Greenwood, Arkansas.
Typical home $241,689 (+4.6% in a year), asking rent $1,183 . Fort Smith, AR-OK metro.
to buy the typical home at today's mortgage rate — +$660 (+108%) since Jan 2020.
- 1 year
- Up $10,705 +5%
- $230,984$241,689 since Sep 2025
- 5 years
- Up $49,507 +26%
- $192,182$241,689 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.
- Greenwood$1,269
- Arkansas$1,177
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Greenwood, AR rose 4.6% over the past year — faster than the nation's +1.2%.
Living in Greenwood, Sebastian County, Arkansas
Greenwood is a city of 9,516 people in Sebastian County. Half its households earn more than $66,844 a year and half less, against $57,790 across Sebastian County; 10% of its people live below the poverty line. 74% of its homes are lived in by their owners and 26% are rented. Unemployment in Sebastian County was 3.6% in August 2026, and the county had 0.1% 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 It can be wrong or out of date.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. Greenwood is a small city in Sebastian County where most homes are lived in by their owners. Incomes run above the county's, and the share of households living below the poverty line is modest. Winters are cold but short on snow, summers are hot, and the rainfall is generous through the year.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, professional and business services, and restaurants, hotels and entertainment. The Greenwood School District is the largest workplace in town, with Walmart and Alpha Packaging also among the biggest employers. A typical commute is a moderate drive, and some residents work from home.
Things to do. The closest pleasures are mostly outdoors and a longer drive away. Ozark–St. Francis National Forest is a protected area for woods and trails, and the Mulberry River is a river known for time on the water. For history, Fort Smith National Historic Site is a protected area that tells of the frontier past, and the Fort Smith Trolley Museum is a museum, both a longer drive away.
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- 3,841households
- 28%of adults have a degree
- 10%below the poverty line
- 26 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Sebastian County had 67,700 jobs in 2025, 0.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 51° and lows near 30°; warmest in July, with highs near 94° and lows near 72°. About 3 inches of snow and 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Fort Smith Regional Airport weather station, 11 miles away (NOAA).
Largest workplaces in Greenwood
- Greenwood School DistrictSchool district578FTE
- WalmartWarehouse clubs and supercenters225
- Alpha PackagingBoxes, corrugated and solid fiber, made from purchased paper or paperboard169
- Harp's Food StoreRetail grocery57
- Pivotal Health SolutionsFurniture, laboratory-type, manufacturing50
- Yeager HardwareHardware stores30
- GreenwoodMail and parcel delivery20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 551 people in all. School districts come 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
- Ice stormsRelatively high
- Heat wavesRelatively high
- LightningRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
- Cold wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Greenwood’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 Sebastian County and the Fort Smith, AR-OK metro.
Greenwood home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Greenwood$241,689
- Arkansas$224,158
- 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 4 Greenwood listings — the market is roughly in balance.
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.
- Greenwood24.06%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Greenwood86
New listings per month
Sellers arriving at the market.
- Greenwood21
Zip codes with a Greenwood address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Greenwood — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.