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City · 9,616 residents · Sebastian County, Arkansas

Greenwood , Arkansas

In Greenwood, a typical home is worth $182,900 and typical rent is $836 a month. Compared with all of Sebastian County, typical household income is 16% higher, typical rent is 6% lower, and the share of households that own their home is 13 points higher.

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  • Typical home value

    $182,900

    4% above the county

    3% below Arkansas

    • Greenwood
    • Sebastian
    • Arkansas

  • Typical rent

    $836a month

    6% below the county

    12% below Arkansas

    • Greenwood
    • Sebastian
    • Arkansas

  • Typical household income

    $66,844a year

    16% above the county

    10% above Arkansas

    • Greenwood
    • Sebastian
    • Arkansas

  • Households that own their home

    74%

    13 points above the county

    8 points above Arkansas

    • Greenwood
    • Sebastian
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$241,689
4.6% more than 12 months ago
Typical rent
$1,183 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Greenwood is in Sebastian County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Sebastian County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Greenwood apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Mena, the typical home value is $132,900: 27% less than in Greenwood ($182,900).

  2. Nearby, in Mena, the typical rent is $639: 24% less than in Greenwood ($836).

  3. 74% of households in Greenwood own their home, against 61% in Sebastian County.

  4. The typical household income in Greenwood is $66,844, 16% more than in Sebastian County as a whole ($57,790).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Greenwood

What homes there are in Greenwood, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Greenwood: 83% of homes, more than in Sebastian County (70%).

Year built

Here half of the homes date from 1995 or later; in Sebastian County, from 1981 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,227 a month

Sebastian County: $1,255 a month

Without a mortgage

$431 a month

Sebastian County: $449 a month

Owners with a mortgage

64%

Sebastian County: 53%

The typical cost for an owner with a mortgage in Greenwood is $1,227 a month, near the figure in Sebastian County ($1,255).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Greenwood gained value more slowly than in Sebastian County: 35% since 2015–2019, against 43%.

Rent in Greenwood moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGreenwoodSebastian CountyArkansasUnited States
Rental vacancy Unreliable estimate6.9%6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate3.0%2.7%3.4%
People per household 2.482.432.462.53
Drive alone 80%79%79%69%
Carpool Unreliable estimate11%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 11%8%9%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

Much as in Sebastian County, a household in Greenwood has 2.48 people on average.

Many people here do not commute at all: 11% work from home; in Sebastian County, 8%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Greenwood?

A typical home is within reach of the typical income

We start with a typical home in Greenwood, worth $182,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Greenwood, which is $66,844 a year.

The calculator's FHA and conventional loan limits are those of all of Sebastian County.

Your numbers

Local data
$

Starts at the typical home value in Greenwood. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,402 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,470

at 7.18% · 30 years

Loan amount
$179,587
Total interest
$258,383
Paid off in
November 2056

Includes $3,089 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,560 a month

    Your payment · 26%

  • Tight

    $1,560 to $2,005 a month

  • Hard

    more than $2,005 a month

Compared with the typical household income in Greenwood ($66,844 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,470
Principal & interest$1,217
Property tax$96
Home insurance$76
FHA mortgage insurance (MIP)$81

You need at least $6,402 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Greenwood and Sebastian County

Greenwood is in Sebastian County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Greenwood's own numbers

Typical home value
$182,900
Typical monthly rent
$836
Typical yearly household income
$66,844
Households that own their home
74%
Effective property tax rate
0.63%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Sebastian County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$979
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
2.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Sebastian County.

Everything about Sebastian County

Buying

Buying a home in Greenwood

A typical home in Greenwood is worth $182,900: 4% above the county and 3% below Arkansas. With the typical household income in Greenwood ($66,844 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Greenwood 2.7 years
  • Sebastian 3.0 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Sebastian County

According to FHFA’s house price index, home prices in Sebastian County rose 81% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Sebastian County.

