Greenwood, located just south of Indianapolis, is a vibrant suburb in Johnson County known for its excellent public schools, rich community life, and abundant recreational opportunities. With a blend of suburban charm and urban convenience, Greenwood is an appealing choice for families and young professionals alike. This article highlights some of the best residential areas in Greenwood, detailing their unique characteristics, housing options, and pricing.
Table of Contents
Old Town Greenwood

(Image for illustration purposes only.)
Old Town Greenwood is the historic heart of the city, offering a charming atmosphere with local shops, restaurants, and community events. This area is perfect for those looking to immerse themselves in the community culture.
Characteristics of the Old Town Greenwood
* Culture: Historic architecture and local festivals
* Transportation: Walkable with easy access to public transport
* Services: Boutique shops, restaurants, parks, and community centers
* Environment: Friendly and lively with community events
Housing Options in the Old Town Greenwood
Restored historic homes, townhouses, single-family residences
Average Home Prices in the Old Town Greenwood
* Buying: $250,000 – $400,000
* Renting: $1,200 – $1,800/month
The Trails

(Image for illustration purposes only.)
The Trails community is known for its family-friendly atmosphere and recreational spaces. The area features a variety of parks and trails, making it ideal for outdoor enthusiasts and families looking for an active lifestyle.
Characteristics of the The Trails
* Culture: Outdoor activities and family events
* Transportation: Car-dependent; some bike paths
* Services: Nearby grocery stores, schools, and recreational facilities
* Environment: Active and community-oriented
Housing Options in the The Trails
Modern single-family homes, townhomes
Average Home Prices in the The Trails
* Buying: $300,000 – $450,000
* Renting: $1,500 – $2,000/month
Southern Grove

(Image for illustration purposes only.)
Southern Grove offers a blend of modern living and green spaces with beautiful new constructions. It's an up-and-coming neighborhood that attracts families and young professionals seeking spacious homes and excellent amenities.
Characteristics of the Southern Grove
* Culture: Emerging neighborhood with new developments
* Transportation: Car necessary; close proximity to major roads
* Services: New shopping centers, schools, and parks
* Environment: Modern and family-friendly
Housing Options in the Southern Grove
New single-family homes and duplexes
Average Home Prices in the Southern Grove
* Buying: $280,000 – $500,000
* Renting: $1,400 – $2,200/month
Greenwood Park

(Image for illustration purposes only.)
Greenwood Park is known for its spacious homes and vibrant community activities. The area is popular among families for its excellent schools and numerous parks, providing an ideal environment for children.
Characteristics of the Greenwood Park
* Culture: Family-centered community with local events
* Transportation: Car-dependent; well-connected roads
* Services: Parks, schools, family restaurants, and shopping
* Environment: Friendly and suburban
Housing Options in the Greenwood Park
Single-family homes, larger lots
Average Home Prices in the Greenwood Park
* Buying: $320,000 – $480,000
* Renting: $1,500 – $2,100/month
Shadowood

(Image for illustration purposes only.)
Shadowood is a tranquil residential area known for its large lots and beautiful landscaping. This neighborhood offers a suburban retreat with easy access to urban amenities.
Characteristics of the Shadowood
* Culture: Quiet suburban living
* Transportation: Car essential; local roads connect to main highways
* Services: Nearby schools, parks, and shopping centers
* Environment: Serene and family-friendly
Housing Options in the Shadowood
Large single-family homes, some custom builds
Average Home Prices in the Shadowood
* Buying: $400,000 – $600,000
* Renting: $1,700 – $2,500/month
Heatherwood

(Image for illustration purposes only.)
Heatherwood is a well-established neighborhood with a mix of older and new homes. The community is known for its friendly atmosphere and strong neighborhood bonds, making it ideal for families and retirees.
Characteristics of the Heatherwood
* Culture: Diverse community with neighborhood gatherings
* Transportation: Car convenient; minor public transport options
* Services: Community parks, schools, nearby shopping
* Environment: Welcoming and communal
Housing Options in the Heatherwood
Single-family homes, condominiums
Average Home Prices in the Heatherwood
* Buying: $250,000 – $400,000
* Renting: $1,100 – $1,700/month
Frequently Asked Questions About the Best Residential Areas in Greenwood:
The best residential areas in Greenwood include Old Town Greenwood, The Trails, Southern Grove, Greenwood Park, Shadowood, and Heatherwood.
The Trails and Greenwood Park are highly recommended for families due to their parks, schools, and community events.
The average home price in Greenwood varies by neighborhood but generally falls between $250,000 to $600,000.
Old Town Greenwood offers the best access to amenities, shops, and dining, making it very convenient.
Yes, Southern Grove is an emerging neighborhood with many new housing developments and modern amenities.
Shadowood features large single-family homes, many with spacious yards and custom designs.
The Trails and Greenwood Park are well-known for their extensive park systems and recreational areas for families.
Public transport options are limited in Greenwood, making a car essential for commuting and daily activities.
Old Town Greenwood hosts various cultural events, local festivals, art exhibits, and community gatherings throughout the year.
Heatherwood has a welcoming and communal ambience, with a strong sense of neighborhood and active community involvement.
Conclusion on the Best Residential Areas in Greenwood:
Greenwood, Indiana, features a diverse range of residential neighborhoods, each catering to different lifestyles and preferences. From the historic charm of Old Town Greenwood to the modern developments in Southern Grove, there is something to suit every taste. Families will find excellent amenities and schools in neighborhoods like The Trails and Greenwood Park, while those seeking tranquility can enjoy large homes with ample outdoor space in Shadowood. The community spirit and numerous local events elevate the living experience, making Greenwood a desirable place to call home.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.