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Greenwood

Greenwood

$304,566 Average Value
$170 Average Price per Sq Ft
383 Homes For Sale

Greenwood characterized by relative affordability, highway access

Greenwood is a fast-growing suburban community just south of the Indianapolis city limits that offers convenient commutes to the capital city and relative affordability. Most notably, Johnson County has some of the lowest property taxes in the Indianapolis metro area, and the southern suburbs are generally considered more affordable than the northern suburbs. Residents enjoy access to highly rated schools and an abundance of shopping and dining.

Stunning aerial views along Greenwoods Old Town Historic District.
Stunning aerial views along Greenwoods Old Town Historic District.
Enjoy shopping and dining along the quaint streets of Greenwoods Old Town Historic District.
Enjoy shopping and dining along the quaint streets of Greenwoods Old Town Historic District.
Browse for something great to read at the Johnson County Public Library in Greenwood.
Browse for something great to read at the Johnson County Public Library in Greenwood.
Four Seasons Family Restaurant in Greenwood has American comfort food.
Four Seasons Family Restaurant in Greenwood has American comfort food.
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A mix of new, old homes more affordable than northern suburbs

Greenwood offers the new and ongoing construction of contemporary homes in walkable subdivision settings that has come to characterize the growing suburbs of Indianapolis. Most HOA fees are under $75 per month. They are a little higher for townhouses and condos.
The community however, offers a variety of older, non-HOA housing. Ranch-style homes on spacious lots are prominent, while other options include homes designed in traditional architectural styles on tree-filled streets in established neighborhoods such as Old Town. Golf course homes and waterfront properties are also available.
While manufactured homes and fixer-uppers can be found for under $100,000, prices typically range from the low $100,000s to $700,000-plus within the city limits. Large custom homes and acreage homes on the outskirts of town can list for $1 million or more. “Greenwood is less expensive than the northern suburbs,” says Angi Oakes , an associate broker with Berkshire Hathaway Indiana Realty who has sold dozens of homes in the city. “Same amenities, but lower price points.” Oakes adds that while a “well-positioned, well-priced property” can sell quickly, the market doesn’t cater to either buyer or sellers. “There are opportunities for both,” she says. On average, homes sell in 39 days, 16 days faster than the national average.
Greenwood’s median sales price in the mid-$300,000s is a bit higher than neighboring Franklin.

The homes in Greenwood often grace quiet streets.
The homes in Greenwood often grace quiet streets.
The median home price in Greenwood is in the mid-$300,000s.
The median home price in Greenwood is in the mid-$300,000s.
Find stylish and modern townhomes in Greenwood.
Find stylish and modern townhomes in Greenwood.
Discover comfortable and convenient living with a variety of apartments in Greenwood.
Discover comfortable and convenient living with a variety of apartments in Greenwood.
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Located near Interstates 65 and 69 for commutes into Indianapolis

Greenwood is conveniently located for travel along Interstate 65 and Interstate 69. Commuting via I-65, which runs through the city’s east side, is the more direct route downtown. “It it’s just a regular day, it’s a 15-minute drive,” Oakes says. Commuters on the west side can hop on I-69, connect to Interstate 465 and loop around to get to the heart of the city. “It drops you off right behind Lucas Oil Stadium," Oakes says.
Greenwood is part of Central Indiana’s logistics and transportation hub, and Amazon is a key employer on the outskirts of town near I-65.
U.S. Highway 31 runs through the heart of the community and connects residents to the south side of Indianapolis and neighboring Franklin, the Johnson County seat. Public transportation to local points of interest is available via IndyGo buses.

Greenwood in Indianapolis, IN, is known for its beautiful views and serene atmosphere.
Greenwood in Indianapolis, IN, is known for its beautiful views and serene atmosphere.
Public transportation access, made easy for Greenwood residents.
Public transportation access, made easy for Greenwood residents.
Step out to explore the charm of Greenwood's Old Town Historic District.
Step out to explore the charm of Greenwood's Old Town Historic District.
Residents of Greenwood can shop at their local Kroger.
Residents of Greenwood can shop at their local Kroger.
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Multiple highly rated school districts serve Greenwood

Most of the city is served by the Greenwood Community School Corporation, a highly rated district. Upgrades to Greenwood High School and two elementary campuses are part of a $10 million bond initiative approved in 2025. Western Greenwood is part of the Center Grove Community School Corporation, the highest-rated district in Johnson County. Both allow students to apply for transfers to schools within their respective districts, as well as to schools outside of their districts. “If you have an athlete in the family, you go to Center Grove. If you’re a band kid, you go to Greenwood,” Oakes says. A small portion of Greenwood’s southeast side is served by the Clark-Pleasant Community School Corporation.

