Greenwood, Hammond, IN
Greenwood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Greenwood, Hammond, Indiana. 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 northern section of Hammond, Indiana. It offers a quiet, community-focused atmosphere within the larger urban landscape of Northwest Indiana. The area is characterized by its proximity to major transportation routes and its established, affordable housing stock.
Lifestyle & Amenities
Residents enjoy a convenient lifestyle with easy access to local shopping and dining options along major thoroughfares like Indianapolis Boulevard. The neighborhood's location provides quick routes to larger commercial centers and the natural spaces along the Lake Michigan shoreline. Community parks and recreational facilities serve the area's families.
Real Estate Market
The Greenwood real estate market is defined by its affordability, with a U.S. Census median home value of $97,500. This price point makes homeownership accessible, featuring primarily single-family homes from the mid-20th century. The market attracts first-time buyers and those seeking value in the Chicago metropolitan region.
Schools & Education
Greenwood is served by the School City of Hammond public school district. Families in the neighborhood have access to local elementary, middle, and high schools within the district. The area is also in close proximity to several higher education institutions in the broader region.
Transportation & Connectivity
Greenwood is exceptionally well-connected, bordered by the Borman Expressway (I-80/94) for direct regional travel. The South Shore Line's Hammond station provides reliable commuter rail service to downtown Chicago. Major state routes and bus lines offer additional local and regional transit options.
Why Choose Greenwood
Greenwood is an ideal choice for budget-conscious homebuyers seeking a stable community with outstanding transportation links. Its high connectivity to Chicago and the wider region balances its quiet, residential feel. The neighborhood offers practical Midwestern living with a median household income of $34,806, reflecting its working-class roots and value.
Greenwood Market Data
| Metric | Value |
|---|---|
| Median Home Price | $98K |
| Median Gross Rent | $832/mo |
| Median Household Income | $35K |
| Homeownership Rate | 42.7% |
| Renter-Occupied | 57.3% |
| Rental Vacancy Rate | 3.1% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 46320 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Greenwood, Hammond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Greenwood, Hammond, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — 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 2026-10-14