West Midland Oil Country

Condos & Apartments in Greenwood, TX

Welcome to Greenwood, a small Midland County community on Midland's western edge, set in the oil and ranch country of the Permian Basin.

Greenwood is an unincorporated community in Midland County, Texas, located on the western edge of the city of Midland. It is part of the Midland metropolitan area, in the heart of the Permian Basin, one of the nation's most productive oil-producing regions. The community has roughly 2,000 residents, though its population has grown alongside Midland's energy-driven expansion. Greenwood's roots reach back to the 1890s, when it developed as a farming community on the open plains west of Midland. The discovery and development of Permian Basin oil transformed the region in the twentieth century, and Greenwood evolved from an agricultural settlement into a residential community tied to Midland and the oil industry. That history is reflected in its mix of older rural homes, newer suburban construction, and the oil-field landscape that surrounds it. Public education is provided by the Greenwood Independent School District, which serves students from the community and the surrounding western Midland County area and functions as the community's institutional center. The community also supports local churches and a volunteer fire department, maintaining a small-town character despite its proximity to a growing city. Greenwood's identity is closely tied to its school district, which has anchored the community through its transition from farming to energy. The surrounding landscape of mesquite flats, oil-field roads, and scattered ranches reflects the working character of western Midland County, where the Permian Basin's oil industry has long dominated the economy. Many residents commute into Midland for work, while others are tied directly to the oilfield services, logistics, and support businesses that operate across the region. For residents, Greenwood offers a quieter, lower-density alternative to Midland itself, with the city's employment, shopping, medical facilities, and airport only minutes away.

Population 2,000
County Midland County
Active Listings 71

Frequently Asked Questions

Where is Greenwood, Texas located?

Greenwood is an unincorporated community in Midland County, Texas, on the western edge of the city of Midland. It is part of the Midland metropolitan area in the Permian Basin region.

What school district serves Greenwood?

Greenwood is served by the Greenwood Independent School District, a public district based in the community. The district enrolls students from Greenwood and the surrounding western Midland County area, and its campuses anchor community life.

What is Greenwood's history?

Greenwood first developed as a farming community in the 1890s, and the later Permian Basin oil boom reshaped the area's economy, turning it into a residential community tied to Midland and the oil industry.

MARKET SNAPSHOT

The Market at a Glance

How homes have been selling here over the last 90 days.

home_work New This Week 0
Went Under Contract 0
trending_down Price Reductions 0
payments Median Sale Price $197,500 -25.5%
square_foot Price per Sq Ft $113
schedule Avg Days on Market 81
sell Homes Sold 8
percent Sale-to-List Ratio 99.0%
inventory_2 Months of Inventory 7.8

Price & Sales History

Market data reflects closed sales over the last 90 days and is provided for informational purposes.

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