Greenfield, Wisconsin Housing Market Prices
Greenfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 36% above the Wisconsin median$232,535
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Median rent 7% above the Wisconsin median$1,168
Housing Market Overview
| Metric | Greenfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,535 | $170,479 | $248,835 |
| Price Trend (Annual %) | 2.8% | 4.2% | 7.5% |
| Median Gross Rent | $1,168 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greenfield is about 36% higher than in Wisconsin. Rent is about 7% higher than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greenfield, up about 2.8% and 3.6% a year respectively. Rent is changing faster.
Median rent in Greenfield rose about 34.8% between 2015 and 2024, from $866 to $1,168. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Greenfield.
Buying the median-priced home in Greenfield costs roughly 16.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greenfield. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Greenfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $232,535 | $170,479 | $248,835 |
| Median Household Income | $71,643 | $77,698 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greenfield rose about 31.2%, while median household income rose about 33.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Greenfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.0% | 60.5% | 58.5% |
| Rental Rate | 44.0% | 28.7% | 31.2% |
| Vacancy Rate | 3.0% | 10.8% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Greenfield has a homeownership rate of 53.0%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 3.0%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Greenfield | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.11 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1973 | 1974 | 1978 |
| Median Number of Rooms | 4.8 | 5.6 | 5.5 |
The typical housing unit in Greenfield was built around 1973. On average, 2.1 people live in a home with about 4.8 rooms, staying for about 12.0 years on average.
Greenfield, WI Housing Compared With Nearby Cities
How Greenfield, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greenfield, WI | 37,199 | $232,535 #1/2 | $1,168 #2/2 | 54.7% #2/2 |
| Franklin, WI | 35,891 | $192,535 | $1,457 | 77.3% |
Frequently Asked Questions
Common questions about the housing market in Greenfield, Wisconsin.
What is the median home price in Greenfield, Wisconsin?
The median home price in Greenfield, Wisconsin is $232,535, higher than the Wisconsin average of $170,479.
What is the average home price in Greenfield, Wisconsin?
The typical home price in Greenfield, Wisconsin, reported as the median sale price, is $232,535. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Greenfield, Wisconsin?
The median gross rent in Greenfield, Wisconsin is $1,168 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in Greenfield in 2020?
In 2020, the median gross rent in Greenfield, Wisconsin was $975 per month.
What is the price-to-rent ratio in Greenfield, Wisconsin?
The price-to-rent ratio in Greenfield, Wisconsin is about 16.6, meaning it would take roughly 16.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Greenfield.
Are home prices or rent rising faster in Greenfield, Wisconsin?
Both home prices and rent are rising in Greenfield, up about 2.8% and 3.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Greenfield, Wisconsin?
53.0% of households in Greenfield, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Greenfield, Wisconsin?
The housing vacancy rate in Greenfield, Wisconsin is 3.0%, lower than the Wisconsin average of 10.8%.
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