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City · 14,086 residents · Leflore County, Mississippi

Greenwood , Mississippi

In Greenwood, a typical home is worth $108,900 and typical rent is $678 a month. Compared with all of Leflore County, the typical home value is 8% higher.

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  • Typical home value

    $108,900

    8% above the county

    36% below Mississippi

    • Greenwood
    • Leflore
    • Mississippi

  • Typical rent

    $678a month

    About the same as the county

    29% below Mississippi

    • Greenwood
    • Leflore
    • Mississippi

  • Typical household income

    $35,473a year

    About the same as the county

    37% below Mississippi

    • Greenwood
    • Leflore
    • Mississippi

  • Households that own their home

    53%

    About the same as the county

    17 points below Mississippi

    • Greenwood
    • Leflore
    • Mississippi

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

Market now, with Zillow data

Zillow data
Typical home value
$82,656
3.7% less than 12 months ago

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

Greenwood is in Leflore 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 Leflore 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. Greenwood has the 2nd lowest typical household income of the 67 cities in Mississippi with more than 5,000 people ($35,473).

  2. Greenwood has the 4th lowest typical rent of the 66 cities in Mississippi with more than 5,000 people ($678).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Greenwood fell 3.7%; in Mississippi, it rose 2.2%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

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

As in Leflore County, most homes in Greenwood are detached houses (73%).

Year built

Homes in Greenwood are older: the typical year built is 1968; in Leflore County, 1973.

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

The FHA limit for Leflore County is high ($541,287): at least 97% of owner-occupied homes in Greenwood are worth less than $500,000.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Leflore County is $905; about 68% of rents in Greenwood are below it.

With a mortgage

$1,322 a month

Leflore County: $1,146 a month

Without a mortgage

$452 a month

Leflore County: $447 a month

Owners with a mortgage

41%

Leflore County: 44%

Owning costs more in Greenwood: with a mortgage, the typical cost is $1,322 a month; in Leflore County, $1,146. Without one, $452.

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

The typical home value in Greenwood rose 24% since 2015–2019, about the same as in Leflore County (25%).

Since 2015–2019, the typical rent in Greenwood did not change clearly, according to the Census.

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

MeasureGreenwoodLeflore CountyMississippiUnited States
Rental vacancy 9.4%8.0%8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.2%3.4%
People per household 2.532.562.492.53
Drive alone 83%82%82%69%
Carpool 7%11%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home Unreliable estimateUnreliable estimate6%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

There is more rental housing open in Greenwood: 9.4% is empty and offered for rent, against 8.0% in Leflore County.

Much as in Leflore County, a household in Greenwood has 2.53 people on average.

The car rules in Greenwood: 83% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

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 tight for the typical income

We start with a typical home in Greenwood, worth $108,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Greenwood, which is $35,473 a year. For that payment to be 28% of income, a household would need to earn about $40,226 a year.

The calculator's FHA and conventional loan limits are those of all of Leflore 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 $3,812 (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

$939

at 7.18% · 30 years

Loan amount
$106,927
Total interest
$153,843
Paid off in
November 2056

Includes $1,839 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $828 a month

  • Tight

    $828 to $1,064 a month

    Your payment · 32%

  • Hard

    more than $1,064 a month

Compared with the typical household income in Greenwood ($35,473 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$939
Principal & interest$724
Property tax$121
Home insurance$45
FHA mortgage insurance (MIP)$48

You need at least $3,812 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 Leflore County

Greenwood is in Leflore County, Mississippi. 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
$108,900
Typical monthly rent
$678
Typical yearly household income
$35,473
Households that own their home
53%
Effective property tax rate
1.33%

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

Numbers for all of Leflore County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$905
Price change over 5 years (FHFA)
+14%
Homes in a high flood-risk zone
16%

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 Leflore County.

Everything about Leflore County

Buying

Buying a home in Greenwood

A typical home in Greenwood is worth $108,900: 8% above the county and 36% below Mississippi. With the typical household income in Greenwood ($35,473 a year), a typical home costs 3.1 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 3.1 years
  • Leflore 2.9 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Leflore County

According to FHFA’s house price index, home prices in Leflore County rose 26% in the 10 years through 2025.

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

Period County Mississippi U.S.
Last year (2025) +4.7% +3.5% +2.9%
5 years (2020–2025) +14% +42% +47%
10 years (2015–2025) +26% +62% +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 Leflore County, Mississippi and the U.S.

