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ZipNumbers

Minnesota · Census place 25918

Greenwood city, MN

Quick answer

Greenwood city has 720 residents, ranking #419 of 914 places in Minnesota. Median household income is $199,063, the median home is worth $1,041,700 and median gross rent runs $1,917 a month.

Population
720Greenwood city residents
Median household income
$199,063Past 12 months, inflation adjusted
Median home value
$1,041,700Owner-occupied units
Median gross rent
$1,917Rent plus utilities, monthly
Median age
48.8 yrsAll residents
Homeownership rate
90%Owner-occupied households

What the numbers mean in Greenwood city

Housing cost measured against local earnings.

A household earning the Greenwood city median would spend about 11.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.5% of residents and 90% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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