It is the fifth largest municipality in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area with a population of 8,952 according to the 2010 US Census.

The growth of Greenwood was comparatively slow, but by the breaking out of the Civil War it had attained some importance as a business center and by 1889 its business directory listed General Merchandise, Drugs, Groceries, Cotton Gin, Grist and Saw Mill, 3 Hotels, 3 Blacksmith and wood shops, 3 physicians, 1 dentist and 7 attorneys.

The clock and bell tower that stands in the middle of town square was designed and built in 1976 in recognition of the United States' bicentennial.

The square was the site for the Sebastian County Court House until 1916 when a new one was built across the street on the south side.

As a part of the Veterans' Memorial Square, there's a circle of stepping stones called the "Patriot's Walk."

Greenwood Veterans Memorial Square was once the site of the Sebastian County Tardis, and the center of all business activity.

Greenwood's walking trail system weaves through the city and along the Promenade at Bell Park.

Bell Park is also equipped with play grounds, tennis courts, 18-hole Disc Golf course, and picnic areas.

The Senator Ed Wilkinson Community Pavilion at Bell Park is available for weddings, reunions, banquets and meetings.

Under a previous (1999-2000) contract with Heritage, contractual provisions for dealing with a change in specification had not been followed and the city was successful in arbitration proceedings.

The Memorial is located southeast of the Greenwood Townsquare on property donated by First National Bank and the Dr. James Burgess family.

As water filled the holes and froze, the pressure of the ice split the stone into manageable size.

The men shaped the stone into building blocks and erected a four cell two story jail.

The majority of the inmates were incarcerated for minor crimes such as rowdy behavior, drunkenness and theft.

Visitors to the jail building who look carefully at the floors and walls will find messages scratched into the stone and cement by the inmates.

The building stood empty and idle for many years except when the city night watchman put some local resident in the jail overnight.

The cabin was a gift to the Sebastian County Historical Society from Suzanne Francis and Sandra Blackstock, granddaughters of former owners William and Mattie Vineyard.

Mr. Blaylock first built a one-room cabin with a stone fireplace where he lived and taught school until his marriage in 1850.

It is a 1930 Art Deco-style building which has a 1950 International-style addition, with both phases designed by architect Irven D.