The typical owner-occupied home in Greenwood is worth about $177,000, 26% below the Nebraska median of $238,600 and 47% below the national median of $332,700. Owners pay a median $2,364 a year in property taxes, about 1.34% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $90,774 a year, so the median home costs 1.9 times the median income (3.1 times for Nebraska). 85% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Greenwood at a glance
| Greenwood | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $177,000 | $238,600 | $332,700 |
| Median property tax paid per year | $2,364 | $3,549 | $3,119 |
| Property tax as a share of value | 1.34% | 1.49% | 0.94% |
| Median household income | $90,774 | $76,475 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 60% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,481 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.5% | 21.0% |
| Median rent | $1,283 | $1,072 | $1,413 |
| Rent as a share of renters' income | 39.2% | 27.9% | 30.6% |
| Median year homes were built | 1968 | 1975 | 1980 |
| Vacant homes | 6.0% | 7.6% | 10.1% |
| Population | 601 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Greenwood
At this week's average 30-year rate of 7.11%, buying the median Greenwood home of $177,000 with 20% down costs about $1,224 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,519, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $52,455 for the 20%-down payment. That payment is 16% of the median Greenwood household income of $90,774; at that income and 20% down, the 28% guideline points to a home of about $306,000.
The median rent here is $1,283 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $35,400 |
|---|---|
| Loan amount | $141,600 |
| Principal and interest | $953 |
| Property taxes (1.34% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| PMI | $0 |
| Total per month | $1,224 |
Change the numbers in the calculator
| Down payment | $6,195 |
|---|---|
| Loan amount | $173,794 |
| Principal and interest | $1,169 |
| Property taxes (1.34% a year) | $198 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| FHA mortgage insurance | $78 |
| Total per month | $1,519 |
Change the numbers in the calculator
Questions about home buying in Greenwood
What is the median home value in Greenwood?
About $177,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Greenwood?
Homeowners pay a median $2,364 a year, which is about 1.34% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Greenwood?
For the median home with 20% down at 7.11%, the payment is about $1,224 a month. Keeping that under 28% of gross income takes about $52,455 a year.
More about Greenwood
- Mortgage Refinance in Greenwood
- Debt Relief in Greenwood
- Home Equity Loans in Greenwood
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data