Greenwood, Decatur, IL
Greenwood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Greenwood, Decatur, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Greenwood Neighborhood Overview
Greenwood is a residential neighborhood located in the northeastern part of Decatur, Illinois. Characterized by its quiet streets and established community feel, it offers a suburban atmosphere within the city limits. The area provides residents with a balanced lifestyle of accessibility and tranquility.
Lifestyle & Amenities
Residents enjoy convenient access to local shopping and dining options along North Water Street and Pershing Road. The neighborhood's proximity to Fairview Park offers opportunities for outdoor recreation, including walking paths and sports facilities. Daily necessities and services are readily available within a short drive of most homes.
Real Estate Market
The real estate in Greenwood primarily consists of single-family homes, many of which are well-maintained, mid-century properties. According to U.S. Census data, the median home value in the area is approximately $119,000. This market presents an affordable entry point for homeowners and investors seeking value in Decatur.
Schools & Education
Greenwood is served by the Decatur Public Schools district. Families in the neighborhood have access to several public schools at the elementary, middle, and high school levels. The specific schools serving the area can be confirmed through the district's boundary maps.
Transportation & Connectivity
The neighborhood is conveniently located near major thoroughfares like U.S. Route 36, providing efficient connections to downtown Decatur and other parts of the city. Decatur Public Transit offers bus service along key routes for residents who utilize public transportation. For longer trips, Decatur Airport is situated a short drive to the southwest.
Why Choose Greenwood
Greenwood appeals to homebuyers seeking an affordable, stable community with a median household income of about $62,955. Its established neighborhood feel and convenient location offer a practical and comfortable living environment. For those looking to put down roots in Decatur, Greenwood represents a solid value with essential amenities close at hand.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Greenwood Market Data
| Metric | Value |
|---|---|
| Median Home Price | $119K |
| Median Gross Rent | $850/mo |
| Median Household Income | $63K |
| Homeownership Rate | 73.4% |
| Renter-Occupied | 26.6% |
| Rental Vacancy Rate | 10.9% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 62521 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Greenwood, Decatur
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Greenwood, Decatur, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15