Where To Invest In Indiana: Greenfield, IN

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Greenfield, Indiana is a city rich in history and full of attractions. In 1828, the county of Hancock was created in April, and a month later, Greenfield was founded as the county seat. At that time, the small town had a population of only 400 people. Map of Greenfield

Since then, Greenfield has had major periods of growth. In 1853, a railroad was built through the town that was a part of the Pennsylvania railroad system, later known as the Penn-Central which brought several opportunities. A little more than 20 years later in 1876, the town became a city with over 2,000 people.

Originally, the primary busines in the town was gristmills where they would grind different types of wheat for settlements. Then, around 1887, the city saw the largest growth due to natural gas being discovered in the area. Greenfield began founding manufacturing plants and other industries due to the discovery, and it became a boomtown for the next 20 years.

The city of Greenfield continues to see growth year after year. It is a city full of history with museums and buildings that were built soon after it was founded. Main Street in Greenfield is home to around 70 buildings that were built between 1835 to early 1900 including emporiums, boutiques, and other small businesses.

Today, Greenfield is home to many families and young professionals. According to Niche, the median household income is $57,950, the median home value is $150,800 with 62% of people owning homes, and the average rent is $896 with 38% of people renting.

Cost of living in the city is about 14% lower than the U.S. average, and it’s ranked #69 of 115 for suburbs with the lowest cost of living in the state. Greenfield is also ranked #54 of 232 for best places to retire in Indiana and #4 for the best place to live in Hancock County.

Greenfield Report


  • 46140


  • Appleview Estates
  • Arrowhead
  • Cardinal Acres
  • Indigo Springs
  • Keystone


  • Riley Home Museum
  • Hancock County Courthouse
  • Riley Park
  • Tuttle Orchards
  • J.W. Riley’s Emporium


Greenfield schools have a student to teacher ratio of 16:1 with 4,396 students in grades PK-12. Regarding the state test scores, 59% of the students are at least proficient in math and 56% are at least proficient in reading.

Niche gives the Greenfield Community school system an overall grade of B+ with category breakdowns as follows:

  • Academics: B+
  • Teachers: B+
  • Clubs & Activities: B
  • Diversity: C
  • College Prep: B
  • Administration: B-

It’s ranked #91 out of 291 for districts with the best teachers in the state, #85 out of 291 for best school districts in Indiana, and #4 for best school districts in Hancock County.


According to BestPlaces, Greenfield’s violent crime rate is ranked at 15.1 and property crime is ranked at 30.3.

This is based off of a scale of 1-100 where 1 is low crime and 100 is high crime with the US average for violent crime is 22.7 and average for property crime is 35.4.


Greenfield has the calmness of a small town with several attractions and amenities close by for residents.

With low crime rates, relatively low housing prices for Central Indiana, and an above-average school system, Greenfield has a lot of great opportunities to find stable, rental real estate investments.

If you are considering adding a rental property in Greenfield to your portfolio, our brokerage team would be happy to meet and work with you.

About the Author

McKenzie Zacha

McKenzie is the Marketing Technologist for T&H Realty Services. With over a year of experience in property management and over 5 years of marketing experience, she uses her knowledge and skills to help educate and advice both new and experienced investors.

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