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Advertise here →Greenfield, MN · Market Data
Greenfield, Minnesota real estate market data.
Real estate market data for Greenfield, MN (Hennepin County) — Census median home value $524,300, county listing prices down about 1.0% over the past year.
Greenfield, MN is in Hennepin County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 2,897, with a median household income of $147,184. Census data puts Greenfield's median home value at $524,300 (all owner-occupied homes); Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
At a glance
Greenfield market snapshot
Population
2,897
Median Household Income
$147,184
Median Home Value (city)
$524,300
Median Listing Price (Hennepin County)
$418,023
Median Gross Rent
$1,083/mo
Price Trend (YoY)
-1.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Greenfield different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Greenfield's median home value — across all owner-occupied homes, not just recent sales — at $524,300. Separately, Hennepin County's current median listing price (via Realtor.com data, 2026-06-01) runs $418,023. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.
Population & Income
Greenfield has an estimated population of 2,897 and a median household income of $147,184, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Greenfield's Census-reported median home value works out to about 3.6x the area's median household income, and median gross rent runs roughly 9% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Greenfield FAQ
What are home values like in Greenfield, MN?
The Census Bureau's American Community Survey puts Greenfield's median home value at $524,300. Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
What is the population of Greenfield, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Greenfield's population at approximately 2,897.
What's the median rent in Greenfield, MN?
The Census ACS estimates median gross rent in Greenfield at approximately $1,083 per month.
What is the median household income in Greenfield, MN?
Census ACS data puts the median household income in Greenfield at approximately $147,184.
Is the Greenfield housing market growing?
Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.
Is Greenfield, MN affordable relative to income?
Census ACS data puts Greenfield's median home value at about 3.6 times the median household income, with median gross rent equal to roughly 9% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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