Greenwood, IN housing market
Typical home value
$326K
▲ 1.1% 1 yr
Typical rent
$1,554/mo
▲ 3.2% 1 yr
Gross rent yield
5.7%
U.S. 6.3%
5-year home value change
+18%
U.S. +20%
Key takeaways
- 1The typical home in Greenwood is worth $325,851, up 1.1% over the past year and up 18% over five years.
- 2Typical rent is $1,554 a month (+3.2% YoY), a gross rent yield of 5.7% (below the Indianapolis, IN metro's 6.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,791/mo, $237 more than typical rent.
- 4Zillow forecasts the Indianapolis, IN metro's home values to change +1.9% over the next 12 months.
Market temperature (Indianapolis, IN metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 31/100, #424 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Greenwood compares
| Measure | Greenwood | Indianapolis, IN metro | United States |
|---|---|---|---|
| Typical home value | $325,851 | $291,634 | $366,157 |
| Home value, 1-yr change | +1.1% | +1.0% | +1.2% |
| Typical rent | $1,554 | $1,528 | $1,932 |
| Rent, 1-yr change | +3.2% | +3.5% | +2.7% |
| Gross rent yield | 5.7% | 6.3% | 6.3% |
| Price-to-rent ratio | 17.5 | 15.9 | 15.8 |
| Mortgage P&I, typical home | $1,791 | $1,603 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Greenwood rental, pre-filled.
Rent vs buy in Greenwood
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $326K home.
Other cities in the Indianapolis, IN metro
Indianapolis, IN
$227K home$1,375 rent
▼ 0.9% 1 yr
Fishers, IN
$445K home$1,938 rent
▲ 1.7% 1 yr
Carmel, IN
$575K home$1,864 rent
▲ 4.5% 1 yr
Noblesville, IN
$392K home$1,692 rent
▲ 2.0% 1 yr
Anderson, IN
$133K home$1,088 rent
▲ 1.1% 1 yr
Lawrence, IN
$267K home$1,540 rent
▲ 0.2% 1 yr
Avon, IN
$355K home$1,882 rent
▲ 1.3% 1 yr
Brownsburg, IN
$358K home$1,868 rent
▲ 1.4% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.