HomeInsuranceQts

Home Insurance in Greenwood, Arkansas

The median home value in Greenwood is $182,900, close to the Sebastian County median.

The typical home in Greenwood was built around 1995. About 8% of homes were built before 1960, about 13 points below Sebastian County's 21%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.

Housing in Greenwood breaks down to 84% single-family homes and 6% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.

64% of owner-occupied homes in Greenwood carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 74% of occupied homes in Greenwood are owner-occupied.

56% of homes in Greenwood are primarily heated with natural gas.

Sebastian County had 375 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively High). See the full Sebastian County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Arkansas carries a statewide average premium of $1,870 per year.

Key figures

Median home value$182,900
Median year built1995
Owner-occupied share74%
Share of owner-occupied homes with a mortgage64%
Top county hazardTornado (Relatively High)
Active NFIP policies in Sebastian County375
Home insurance premium$1,870 - statewide average (NAIC, 2023 data)
Key home insurance figures for Greenwood, AR

Nearby towns

Sources

Data last updated: 2026-09-29