Greenwood, MS Housing Market
AI-powered market intelligence for the Greenwood, MS metro area.
PropertyIQ Scores
Greenwood, MS Market Analysis
Market Overview
Greenwood, MS presents as a moderate housing market, with a PropertyIQ Score of 63 out of 100. The score reflects a mix of stability and softness. The median home value is $101,486, which is roughly half the state average of $197,606. The rent index is $686, well below the state average of $954. Median household income is $39,534, also below the state average of $56,447. At the same time, the unemployment rate is 3.6%, matching the state benchmark. This positions Greenwood as a lower-cost market relative to the state, but one where local incomes are also lower.
The score drivers highlight the balance between short-term improvement and longer-term softness. The 3-month home value momentum is positive at 1.93%, while the 12-month momentum is -1.30% and the listed year-over-year home value change is -$10, essentially flat to slightly negative. Median days on market are 96, and 3.4% of listings have a price cut, suggesting a market that is not overheated and where sellers are not aggressively discounting. Notably, the median home value is about 2.6 times median household income, compared with about 3.5 times for the state, making homeownership more attainable for local buyers.
Key Trends
Several data-driven trends stand out in Greenwood. First, near-term price momentum is improving even as annual price movement remains soft. The 3-month momentum of 1.93% points to a recent uptick, while the 12-month momentum of -1.30% and a year-over-year change of -$10 indicate that the market has not yet established consistent annual appreciation.
Second, the market is moving at a moderate pace. There are 82 homes for sale, and the median days on market is 96, or roughly three months. The share of listings with a price cut is 3.4%, which is relatively low. This combination suggests steady but unhurried demand, with sellers willing to wait rather than slash prices aggressively.
Third, affordability is relatively favorable compared with the state, but incomes are lower. The median home value of $101,486 is about half the state average, and the rent index of $686 is about 28% below the state average. However, median household income is about 30% below the state average. The result is a lower-cost market, but one where purchasing power is also constrained by local wages.
Fourth, employment is stable, but population growth data is missing. The unemployment rate of 3.6% matches the state average, which is a supportive signal for housing demand. However, population growth is listed as N/A, so the analysis cannot assess whether demographic trends are adding to housing demand.
Who Is This Market For
This market is best suited for first-time homebuyers and budget-conscious owner-occupants. With a median home value of $101,486 and a median household income of $39,534, the price-to-income ratio is more favorable than the state average. Combined with a stable unemployment rate of 3.6%, Greenwood may appeal to buyers who prioritize lower purchase prices and manageable monthly costs over rapid appreciation.
The market may also suit buy-and-hold rental investors. The rent index of $686 paired with the median home value of $101,486 creates a lower-cost rental property basis. However, with median days on market at 96 and annual price movement flat to slightly negative, this is not a short-term flip market. Investors would need to evaluate local rental demand, property condition, taxes, and insurance separately, especially since population growth data is N/A.
Move-up buyers relying on equity gains may find Greenwood less compelling. The 12-month momentum of -1.30% and the year-over-year change of -$10 suggest limited recent appreciation. Sellers should expect a patient process, given the 96-day median marketing time, although the low price-cut share of 3.4% indicates that widespread discounting is not occurring.
Outlook
The near-term outlook for Greenwood is one of cautious stability. The 3-month momentum of 1.93% suggests modest short-term strengthening, while the 12-month momentum of -1.30% and the year-over-year change of -$10 indicate that reliable annual appreciation has not yet returned. Days on market of 96 and a price-cut share of 3.4% point to balanced but unhurried conditions. Stable unemployment at 3.6% and a median home value well below the state average may support buyer interest, but median household income of $39,534 remains a constraint, and the absence of population growth data limits confidence in demand expansion. Overall, the data supports an expectation for moderate, steady conditions rather than sharp price gains or declines.
AI-generated analysis based on current market data. Last updated October 1, 2026.
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Greenwood, MS market data
Greenwood, MS Housing Market Overview
Greenwood, MS's median home value is $101K, down 1.3% over the past year. Homes here sell in a median 96 days. Its PropertyIQ Score of 63 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Greenwood, MS metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Greenwood, MS's PropertyIQ Score of 63 ranks among the Southeast's stronger demand signals.
The PropertyIQ Score for the Greenwood, MS market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been negative, with home values down 1.3% over the past year.
Use PropertyIQ's interactive analytics to compare Greenwood, MS against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Greenwood, MS a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Greenwood, MS currently scores 63, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $101K, down 1.3% over the past year. So whether Greenwood, MS is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Greenwood, MS?
Greenwood, MS's PropertyIQ Score is 63, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 63 places Greenwood, MS above its state benchmark.
Are home prices in Greenwood, MS rising or falling?
Home prices in Greenwood, MS are falling. Over the past year, the median home value declined 1.3%, reaching $101K. Over the latest three months, values moved up 1.9%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Greenwood, MS's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Greenwood, MS?
In Greenwood, MS, homes sell in a median of 96 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 3% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Greenwood, MS market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.