Section Image

Greenwood

Greenwood

Located in Sebastian County

$235,528 Average Value
$158 Average Price per Sq Ft
6 Homes For Sale

Greenwood is an appealing destination about 12 miles south of Fort Smith in the heart of the Arkansas River Valley. Nearly 10,000 residents enjoy top-rated schools and a strong business climate. The tight-knit community also features several churches and plenty of outdoor activities. “It’s got that country feel with a little bit of city flair,” says Sarah Newton with Weichert Realtors-The Griffin Company in Fort Smith. “The biggest attraction is that it has the best school system in the entire River Valley.”

Local companies manufacture a variety of products

The city’s economy is anchored by several local manufacturing companies with national footprints. Corrugated boxes, medical treatment tables and fishing lures are among the products mass produced in Greenwood.

Good schools, low-cost loans help drive the housing market

The median price is $230,000, about 10 percent higher than Fort Smith but nearly 40 percent lower than the national median. Greenwood has been at the forefront of the regional housing boom, which kept relative home values up. The presence of good schools and the availability of USDA rural development loans contributed to an active market. “Buyers can come in and get the best school district in the state without having to put up a down payment,” Newton says. Ranch-style designs and newer brick-built homes in neighborhood settings are common among the city’s housing options. Spacious, multi-level modern homes are a highlight of new subdivisions such as East Village, where lots list for under $60,000. Acreage homes are among the city’s most expensive. The river valley is characterized by hot summers and mild winters. Residents are likely to experience rain every month. Rainstorms are the most common severe weather event, and tornadoes are possible.

Greenwood district includes top-rated schools and a football powerhouse

Students are served by the Greenwood School District, which earns an A from Niche. Five schools encompassing all four levels – elementary, middle, junior high and high school – also receive As from Niche. The school system provides special education classes and intervention programs, and its specialized offerings include STEM and gifted and talented. The high school features dual enrollment at University of Arkansas-Fort Smith and Arkansas Tech University, and it has a dedicated website for the Career Action Plan program. Greenwood High is a football powerhouse whose 12 state titles since 2000 is an Arkansas modern-era record. “You’ve got the highly rated schools, and then you add on the athletic portion,” Newton says. “They have sent several athletes to big-name schools.” The University of Arkansas, the state’s premier school, is about an hour’s drive up Interstate 540.

The Arkansas River Valley offers plenty of recreation

The nearby Arkansas River is the region’s premier destination for floating, boating and fishing. City parks offer an array of athletic amenities, playgrounds and hiking trails. City ponds and Greenwood Lake offer additional fishing opportunities. Bell Park, the largest of the city’s recreational spaces, hosts the annual Fall Festival. City Square, an urban green space that features a veterans memorial built around an iconic clock tower, is the center of community activity. It is the site of the 4th of July Freedom Fest. The signature event begins with a 5K and includes vendors, artists, musicians and children’s activities. The Greenwood Performing Arts Center is just a few blocks from City Square. Vache Grasse Country Club has been part of the city since 1965. It features an 18-hole golf course and other resort-style amenities.

Retail stores and restaurants line Center Street

Walmart and Harps Food Stores, staples of Arkansas retail, highlight a variety of shopping options along Center Street. Restaurants are also concentrated around the city’s main commercial corridor, which runs from its west side through downtown. “The Dari is nice, little, quaint place. I would say that’s the hotspot,” Newton says. “They have a little bit of everything. You can get beans and cornbread, ribs and catfish. But they also do veggie plates with cottage cheese and fruit. Greenwood also has, in my opinion, a really good Chinese restaurant called Lin’s House.” More dining options are available in downtown Fort Smith, which is a regional hub of entertainment and nightlife.

