arkansas, offers a refreshing breath of affordability, a quality that's increasingly rare in today's real estate market. With a population just shy of 10,000, this charming town provides a close-knit community feel, far removed from the hustle of larger cities. The median home value here hovers around $163,900, a stark contrast to the national median, making homeownership a realistic goal for many. This affordability extends to the overall cost of living, allowing residents to enjoy a comfortable lifestyle without breaking the bank. Greenwood isn't just about saving money; it's about a lifestyle that prioritizes community and a slower pace of life, a perfect haven for those seeking a balance between convenience and tranquility.
From an investment perspective, Greenwood presents a compelling opportunity. The median household income of $63,232 indicates a stable local economy, supporting a healthy housing market. The town's commitment to safety and community further enhances its appeal to families and individuals seeking a secure environment. Greenwood is ideally suited for first-time homebuyers, those seeking a more affordable retirement option, or investors looking for properties with strong potential for appreciation. Its small-town charm, combined with its affordability and sense of community, makes Greenwood a highly desirable location for those seeking a balanced, fulfilling lifestyle.
Greenwood, Arkansas at a Glance
Greenwood is a city in Greenwood city, Arkansas with a population of approximately 9,544. The median home value is $163,900 and the median household income is $63,232. It has a Walk Score of 2 out of 100, indicating car dependency. The violent crime rate is 5.6 per 1,000 residents, compared to the national average of 3.6. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $769 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$163,900
Median Income
$63,232
Population
9,544
Walk Score
2
Air Quality
AQI 40
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 9,544
- Median Age
- N/A
- Median Household Income
- $63,232
15% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 11.6%
6% below nat'l avg
- Median Home Value
- $163,900
42% below nat'l avg
- Median Rent
- $769
34% below nat'l avg
- Homeownership Rate
- 77.0%
17% above nat'l avg
- Affordability Index
- 208
108% above nat'l avg
- Violent Crime Rate
- 5.6 per 1K
56% above nat'l avg
- Property Crime Rate
- 25.1 per 1K
32% above nat'l avg
- AQI
- 40
5% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 79.29
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 12.3¢/kWh
26% below nat'l avg
- Est. Monthly Electric
- $111
19% below nat'l avg
- Unemployment Rate
- 3.3%
11% below nat'l avg
- Poverty Rate
- 11.6%
6% below nat'l avg
Political Landscape
→ Politically stable
Based on Faulkner County county-level presidential election data
Culture & Things to Do in Greenwood
Greenwood Freedom Fest
Annual Independence Day celebration with fireworks and festivities.
Sebastian County Fair
A county fair featuring agricultural exhibits, carnival rides, and entertainment.
Greenwood Christmas Parade
An annual parade celebrating the holiday season.
Greenwood Fall Festival
A fall festival with arts and crafts, food vendors, and live music.
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