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City · 24,940 residents · Hancock County, Indiana

Greenfield , Indiana

In Greenfield, a typical home is worth $216,400 and typical rent is $1,177 a month. Compared with all of Hancock County, the typical home value is 21% lower, typical household income is 18% lower, and the share of households that own their home is 15 points lower.

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  • Typical home value

    $216,400

    21% below the county

    About the same as Indiana

    • Greenfield
    • Hancock
    • Indiana

  • Typical rent

    $1,177a month

    2% below the county

    11% above Indiana

    • Greenfield
    • Hancock
    • Indiana

  • Typical household income

    $76,127a year

    18% below the county

    6% above Indiana

    • Greenfield
    • Hancock
    • Indiana

  • Households that own their home

    65%

    15 points below the county

    6 points below Indiana

    • Greenfield
    • Hancock
    • Indiana

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

Market now, with Zillow data

Zillow data
Typical home value
$288,522
1.6% more than 12 months ago
Typical rent
$1,666 a month
6.4% more than 12 months ago

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

Greenfield is in Hancock 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 Hancock County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Greenfield apart

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

  1. 65% of households in Greenfield own their home, against 80% in Hancock County.

  2. The typical home in Greenfield is worth $216,400, 21% less than in Hancock County as a whole ($274,800).

  3. The typical household income in Greenfield is $76,127, 18% less than in Hancock County as a whole ($93,186).

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

The homes here

Housing in Greenfield

What homes there are in Greenfield, 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

In Greenfield, 7 in 10 homes are single-family detached houses; in Hancock County, 8.

Year built

Homes in Greenfield are newer: the typical year built is 1995; in Hancock County, 1991.

There are fewer big homes in Greenfield than in Hancock County: 64% have 3 bedrooms or more, against 77%.

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

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Greenfield sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,359 a month

Hancock County: $1,538 a month

Without a mortgage

$500 a month

Hancock County: $562 a month

Owners with a mortgage

73%

Hancock County: 71%

Owning costs less in Greenfield: with a mortgage, the typical cost is $1,359 a month; in Hancock County, $1,538. Without one, $500.

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 Greenfield gained value more slowly than in Hancock County: 56% since 2015–2019, against 62%.

Much as in Hancock County, the typical rent in Greenfield rose 36% since 2015–2019.

To compare: typical income in Greenfield rose 43%; the home, +56%; the rent, +36%.

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

MeasureGreenfieldHancock CountyIndianaUnited States
Rental vacancy Unreliable estimate5.8%5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.8%3.4%
People per household 2.292.492.462.53
Drive alone 79%75%76%69%
Carpool 7%7%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 11%16%11%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Greenfield are smaller: 2.29 people on average; in Hancock County, 2.49.

To get to work, 79% of workers in Greenfield drive alone; in Hancock County, 75%.

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 Greenfield?

A typical home is within reach of the typical income

We start with a typical home in Greenfield, worth $216,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Greenfield, which is $76,127 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Greenfield. 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 $7,574 (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

$1,743

at 7.18% · 30 years

Loan amount
$212,480
Total interest
$305,710
Paid off in
November 2056

Includes $3,654 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,776 a month

    Your payment · 27%

  • Tight

    $1,776 to $2,284 a month

  • Hard

    more than $2,284 a month

Compared with the typical household income in Greenfield ($76,127 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,743
Principal & interest$1,439
Property tax$117
Home insurance$90
FHA mortgage insurance (MIP)$96

You need at least $7,574 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

Greenfield and Hancock County

Greenfield is in Hancock County, Indiana. 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).

Greenfield's own numbers

Typical home value
$216,400
Typical monthly rent
$1,177
Typical yearly household income
$76,127
Households that own their home
65%
Effective property tax rate
0.65%

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

Numbers for all of Hancock County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+56%
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 Hancock County.

Everything about Hancock County

Buying

Buying a home in Greenfield

A typical home in Greenfield is worth $216,400: 21% below the county and about the same as Indiana. With the typical household income in Greenfield ($76,127 a year), a typical home costs 2.8 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.

  • Greenfield 2.8 years
  • Hancock 2.9 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hancock County

According to FHFA’s house price index, home prices in Hancock County rose 102% in the 10 years through 2025.

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

Period County Indiana U.S.
Last year (2025) +5.6% +4.3% +2.9%
5 years (2020–2025) +56% +53% +47%
10 years (2015–2025) +102% +95% +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

Greenfield next to Hancock County, Indiana and the U.S.