Conveniently located to Fort Smith and major interstates

U.S. Highway 71 connects directly to Fort Smith. “A lot of people who live here work outside the city and still commute.” Fort Smith is home to several large medical facilities, including Baptist Health-Fort Smith and Mercy Hospital Fort Smith. Fort Smith Regional Airport is about a 15-mile drive. I-540 in Fort Smith connects to I-40 and I-49, which provide access to the larger cities of central Arkansas and Northwest Arkansas, respectively.
Crime statistics for Greenwood are not readily available.

Lia Jones
Written By
Lia Jones

Interested in learning more about homes in this area? Reach out to Hollie Byers, an experienced agent in this area.

Agents Specializing in this Area

See All Agents

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Greenwood Housing Trends

Housing Trends

Median List Price
$332,800
Median Sale Price
$285,000
Median Single Family Sale Price
$332,800
Median Change From 1st List Price
2%
Last 12 months Home Sales
72
Median Home Sale Price YoY Change
-12%
Average Price Per Sq Ft
$158

Neighborhood Facts

Number of Homes in Neighborhood
3,028
Number of Homes for Sale
6
Median Year Built
2001
Months of Supply
1.00
Average Single Family Home Size Sq Ft
2,072
Above the national average
1,924
Median Lot Size Sq Ft
12,196

Open Houses

  • 2511 Lakeside Dr, Greenwood, AR 72936

    $539,000

    • 3 Beds
    • 3 Baths
    • 2,394 Sq Ft
    • 2511 Lakeside Dr

    This lakefront cabin-style home offers a stunning view of Shadow Lake. Featuring a fully furnished open-concept layout, it includes two living areas and two master suites. The property boasts a covered patio and a 500 square foot walk-out sunroom, which is not included in the total square footage. Additional amenities comprise a water softener with reverse osmosis, two storage buildings, and a

    Agent Photo
    Hollie Byers
    Bradford & Udouj Realtors
    (479) 398-1569
    Section Image
    Section Image
  • 9207 Arkansas 252, Greenwood, AR 72936

    $499,000

    • 1 Bed
    • 1 Bath
    • 1,200 Sq Ft
    • 9207 Arkansas 252

    Dreaming of a barndominium or custom built home on your own piece of paradise? Settle on 58+ partially wooded acres with 2 stocked ponds and 3 creeks to enjoy along with plenty of prime hunting spots. 30x40 metal shop with living space including a full bath, loft storage and a bay with 14' doors just ready for you park an RV while you build or remodel the existing shop for that barndominium you

    Agent Photo
    Ibison Realtors & Co.
    Keller Williams Platinum Realty
    (479) 265-4876
    Section Image
    Section Image
  • 1450 N Ulmer St, Greenwood, AR 72936

    $699,000

    • 4 Beds
    • 3 Baths
    • 3,607 Sq Ft
    • 1450 N Ulmer St

    This Beautiful Two Story 3 Bed 2 Bath home has a secluded country feel on 5.5 acres. The main House features an extra Living area and Office space. The back yard is fenced black iron with an Amazing Deck Space. It features retractable screens and pleasing views, perfect for relaxing or entertaining. 900 Sq Ft guest studio suite with full kitchen, Laundry and bath. Covered parking. Mini-Split

    Agent Photo
    Ashley Rogers
    Marsha Rogers Realty, Inc.
    (479) 370-5763
    Section Image
    Section Image

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Greenwood Has More Owners

Demographics

Total Population
9,254
Median Age
37
Population under 18
28.6%
On par with the national average
23.8%
Population over 65
15.2%
On par with the national average
19.1%

Finances

Median Household Income
$54,720
Significantly below the national average
$71,702
Average Household Income
$70,326

Education and Workforce

High School Graduates
91.9%
College Graduates
24.7%
Below the national average
34.1%
Advanced Degrees
9%
On par with the national average
13.3%
% Population in Labor Force
63.4%

Area Factors

Somewhat Bikeable

Bike Score®®

3 / 100

Car-Dependent

Walk Score®®

4 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Greenwood
Hollie Byers
Bradford & Udouj Realtors
Section Image