Greenwood, NE
Population 511 · Nebraska
About Greenwood, NE
Greenwood is a small community located in Nebraska with a population of 511 residents according to the latest US Census Bureau American Community Survey data. The median household income is $99,000 per year, which is 32% above the national median of $75,149. The median age of 33.3 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 $169,200, which is 31% 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 $1,152, 1% below the national average of $1,163/month. Of the 186 total housing units, 78% are owner-occupied (129 units) and 22% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Greenwood shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 18.0%, above the national average of 12.4%. Workers in Greenwood have an average one-way commute time of 26 minutes.
Education & Demographics
21.1% 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 1.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
How Greenwood Ranks in Nebraska
Cost of Living in Greenwood, NE
Compared to national averages, Greenwood has a median household income of $99,000 (32% above the national median of $75,149). Home values average $169,200, which is 31% below the national median. Monthly rent at $1,152 is 1% below the US average of $1,163. Within Nebraska, Greenwood's income is 50% above the state average of $65,895, and home values are 34% above the state median of $125,824.
Why Live in Greenwood, NE?
Greenwood offers a strong local economy with a median household income of $99,000, well above the national average, and affordable housing with a median home value of $169,200, below the US average of $244,900, and rent that’s lower than the national average at $1,152/month. Additionally, the city features a strong job market with an unemployment rate of just 2.0%.
Greenwood has a population of 511 with a median age of 33.3 years. Compare Greenwood with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Greenwood
What is the population of Greenwood, NE?
The population of Greenwood, NE is 511 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Greenwood?
The median household income in Greenwood, NE is $99,000 per year, which is 32% above the national median of $75,149.
What is the median home value in Greenwood?
The median home value in Greenwood, NE is $169,200, which is 31% 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, NE is $1,152, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Greenwood?
The unemployment rate in Greenwood, NE is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Greenwood, NE a good place to live?
Greenwood offers above-average incomes, affordable housing, and a strong job market. With a population of 511 and a median age of 33.3, the city appeals to young professionals and families.
How educated is Greenwood, NE?
21.1% 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, NE: median home value is $169,200 (31% below national), median rent is $1,152/month, and median household income is $99,000. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Greenwood?
The poverty rate in Greenwood, NE is 18.0%, 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, NE?
Greenwood's population is 1.8% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.