Greenwood, Richmond, IN
Greenwood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Greenwood, Richmond, 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 Richmond, Indiana, within the 47374 ZIP code. It offers residents a quiet, community-focused atmosphere within the larger city. The area provides a balanced suburban lifestyle with convenient access to Richmond's amenities.
Lifestyle & Amenities
Residents enjoy a neighborhood-centric lifestyle with local parks and nearby shopping options. The community is close to essential services and retail centers in Richmond. Its location provides a peaceful setting while remaining connected to the broader city's offerings.
Real Estate Market
The Greenwood real estate market is characterized by affordability and stability. The median home value is $116,100, and the median monthly rent is $795, making it an accessible option for many. Homes typically stay on the market for an average of 91 days, and approximately 63% of residents are homeowners.
Schools & Education
Families in Greenwood are served by the Richmond Community Schools district. The neighborhood's setting is conducive to a family-friendly environment. Specific school assignments and performance data should be verified with the local district for the most current information.
Transportation & Connectivity
The neighborhood is well-connected by Richmond's local road network, facilitating easy commutes within the city. Major state routes and Interstate 70 are easily accessible for regional travel. This connectivity supports both daily errands and longer trips to surrounding areas.
Why Choose Greenwood
Greenwood appeals to those seeking an affordable, stable community with a median household income of $50,880. Its high homeownership rate and reasonable cost of living provide a strong sense of investment and belonging. The neighborhood represents a practical and comfortable choice within the Richmond area.
Greenwood Market Data
| Metric | Value |
|---|---|
| Median Home Price | $116K |
| Median Gross Rent | $795/mo |
| Median Household Income | $51K |
| Homeownership Rate | 62.9% |
| Renter-Occupied | 37.0% |
| Rental Vacancy Rate | 5.7% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 47374 |
| 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, Richmond
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Greenwood, Richmond, 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 2026-10-12