Originally known as "Smocktown" in the 1820s after early settler John B. Smock, Greenwood has evolved into a thriving suburban community just 11 miles south of downtown Indianapolis. With average rents around $1,160 and a variety of housing options, renters find both intimate apartment communities and spacious townhomes throughout the city. The Old Town Historic District, centered around Madison Avenue and Main Street, features charming rental properties with historic architecture, while newer developments near Interstate 65 provide contemporary features and convenient access to major employers.

Greenwood boasts 17 parks spanning 400 acres with over 20 miles of trails for walking and biking. Freedom Park stands out with its sports courts, playground equipment, and direct access to Freedom Springs Aquatic Center. The Greenwood Park Mall area serves as a regional shopping destination, while the revitalized Old City Park anchors the historic downtown with its plaza, playground, and promenade. University Park and Craig Park are nestled among established neighborhoods, offering playgrounds, walking paths, and recreational facilities throughout the seasons.

Three Interstate 65 exits serve Greenwood, making commutes to Indianapolis streamlined for those who work in the city. The average commute time is approximately 25 minutes. Major employers in the area include Endress+Hauser, Nachi America, and an Amazon fulfillment center. The city's robust economy includes opportunities in service industries, retail trade, and transportation, with many jobs available both within Greenwood and throughout the greater Indianapolis area.