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

Typical home value
  • Greenwood $108,900
  • Leflore $101,200
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Greenwood $678
  • Leflore $689
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Greenwood $35,473
  • Leflore $35,277
  • Mississippi $56,447
  • United States $80,734
See the full table
Greenwood next to Leflore County and Mississippi
Measure Greenwood Leflore County Mississippi U.S.
Typical home value $108,900 $101,200 $169,800 $332,700
Typical monthly rent $678 $689 $954 $1,413
Typical yearly household income $35,473 $35,277 $56,447 $80,734
Households that own their home 53% 52% 70% 65%
Typical yearly property tax $1,447 $1,033 $1,215 $3,119
Effective property tax rate 1.33% 1.02% 0.72% 0.94%
Renters with high rent for their income 52% 49% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Leflore 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 $108,900 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 $939a month

    Least cash to close
    Down payment
    $3,812
    Cash to close
    $7,079
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $48

  • Conventional, 5% down $919a month

    Down payment
    $5,445
    Cash to close
    $8,712
    Rate
    7.18%
    Mortgage insurance
    PMI · $52

  • Conventional, 20% down, no PMI $756a month

    Down payment
    $21,780
    Cash to close
    $25,047
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $857a month

    Down payment
    $16,335
    Cash to close
    $19,602
    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 Leflore County.

Property tax

Effective rate in Greenwood

1.33%of the home’s value each year

$1,447 a year for the typical owner in Greenwood.

  • Greenwood 1.33%
  • Leflore 1.02%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in Leflore County

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

Homes in the high-risk zone
16%
1,656
Of those, with NFIP insurance
16%
County Mississippi U.S.
Homes in the high-risk zone 16% 7.6% 3.5%
Of those, with NFIP insurance 16% 33% 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 $678 a month: about the same as the county. In Greenwood, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Leflore County, by unit size. To pay the 2-bedroom one ($905 a month) without spending more than 30% of your income, you would need to earn $17.40 an hour working full time.

HUD fair market rent for all of Leflore 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 $687 $13.21 $27,480
1 bedroom $692 $13.31 $27,680
2 bedrooms $905 $17.40 $36,200
3 bedrooms $1,157 $22.25 $46,280
4 bedrooms $1,189 $22.87 $47,560

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 38930.

For 2 bedrooms it is $910: $5 more than the fair market rent for Leflore County ($905).

  • 38930 $910$1,150

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 29 buildings with rents for lower incomes in Greenwood. These are the largest.

  • Crestview 1100 Cotton St, Greenwood 38930 209 low-income homes · Run by The Housing Authority of the City of Greenwood · Average payment: $292 a month · Average wait: 15 months · Homes at several sites (601) 453-4822
  • Henry Homes 1002 Carrollton Ave, Greenwood 38930 199 low-income homes · Run by The Housing Authority of the City of Greenwood · Average payment: $277 a month · Average wait: 30 months · Homes at several sites (601) 453-4822
  • Maureen A. S. Jones Apt 1620 Main St, Greenwood 38930 105 low-income homes · For families (662) 453-8248
  • Leflore Estates 700 E Mlk Blvd, Greenwood 38930 104 low-income homes · 2 bd: 57 · 3 bd: 47 · In service since 2003 · For people with disabilities, families
  • Williams Landing Apartments 2900 Browning Rd, Greenwood 38930 100 low-income homes · For families (662) 455-1790

See all 32 buildings in Leflore 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.

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

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

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 Leflore County. The ones below are statewide in Mississippi: they work in Greenwood the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    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.

  • Southern Bancorp Community Partners

    875 S State St, Clarksdale · 52 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    662-624-5776-3112

  • North Mississippi Rural Legal Services

    493 Ryland Way, Oxford · 72 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (662) 234-8731

  • NSC (naca Counseling Subsidiary) - Jackson, MS

    405 Briarwood Dr, Jackson · 78 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (601) 922-4008

All counseling agencies in Mississippi

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 Leflore County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • The Housing Authority of the City of Greenwood Public housing and Section 8 vouchers (601) 453-4822

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

Cities

Nearby cities

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

Everything about Leflore County Housing in Mississippi

Neighboring counties

If Leflore 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
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Greenwood

Short answers with the numbers for Greenwood and all of Leflore 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 $108,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Leflore County it is $101,200.

How much does it cost to rent in Greenwood?

Typical rent in Greenwood is $678 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Leflore County is $905.

What is the FHA loan limit in Greenwood?

Greenwood uses the FHA limit for all of Leflore 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 $1,447 a year, according to the U.S. Census Bureau. That is 1.33% of the home’s value; in Leflore County, the rate is 1.02%.

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

We found no HUD-approved counseling agencies with an office in Leflore 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).