Greenwood, DE
Population 1,800 · Delaware
About Greenwood, DE
Greenwood is a small town located in Delaware with a population of 1,800 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,063 per year, which is 4% below the national median of $75,149. The median age of 32.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Greenwood features a median home value of $230,000, which is 6% below the national median of $244,900. This positions Greenwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,318, 13% above the national average of $1,163/month. Of the 684 total housing units, 44% are owner-occupied (284 units) and 56% are renter-occupied (366 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Greenwood shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Greenwood have an average one-way commute time of 34.7 minutes.
Education & Demographics
13.8% of Greenwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 15.1% White, 0.9% Hispanic or Latino, 4.2% Black or African American, and 7.5% Asian residents, with 22.1% of the population being foreign-born.
How Greenwood Ranks in Delaware
Cost of Living in Greenwood, DE
Compared to national averages, Greenwood has a median household income of $72,063 (4% below the national median of $75,149). Home values average $230,000, which is 6% below the national median. Monthly rent at $1,318 is 13% above the US average of $1,163. Within Delaware, Greenwood's income is 16% below the state average of $85,962, and home values are 41% below the state median of $387,860.
Why Live in Greenwood, DE?
Greenwood offers affordable housing with a median home value of $230,000, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.0%, and a low poverty rate of 5.4%, better than the national average.
Potential considerations include median household income ($72,063) that falls below the national average. However, Greenwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Greenwood has a population of 1,800 with a median age of 32.4 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Delaware.
Similar Cities Near Greenwood
Cities in Delaware with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wyoming | 1,789 | $66,815 | $263,000 | Compare |
| Cheswold | 1,833 | $75,000 | $290,500 | Compare |
| Woodside East | 1,680 | $57,938 | $351,900 | Compare |
| Lincoln | 1,639 | $74,712 | $261,400 | Compare |
| Delaware City | 1,976 | $78,333 | $245,500 | Compare |
| St. Georges | 1,564 | $146,944 | $474,500 | Compare |
| Millville | 2,059 | $93,409 | $453,400 | Compare |
| Bellefonte | 1,507 | $86,667 | $275,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Delaware
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Greenwood With Other Cities
Frequently Asked Questions about Greenwood
What is the population of Greenwood, DE?
The population of Greenwood, DE is 1,800 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Delaware.
What is the median household income in Greenwood?
The median household income in Greenwood, DE is $72,063 per year, which is 4% below the national median of $75,149.
What is the median home value in Greenwood?
The median home value in Greenwood, DE is $230,000, which is 6% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Greenwood?
The median monthly rent in Greenwood, DE is $1,318, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, DE is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greenwood, DE a good place to live?
Greenwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,800 and a median age of 32.4, the city appeals to young professionals and families.
How educated is Greenwood, DE?
13.8% of residents in Greenwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Greenwood?
Key cost-of-living indicators for Greenwood, DE: median home value is $230,000 (6% below national), median rent is $1,318/month, and median household income is $72,063. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenwood?
The poverty rate in Greenwood, DE is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Greenwood, DE?
Greenwood's population is 15.1% White, 0.9% Hispanic or Latino, 4.2% Black or African American, 7.5% Asian, and 27.8% two or more races. 22.1% of residents are foreign-born.