Period County Arkansas U.S.
Last year (2025) +5.9% +3.4% +2.9%
5 years (2020–2025) +57% +52% +47%
10 years (2015–2025) +81% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Greenwood next to Sebastian County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Greenwood $182,900
  • Sebastian $176,200
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Greenwood $836
  • Sebastian $886
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Greenwood $66,844
  • Sebastian $57,790
  • Arkansas $60,773
  • United States $80,734
See the full table
Greenwood next to Sebastian County and Arkansas
Measure Greenwood Sebastian County Arkansas U.S.
Typical home value $182,900 $176,200 $188,000 $332,700
Typical monthly rent $836 $886 $947 $1,413
Typical yearly household income $66,844 $57,790 $60,773 $80,734
Households that own their home 74% 61% 66% 65%
Typical yearly property tax $1,149 $1,101 $1,040 $3,119
Effective property tax rate 0.63% 0.62% 0.55% 0.94%
Renters with high rent for their income 46% 42% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sebastian County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Greenwood

For a typical $182,900 home in Greenwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Greenwood's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,470a month

    Least cash to close
    Down payment
    $6,402
    Cash to close
    $11,889
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $81

  • Conventional, 5% down $1,436a month

    Down payment
    $9,145
    Cash to close
    $14,632
    Rate
    7.18%
    Mortgage insurance
    PMI · $87

  • Conventional, 20% down, no PMI $1,163a month

    Down payment
    $36,580
    Cash to close
    $42,067
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,333a month

    Down payment
    $27,435
    Cash to close
    $32,922
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Greenwood and for Sebastian County.

Property tax

Effective rate in Greenwood

0.63%of the home’s value each year

$1,149 a year for the typical owner in Greenwood.

  • Greenwood 0.63%
  • Sebastian 0.62%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Sebastian County

FEMA does not publish these numbers by city: they are for all of Sebastian County.

Homes in the high-risk zone
2.2%
1,039
Of those, with NFIP insurance
18%
County Arkansas U.S.
Homes in the high-risk zone 2.2% 3.4% 3.5%
Of those, with NFIP insurance 18% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Greenwood

Typical rent in Greenwood is $836 a month: 6% below the county. In Greenwood, 46% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Sebastian County, by unit size. To pay the 2-bedroom one ($979 a month) without spending more than 30% of your income, you would need to earn $18.83 an hour working full time.

HUD fair market rent for all of Sebastian County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $741 $14.25 $29,640
1 bedroom $748 $14.38 $29,920
2 bedrooms $979 $18.83 $39,160
3 bedrooms $1,324 $25.46 $52,960
4 bedrooms $1,625 $31.25 $65,000

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Greenwood

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Greenwood is in ZIP code 72936.

For 2 bedrooms it is $970: $9 less than the fair market rent for Sebastian County ($979).

  • 72936 $970$1,310

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Greenwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Greenwood

HUD lists one building with rents for lower incomes in Greenwood.

  • DR. Charles Hall Homes 319 W Cedar St, Greenwood 72936 36 low-income homes · Run by Housing Authority of the City of Greenwood · Average payment: $365 a month · Average wait: 11 months (479) 996-4661

See all 19 buildings in Sebastian County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Greenwood

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Sebastian County; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Greenwood

No down payment, repair or rent-help program on our list is for Greenwood or Sebastian County. The ones below are statewide in Arkansas: they work in Greenwood the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Greenwood

The HUD-approved agencies closest to the center of Greenwood, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Crawford Sebastian Community Development Council

    1617 S Zero St, Fort Smith · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 4 more
    (479) 785-2303

  • Universal Housing Development Corporation

    301 E 3rd St, Russellville · 63 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 10 more
    (479) 968-5001

  • Credit Counseling of Arkansas

    1111 E Zion Rd, Fayetteville · 64 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (479) 521-8877

Every agency in Sebastian County All counseling agencies in Arkansas

Help in Spanish near Greenwood

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Greenwood

HUD’s record names them for Greenwood or Sebastian County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Greenwood Public housing (479) 996-4661

One other authority has an office in Sebastian County: see the list Source: HUD

Cities

Other cities in Sebastian County

These cities are also in Sebastian County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Sebastian County Housing in Arkansas

Nearby cities

The cities closest to Greenwood, with the typical home value.

Neighboring counties

If Sebastian County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Greenwood.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Greenwood

Short answers with the numbers for Greenwood and all of Sebastian County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Greenwood?

The typical home value in Greenwood is $182,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sebastian County it is $176,200.

How much does it cost to rent in Greenwood?

Typical rent in Greenwood is $836 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sebastian County is $979.

What is the FHA loan limit in Greenwood?

Greenwood uses the FHA limit for all of Sebastian County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Greenwood?

The typical homeowner in Greenwood pays $1,149 a year, according to the U.S. Census Bureau. That is 0.63% of the home’s value; in Sebastian County, the rate is 0.62%.

Where can I find free help to buy or rent in Greenwood?

There is 1 HUD-approved counseling agency with an office in Sebastian County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).