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Greenwood

Greenwood

Located in Sebastian County

$236,120 Average Value
$151 Average Price per Sq Ft
50 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 Marcia Walbe, an experienced agent in this area.

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Greenwood Housing Trends

Housing Trends

Median List Price
$245,000
Median Sale Price
$218,250
Median Single Family Sale Price
$230,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
136
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$151

Area Facts

Number of Homes
3,027
Number of Homes for Sale
50
Median Year Built
2001
Months of Supply
4.40
Average Single Family Home Size Sq Ft
2,079
Above the national average
1,927
Median Lot Size Sq Ft
12,196

Open Houses

  • Sunday, Nov 16
    Open Sun 2PM - 4PM

    1017 N Daisy St, Greenwood, AR 72936

    $230,000

    • 3 Beds
    • 2 Baths
    • 1,529 Sq Ft
    • 1017 N Daisy St
    • New 26 days ago

    *Price Reduction**Motivated Seller*Welcome home to this beautifully maintained 3-bedroom, 2-bathroom home in the heart of Greenwood! Offering 1,529 sq ft of comfortable living space, this home combines charm, functionality, and modern updates. Step inside to an inviting open floor plan featuring brand new flooring, neutral tones, and abundant natural light that creates a warm, welcoming

    Twalisha Gonzalez Keller Williams Platinum Realty

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  • Sunday, Nov 16
    Open Sun 2PM - 4PM

    144 Juniper Dr, Greenwood, AR 72936

    $224,999

    • 3 Beds
    • 2 Baths
    • 1,404 Sq Ft
    • 144 Juniper Dr

    Welcome to Creekwood Subdivision, Juniper Drive, where you will find this beautifully maintained home that features some a few new updates such as new carpet, updated bathrooms and new appliances and a fresh coat of paint. Located close to schools, fitness facilities, only minutes to Lake Jack Nolan. Multiple access points to make commuting easier. Don't miss your chance to call this one home for

    Elaine Leonard McGraw REALTORS

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  • Sunday, Nov 16
    Open Sun 2PM - 4PM

    3606 Brighton Place, Greenwood, AR 72936

    $385,000

    • 3 Beds
    • 2.5 Baths
    • 2,280 Sq Ft
    • 3606 Brighton Place

    Whether you’re relocating or right here in the River Valley, we’re ready to work with buyers to make this home yours-and bring you to Arkansas! Modern Classic Charmer in The Cove at Ashebury! This 3-bedroom, 2.5-bath home (Lot 37) is perched on a gentle slope just below Ashbury Point and offers standout curb appeal with its charming dormer window, horizontal glass-paneled front door, and blooming

    Tonia Hobbs McGraw REALTORS

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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
$79,601
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