Greenwood

Population: 720
Median household income: $199,063
Median home value: $1,041,700

Greenwood, a community in Hennepin County, Minnesota, has 720 residents. At $199,063, its median household income sits above Hennepin County's $96,339.

Between 2019 and 2023, Greenwood's population grew 3.7% from 694 to 720, while its median home value rose 11.6% from $933,100 to $1,041,700.

The median gross rent is $1,917. 79.5% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 720
Median age: 48.8 yrs
Median household income: $199,063
Median home value: $1,041,700
Median gross rent: $1,917
Housing units: 340
Homeownership rate: 90.0%
Bachelor's degree or higher: 79.5%
Unemployment rate: 2.8%

Trends

ACS 5-year · 2019–2023

Population

694720

Median household income

$157,188$199,063

Median home value

$933,100$1,041,700

Median gross rent

$1,400$1,917

Year	Population	Median household income	Median home value	Median gross rent
2019	694	$157,188	$933,100	$1,400
2020	742	$183,750	$925,000	$1,333
2021	732	$172,500	$992,600	$1,769
2022	742	$197,000	$1,077,600	$1,808
2023	720	$199,063	$1,041,700	$1,917

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.6%

5 to 1711.5%

18 to 241.7%

25 to 3419.9%

35 to 447.6%

45 to 5411.1%

55 to 6423.5%

65 to 749.4%

75 and over9.7%

	Count	Share
Under 5	40	5.6%
5 to 17	83	11.5%
18 to 24	12	1.7%
25 to 34	143	19.9%
35 to 44	55	7.6%
45 to 54	80	11.1%
55 to 64	169	23.5%
65 to 74	68	9.4%
75 and over	70	9.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	704	97.8%
Black or African American	3	0.4%
American Indian & Alaska Native	0	0.0%
Asian	1	0.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	10	1.4%
Hispanic or Latino (any race)	2	0.3%

Educational attainment (age 25+)

No high school diploma0.0%

High school graduate5.3%

Some college or associate's15.2%

Bachelor's degree53.7%

Graduate or professional degree25.8%

	Count	Share
No high school diploma	0	0.0%
High school graduate	31	5.3%
Some college or associate's	89	15.2%
Bachelor's degree	314	53.7%
Graduate or professional degree	151	25.8%

Commute to work

Mean travel time to work: 25 min

Drove alone44.3%

Carpooled5.5%

Public transit0.7%

Walked1.7%

Bicycle0.0%

Worked from home45.5%

Other means2.4%

How workers get to work

	Count	Share
Drove alone	186	44.3%
Carpooled	23	5.5%
Public transit	3	0.7%
Walked	7	1.7%
Bicycle	0	0.0%
Worked from home	191	45.5%
Other means	10	2.4%

Travel time

	Count	Share
Under 15 min	73	31.9%
15 to 29 min	82	35.8%
30 to 44 min	37	16.2%
45 to 59 min	26	11.4%
60+ min	11	4.8%

Households

Average household size: 2.56
Poverty rate: 7.5% (53 of 707)

	Count	Share
Family households	224	79.7%
Nonfamily households	57	20.3%

Housing

Median year structure built: 1989

Occupancy

	Count	Share
Occupied	281	82.6%
Vacant	59	17.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	253	90.0%
Renter-occupied	28	10.0%

1-unit, detached85.3%

1-unit, attached1.5%

2 to 4 units0.0%

5 to 19 units7.4%

20 or more units5.3%

Mobile home & other0.6%

Units in structure

	Count	Share
1-unit, detached	290	85.3%
1-unit, attached	5	1.5%
2 to 4 units	0	0.0%
5 to 19 units	25	7.4%
20 or more units	18	5.3%
Mobile home & other	2	0.6%

Geography

Place GEOID: 2725918
Type (LSAD): 25
Land area: 0.36 sq mi
Water area: 0.68 sq mi
Center point: 44.9130, -93.5540