Greenfield, Indiana.
Typical home $288,522 (+1.6% in a year), asking rent $1,666 (+6.4%). Indianapolis-Carmel-Anderson, IN metro.
to buy the typical home at today's mortgage rate — +$849 (+127%) since Jan 2020.
- 1 year
- Up $4,465 +2%
- $284,057$288,522 since Sep 2025
- 5 years
- Up $61,531 +27%
- $226,992$288,522 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Greenfield$1,514
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Greenfield, IN rose 1.6% over the past year — faster than the nation's +1.2%.
Asking rents in Greenfield, IN rose 6.4% over the past year — faster than the nation's +2.7%.
Owning the typical home in Greenfield runs $315/mo more than renting one. The gap peaked at $499 in Oct 2023.
That is $1,981 a month against $1,666 rent: a $1,514 mortgage payment, plus $158 property tax and $309 insurance & upkeep.
Owning vs renting — Greenfield
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,981
- Renting$1,666
- Mortgage only$1,514
Property tax · $158/mo 0.66% of value a year — the ACS 2020-2024 median bill over the median home value for Hancock County, IN
Insurance & upkeep · $309/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Greenfield, Hancock County, Indiana
Greenfield is a city of 23,488 people in Hancock County. Half its households earn more than $76,127 a year and half less, against $93,186 across Hancock County; 5% of its people live below the poverty line. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Greenfield was 2.9% in August 2026, and Hancock County had 4.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Greenfield is a city and the seat of Hancock County, where most homes are lived in by their owners and fewer residents have a four-year degree than in many places. Incomes sit below the county's as a whole, and the typical home value and monthly rent both run a good deal higher than a household earning the town's median income might first expect. Winters are cold, with January the coldest month and a fair amount of snow, and summers are warm, with July the warmest.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, shops, and restaurants, hotels and entertainment. Among the largest workplaces in Greenfield are Hancock Regional Hospital, Greenfield-Central Community Schools and Indiana Automotive Fasteners. Unemployment has eased slightly over the past year, and the county has added jobs, though the typical commute is a fairly long one and relatively few people work from home.
Things to do. Closest to home is the Riley Birthplace and Museum, in or beside town. A longer drive brings you to Indianapolis, where the Indianapolis Zoo, the Children's Museum of Indianapolis and the Indianapolis Motor Speedway, a race track, are among the best known places to visit.
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- 10,666households
- 26%of adults have a degree
- 5%below the poverty line
- 26 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Hancock County had 30,233 jobs in 2025, 4.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 35° and lows near 18°; warmest in July, with highs near 84° and lows near 64°. About 20 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Greenfield weather station, under a mile away (NOAA).
Largest workplaces in Greenfield
- Indiana Automotive FastenersBolts, metal, manufacturing861
- Hancock Regional HospitalGeneral hospital812FTE
- Greenfield-Central Com SchoolsSchool district768FTE
- WalmartWarehouse clubs and supercenters444
- Hancock County365
- Yamaha Marine Precision PropellersSteel investment foundries135
- Bastian Custom AutomationBelt conveyor systems manufacturing134
- Leo's Market and EateryConvenience food stores124
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 23 workplaces with 20 or more staff, 3,109 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- HailRelatively moderate
- Winter weatherrelatively high in parts of GreenfieldRelatively moderate
- Strong windRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Greenfield’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hancock County and the Indianapolis-Carmel-Anderson, IN metro.
Greenfield home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Greenfield$288,522
- Indiana$257,165
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Greenfield listings, and the typical home goes pending in 26 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Greenfield38.00%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Greenfield26
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Greenfield178
New listings per month
Sellers arriving at the market.
- Greenfield59
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Greenfield$280,746
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Greenfield98.62%
Zip codes with a Greenfield address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Greenfield — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.