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

Typical home value
  • Greenfield $216,400
  • Hancock $274,800
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Greenfield $1,177
  • Hancock $1,203
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Greenfield $76,127
  • Hancock $93,186
  • Indiana $71,957
  • United States $80,734
See the full table
Greenfield next to Hancock County and Indiana
Measure Greenfield Hancock County Indiana U.S.
Typical home value $216,400 $274,800 $218,200 $332,700
Typical monthly rent $1,177 $1,203 $1,062 $1,413
Typical yearly household income $76,127 $93,186 $71,957 $80,734
Households that own their home 65% 80% 71% 65%
Typical yearly property tax $1,415 $1,806 $1,614 $3,119
Effective property tax rate 0.65% 0.66% 0.74% 0.94%
Renters with high rent for their income 49% 40% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hancock 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 Greenfield

For a typical $216,400 home in Greenfield, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Greenfield's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,743a month

    Least cash to close
    Down payment
    $7,574
    Cash to close
    $14,066
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $96

  • Conventional, 5% down $1,703a month

    Down payment
    $10,820
    Cash to close
    $17,312
    Rate
    7.18%
    Mortgage insurance
    PMI · $103

  • Conventional, 20% down, no PMI $1,380a month

    Down payment
    $43,280
    Cash to close
    $49,772
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,580a month

    Down payment
    $32,460
    Cash to close
    $38,952
    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 Greenfield and for Hancock County.

Property tax

Effective rate in Greenfield

0.65%of the home’s value each year

$1,415 a year for the typical owner in Greenfield.

  • Greenfield 0.65%
  • Hancock 0.66%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Hancock County

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

Homes in the high-risk zone
2.2%
651
Of those, with NFIP insurance
21%
County Indiana U.S.
Homes in the high-risk zone 2.2% 2.3% 3.5%
Of those, with NFIP insurance 21% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Greenfield

Typical rent in Greenfield is $1,177 a month: 2% below the county. In Greenfield, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hancock County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.

HUD fair market rent for all of Hancock 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 $1,187 $22.83 $47,480
1 bedroom $1,336 $25.69 $53,440
2 bedrooms $1,536 $29.54 $61,440
3 bedrooms $1,991 $38.29 $79,640
4 bedrooms $2,425 $46.63 $97,000

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 Greenfield

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Greenfield is in ZIP code 46140.

For 2 bedrooms it is $1,430: $106 less than the fair market rent for Hancock County ($1,536).

  • 46140 $1,430$1,850

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Greenfield 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 Greenfield

HUD lists 8 buildings with rents for lower incomes in Greenfield. These are the largest.

  • Prairie Meadows Apts 110 Switch Grass Dr, Greenfield 46140 85 low-income homes · In service since 2010 · For families
  • Good Shepherd Community 301 W Green Meadows Dr, Greenfield 46140 80 low-income homes · For older adults (317) 462-8718
  • Prairie Meadows Apartments, Phase II 2915 Sweet Grass Ln, Greenfield 46140 76 low-income homes · 1 bd: 24 · 2 bd: 44 · 3 bd: 8 · In service since 2017 · For people with disabilities, families
  • Reflections at Bluestone Seniors Housing Campus I 1419 N Blue Rd, Greenfield 46140 62 low-income homes · Studio: 12 · 1 bd: 30 · 2 bd: 20 · In service since 2012 · For older adults
  • Broadway Flats 210 Center St, Greenfield 46140 54 low-income homes · 1 bd: 16 · 2 bd: 38 · In service since 2019 · For families

See all 10 buildings in Hancock County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Greenfield

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.

We found no HUD-approved agencies with an office in Hancock County. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Greenfield

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

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Greenfield

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

  • Transition Resources - Pendleton

    600 Corporation Dr Ste 105, Pendleton · 15 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (866) 844-8556

  • Intend Indiana, Inc

    1704 Bellefontaine St, Indianapolis · 20 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 924-8116

  • Indianapolis Neighborhood Housing Partnership

    2690 N Meridian St, Indianapolis · 20 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 610-4663

All counseling agencies in Indiana

Help in Spanish near Greenfield

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 Greenfield

HUD lists no housing authority with an office in Hancock County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Indiana Source: HUD

Cities

Other cities in Hancock County

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

Everything about Hancock County Housing in Indiana

Nearby cities

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

Neighboring counties

If Hancock 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 Greenfield.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Greenfield

Short answers with the numbers for Greenfield and all of Hancock 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 Greenfield?

The typical home value in Greenfield is $216,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hancock County it is $274,800.

How much does it cost to rent in Greenfield?

Typical rent in Greenfield is $1,177 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hancock County is $1,536.

What is the FHA loan limit in Greenfield?

Greenfield uses the FHA limit for all of Hancock 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 Greenfield?

The typical homeowner in Greenfield pays $1,415 a year, according to the U.S. Census Bureau. That is 0.65% of the home’s value; in Hancock County, the rate is 0.66%.

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

We found no HUD-approved counseling agencies with an office in Hancock County; the nearest ones are on this page. 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).