Greenwood, FL
Population 958 · Florida
About Greenwood, FL
Greenwood is a small community located in Florida with a population of 958 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,579 per year, which is 25% below the national median of $75,149. The median age of 34.3 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 $101,800, which is 58% below the national median of $244,900. This makes Greenwood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $939, 19% below the national average of $1,163/month. Of the 332 total housing units, 71% are owner-occupied (207 units) and 29% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenwood shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.6%, above the national average of 12.4%. Workers in Greenwood have an average one-way commute time of 26.5 minutes.
Education & Demographics
21.8% 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 7.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 1.1% of the population being foreign-born.
How Greenwood Ranks in Florida
Cost of Living in Greenwood, FL
Compared to national averages, Greenwood has a median household income of $56,579 (25% below the national median of $75,149). Home values average $101,800, which is 58% below the national median. Monthly rent at $939 is 19% below the US average of $1,163. Within Florida, Greenwood's income is 25% below the state average of $75,893, and home values are 71% below the state median of $353,675.
Why Live in Greenwood, FL?
Greenwood offers affordable housing with a median home value of $101,800, below the US average of $244,900, and rent that’s lower than the national average at $939/month, and a strong job market with an unemployment rate of just 2.1%.
Potential considerations include median household income ($56,579) 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 958 with a median age of 34.3 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Greenwood
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Indian Lake Estates | 956 | $66,250 | $169,300 | Compare |
| Solana | 953 | $40,045 | $148,000 | Compare |
| Paradise Heights | 950 | $0 | $0 | Compare |
| Chumuckla | 969 | $106,782 | $298,000 | Compare |
| Page Park | 973 | $52,153 | $112,500 | Compare |
| Branford | 929 | $40,766 | $106,900 | Compare |
| Chokoloskee | 911 | $95,712 | $220,100 | Compare |
| Crescent Beach | 903 | $120,917 | $564,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
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, FL?
The population of Greenwood, FL is 958 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Florida.
What is the median household income in Greenwood?
The median household income in Greenwood, FL is $56,579 per year, which is 25% below the national median of $75,149.
What is the median home value in Greenwood?
The median home value in Greenwood, FL is $101,800, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Greenwood?
The median monthly rent in Greenwood, FL is $939, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, FL is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greenwood, FL a good place to live?
Greenwood offers a moderate cost of living, affordable housing, and a strong job market. With a population of 958 and a median age of 34.3, the city appeals to young professionals and families.
How educated is Greenwood, FL?
21.8% 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, FL: median home value is $101,800 (58% below national), median rent is $939/month, and median household income is $56,579. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenwood?
The poverty rate in Greenwood, FL is 21.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Greenwood, FL?
Greenwood's population is 7.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 28.0% two or more races. 1.1% of residents are foreign-born.