Greenwood, AR housing market
The typical Greenwood home is worth about $244,000, up 5% in a year, 7% above the Arkansas typical home. Homes typically sell in 35 days, below asking.
Home values, sales, trends and how Greenwood compares with the towns next door — updated as new data is published.
Greenwood at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Greenwood | Arkansas |
|---|---|---|
| 2017 | $145,000 | $140,000 |
| 2018 | $151,000 | $145,000 |
| 2019 | $155,000 | $149,000 |
| 2020 | $168,000 | $156,000 |
| 2021 | $176,000 | $172,000 |
| 2022 | $202,000 | $197,000 |
| 2023 | $215,000 | $206,000 |
| 2024 | $221,000 | $212,000 |
| 2025 | $230,000 | $220,000 |
| 2026 | $238,000 | $224,000 |
| August 2026 | $244,000 | $227,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in Greenwood in 2025, all single-family houses, worth about $1.3 million to build. That's 0.5 per 1,000 residents, slower than across Arkansas (7.6). Over the past 10 years, Greenwood has permitted 287 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Greenwood gained 564 residents while 309 new homes were permitted: about 1.8 new residents per new home. Building and growth moved roughly in step. Across Arkansas: 1.1 new residents per new home.
How Greenwood ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $1.4 million |
| 2025 | 5 | 5 | 0 | $1.3 million |
| 2024 | 37 | 20 | 17 | $10.7 million |
| 2023 | 25 | 25 | 0 | $5.3 million |
| 2022 | 56 | 15 | 41 | $15.4 million |
| 2021 | 10 | 8 | 2 | $3.7 million |
| 2020 | 45 | 13 | 32 | $6.2 million |
| 2019 | 23 | 19 | 4 | $5.9 million |
| 2018 | 22 | 12 | 10 | $3.7 million |
| 2017 | 27 | 27 | 0 | $8.5 million |
| 2016 | 37 | 31 | 6 | $8 million |
| 2015 | 29 | 27 | 2 | $7.5 million |
| 2014 | 20 | 20 | 0 | $4.9 million |
| 2013 | 28 | 28 | 0 | $6.7 million |
| 2012 | 35 | 35 | 0 | $7.8 million |
| 2011 | 34 | 34 | 0 | $6 million |
| 2010 | 54 | 54 | 0 | $12.7 million |
| 2009 | 50 | 50 | 0 | $7.3 million |
| 2008 | 48 | 48 | 0 | $7 million |
| 2007 | 82 | 82 | 0 | $11.9 million |
| 2006 | 85 | 79 | 6 | $10.1 million |
| 2005 | 128 | 128 | 0 | $15.9 million |
| 2004 | 109 | 109 | 0 | $9.2 million |
| 2003 | 80 | 72 | 8 | $8.1 million |
| 2002 | 66 | 66 | 0 | $6.4 million |
| 2001 | 53 | 53 | 0 | $6.5 million |
| 2000 | 47 | 47 | 0 | $4.8 million |
How Greenwood ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.6 years of income
The typical Greenwood home costs about 3.6 years of the town's median household income, about the same as across Arkansas (3.7).
How Greenwood ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $950
HUD's Fair Market Rent for a two-bedroom in Greenwood is $950 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Greenwood pay a median of $836, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $690 · 4 bedrooms $1,550
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (72936; Fort Smith, AR-OK MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.