Greenwood Indiana rental property for out of state investor

[David Walker]

Anyone know about Greenwood IN? I am trying to do some market research on the industries that drive the job market in the area. What do people say is the good and the bad about Greenwood?

[Ross Denman]

I grew up in Greenwood and graduated from Center Grove. Greenwood has 2 townships. The biggest part of Greenwood is in Pleasant Township. That what we used to call "old Greenwood." There's a downtown strip with older homes surrounding the area. There's newer construction outside of that. As mentioned above, look at the crime maps as some of the apartments in the area can be a nuisance.

The northwestern township in Johnson County is also Greenwood. White-River Township is much more newly developed with much nicer homes than most of Pleasant County. Center Grove Schools are a very desirable school as well. It's hard to get good rent ratios here though unless you find some older homes in the old Smith Valley area. There is a mobile home park at the northern part of this township and homes in that area are usually a little cheaper. They are good homes built in the late 70's/early 80's but being near the mobile home park keeps the prices a little more reasonable.

Both areas are great places for rentals. Good schools, lower crime, smaller city/suburban feel, etc. Older homes will typically require more maintenance, but that's going to be the case anywhere. I would always take a closer look at an opportunity in Greenwood.