Greenwood is an appealing destination about 12 miles south of Fort Smith in the heart of the Arkansas River Valley. Nearly 10,000 residents enjoy top-rated schools and a strong business climate. The tight-knit community also features several churches and plenty of outdoor activities. “It’s got that country feel with a little bit of city flair,” says Sarah Newton with Weichert Realtors-The Griffin Company in Fort Smith. “The biggest attraction is that it has the best school system in the entire River Valley.”
Greenwood
Located in Sebastian County
72936Local companies manufacture a variety of products
The city’s economy is anchored by several local manufacturing companies with national footprints. Corrugated boxes, medical treatment tables and fishing lures are among the products mass produced in Greenwood.
Good schools, low-cost loans help drive the housing market
The median price is $230,000, about 10 percent higher than Fort Smith but nearly 40 percent lower than the national median. Greenwood has been at the forefront of the regional housing boom, which kept relative home values up. The presence of good schools and the availability of USDA rural development loans contributed to an active market. “Buyers can come in and get the best school district in the state without having to put up a down payment,” Newton says. Ranch-style designs and newer brick-built homes in neighborhood settings are common among the city’s housing options. Spacious, multi-level modern homes are a highlight of new subdivisions such as East Village, where lots list for under $60,000. Acreage homes are among the city’s most expensive. The river valley is characterized by hot summers and mild winters. Residents are likely to experience rain every month. Rainstorms are the most common severe weather event, and tornadoes are possible.
Greenwood district includes top-rated schools and a football powerhouse
Students are served by the Greenwood School District, which earns an A from Niche. Five schools encompassing all four levels – elementary, middle, junior high and high school – also receive As from Niche. The school system provides special education classes and intervention programs, and its specialized offerings include STEM and gifted and talented. The high school features dual enrollment at University of Arkansas-Fort Smith and Arkansas Tech University, and it has a dedicated website for the Career Action Plan program. Greenwood High is a football powerhouse whose 12 state titles since 2000 is an Arkansas modern-era record. “You’ve got the highly rated schools, and then you add on the athletic portion,” Newton says. “They have sent several athletes to big-name schools.” The University of Arkansas, the state’s premier school, is about an hour’s drive up Interstate 540.
The Arkansas River Valley offers plenty of recreation
The nearby Arkansas River is the region’s premier destination for floating, boating and fishing. City parks offer an array of athletic amenities, playgrounds and hiking trails. City ponds and Greenwood Lake offer additional fishing opportunities. Bell Park, the largest of the city’s recreational spaces, hosts the annual Fall Festival. City Square, an urban green space that features a veterans memorial built around an iconic clock tower, is the center of community activity. It is the site of the 4th of July Freedom Fest. The signature event begins with a 5K and includes vendors, artists, musicians and children’s activities. The Greenwood Performing Arts Center is just a few blocks from City Square. Vache Grasse Country Club has been part of the city since 1965. It features an 18-hole golf course and other resort-style amenities.
Retail stores and restaurants line Center Street
Walmart and Harps Food Stores, staples of Arkansas retail, highlight a variety of shopping options along Center Street. Restaurants are also concentrated around the city’s main commercial corridor, which runs from its west side through downtown. “The Dari is nice, little, quaint place. I would say that’s the hotspot,” Newton says. “They have a little bit of everything. You can get beans and cornbread, ribs and catfish. But they also do veggie plates with cottage cheese and fruit. Greenwood also has, in my opinion, a really good Chinese restaurant called Lin’s House.” More dining options are available in downtown Fort Smith, which is a regional hub of entertainment and nightlife.
Conveniently located to Fort Smith and major interstates
U.S. Highway 71 connects directly to Fort Smith. “A lot of people who live here work outside the city and still commute.” Fort Smith is home to several large medical facilities, including Baptist Health-Fort Smith and Mercy Hospital Fort Smith. Fort Smith Regional Airport is about a 15-mile drive. I-540 in Fort Smith connects to I-40 and I-49, which provide access to the larger cities of central Arkansas and Northwest Arkansas, respectively.
Crime statistics for Greenwood are not readily available.
Written By
Lia Jones
Interested in learning more about homes in this area? Reach out to , an experienced agent in this area.
Agents Specializing in this Area
-
KENDRA MURPHY
KENDRA MURPHY
Kendra & Co Realty
(479) 480-5682
67 Total Sales
1 in Greenwood
$155,000 Price
-
Stan Robison
Stan Robison
Keller Williams Platinum Realty
(479) 323-2506
63 Total Sales
18 in Greenwood
$60K - $350K Price Range
-
Jeanette Jones
Jeanette Jones
Responds QuicklyTRUVI Realty
(479) 789-9259
144 Total Sales
17 in Greenwood
$110K - $575K Price Range
-
Dylan Stanley
Dylan Stanley
Coldwell Banker Premier Realty
(479) 315-5237
199 Total Sales
1 in Greenwood
$585,000 Price
-
Tracy Cravey
Tracy Cravey
McGraw, REALTORS
(479) 888-2494
76 Total Sales
8 in Greenwood
$55K - $565K Price Range
-
Alyssia Beneux
Alyssia Beneux
The Heritage Group Real Estate - Barling
(479) 551-5419
28 Total Sales
1 in Greenwood
$180,000 Price
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Parks in this Area
Greenwood Square
Bell Park
Greenwood Housing Trends
On average, homes in Greenwood, AR sell after 60 days on the market compared to the national average of 58 days. The median sale price for homes in Greenwood, AR over the last 12 months is $222,500, up 5% from the median home sale price over the previous 12 months.
Housing Trends
|
Median List Price
$239,900
|
Median Sale Price
$222,500
|
|
Median Single Family Sale Price
$228,000
|
Median 2 Bedroom Sale Price
$152,500
|
|
Median Change From 1st List Price
3%
|
Last 12 months Home Sales
149
|
|
Median Home Sale Price YoY Change
5%
|
Average Price Per Sq Ft
$151
|
Area Facts
|
Number of Homes
3,025
|
Number of Homes for Sale
48
|
|
Median Year Built
2001
|
Months of Supply
3.90
|
|
Average Single Family Home Size Sq Ft
2,057
Above the national average
1,933
|
Median Lot Size Sq Ft
12,196
|
Open Houses
Sunday, Jun 28
Open Sun 2PM - 4PM
Sunday, Jun 28
Open Sun 2PM - 4PM
Homes for Sale
Homes for Rent
Distribution of Home Values
Average Home Value
Property Mix - Square Feet
Greenwood Has More Owners
Rental Home Trends
|
Number of Homes for Rent
11
|
Median Rent
$1,250
|
|
Median Single Family Home Rent
$1,500
|
Median 4 Bedroom Single Family Home Rent
$1,800
|
|
Median Condo Rent
$895
|
Median 2 Bedroom Condo Rent
$895
|
Demographics
|
Total Population
9,254
|
Median Age
37
|
|
Population under 18
28.6%
On par with the national average
23.8%
|
Population over 65
15.2%
On par with the national average
19.1%
|
Finances
|
Median Household Income
$54,720
Significantly below the national average
$79,597
|
Average Household Income
$70,326
|
Education and Workforce
|
High School Graduates
91.9%
|
College Graduates
24.7%
Below the national average
34.1%
|
|
Advanced Degrees
9%
On par with the national average
13.3%
|
% Population in Labor Force
63.4%
|
Area Factors
Somewhat bikeable
Bikeability
20
/ 100
Somewhat walkable
Walkability
20
/ 100
Source: Local Logic
Sources: Local Logic
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