Reliable bus transportation for Greenwood students.
Reliable bus transportation for Greenwood students.
Center Grove High School.
Center Grove High School.
Greenwood Community High School.
Greenwood Community High School.
Greenwood Middle School.
Greenwood Middle School.
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Stores and restaurants along U.S. 31, state Road 135 corridors

Greenwood Park Mall is a regional shopping, dining and entertainment destination located along the U.S. 31 corridor. The mall offers a diverse mix of stores and restaurants, and it is home to a popular movie theater. There’s a Kroger and an Aldi on U.S. 31, and a Walmart near I-65. Popular nearby local favorites include Emporium 31 Flea Market, Oaken Barrel Brewing Company and Vino Villa.
Indiana state Road 135 is the west side’s commercial corridor. It is lined with restaurants and big-box retailers, including Target and Walmart.

Shop at the Greenwood Park Mall.
Shop at the Greenwood Park Mall.
House beers pair with a wide variety of hearty American fare at the Oaken Barrel.
House beers pair with a wide variety of hearty American fare at the Oaken Barrel.
Greenwood Park Mall offers a variety of stores, restaurants and entertainment options.
Greenwood Park Mall offers a variety of stores, restaurants and entertainment options.
There are many unique stores to visit at the Greenwood Park Mall.
There are many unique stores to visit at the Greenwood Park Mall.
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Greenwood Fieldhouse stands out among city's recreational destinations

Greenwood offers more than 400 acres of parks, miles of trails and more. “One big thing the city has done is take the old Greenwood Middle School and turn it into the Greenwood Fieldhouse,” Oakes says. It has courts for basketball and pickleball and non-traditional amenities such as golf simulators and an indoor soccer field. It is also used for community events, such as having a Taylor Swift Tribute band in concert when the singer came to town for her Eras Tour. “It’s a true multiuse space, something we’ve never had before,” Oakes says.
Other popular recreational attractions include:

  • Greenwood Sports Park, anchored by its state-of-the-art softball/baseball diamonds
  • Freedom Park, which includes a large playground, aquatic center and disc golf course
  • Valle Vista Golf Club, a long-running favorite for friendly competition and special events

Residents enjoy the morning pickleball leagues at the Greenwood Fieldhouse.
Residents enjoy the morning pickleball leagues at the Greenwood Fieldhouse.
Freedom Park features aquatic facilities.
Freedom Park features aquatic facilities.
A popular activity each morning at the Greenwood Fieldhouse is pickleball.
A popular activity each morning at the Greenwood Fieldhouse is pickleball.
Craig Park features a colorful playground.
Craig Park features a colorful playground.
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Freedom Festival at Craig Park is a community highlight

The Freedom Festival at Craig Park is Greenwood’s signature celebration. It is held on the last Saturday of June and typically attracts more than 50,000 people. Holiday-themed events include Breakfast with the Bunny and the Valentine’s Dance at the Greenwood Community Center, and Halloween Fest downtown.

The tennis courts at Freedom Park.
The tennis courts at Freedom Park.
The Oaken Barrel in Greenwood is famous for its Hoosier tenderloin.
The Oaken Barrel in Greenwood is famous for its Hoosier tenderloin.
Enjoy a round of golf at Valle Vista Golf Club in Greenwood.
Enjoy a round of golf at Valle Vista Golf Club in Greenwood.
Yiayia's House of Pancakes in Greenwood is a cozy option for homestyle breakfast and lunch.
Yiayia's House of Pancakes in Greenwood is a cozy option for homestyle breakfast and lunch.
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Matt Pallister
Written By
Matt Pallister
Anna Cheng
Photography Contributed By
Anna Cheng
Maurice Boone
Video By
Maurice Boone

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

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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

Parks in this Area

Area Facts

Number of Homes
27,567
Number of Homes for Sale
383
Median Year Built
1994
Months of Supply
2.90
Average Single Family Home Size Sq Ft
2,272
Above the national average
1,933
Average Townhouse Size Sq Ft
1,585
Average 2 Bedroom Size Sq Ft
1,347
Average 1 Bedroom Size Sq Ft
1,037
Median Lot Size Sq Ft
12,196

Open Houses

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Rental Home Trends

Number of Homes for Rent
105
Median Rent
$1,915
Median Single Family Home Rent
$1,895
Median 4 Bedroom Single Family Home Rent
$2,200
Median Townhouse Rent
$1,700
Median 3 Bedroom Townhouse Rent
$1,500
Median Condo Rent
$1,400
Median 2 Bedroom Condo Rent
$1,400

Weather

Annual Precipitation
43''
Average Winter Low Temperature
21°F
Average Summer High Temperature
85°F
Annual Snowfall
16''

Area Factors

Fairly bikeable

Bikeability®

50 / 100

Fairly walkable

Walkability®

50 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and 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