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Greenfield

Learn about the people, housing, costs and businesses in Greenfield, Minnesota

Median Home$532,000
Median Rent$1,094/month
Population2,841
Leading IndustriesWholesale Trade · Retail · Transportation11% wholesale trade
Home Value Growth+1.6% over 2 years
Family-Friendly22% of residents
Homeowners92% of occupied units
NotableHigh Incomes$150k/year · top 4% nationally
NotableHighly Educated34% bachelor's · 14% graduate · top 4% nationally
Greenfield
MN

Frequently Asked Questions

What are today's mortgage rates in Greenfield?

As of today, the 30-year fixed mortgage rate for Greenfield is approximately 6.822% (6.855% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Greenfield?

The median home value in Greenfield is $532k. The median monthly rent is $1,094. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Greenfield?

Home values in Greenfield have increased 1.6% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Greenfield?

Based on a typical all-in ownership cost of $2,064/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Greenfield is $150k/year.

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What industries drive the economy in Greenfield?

The largest employment sectors in Greenfield are public administration (17%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.