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Glasgow

Learn about the people, housing, costs and businesses in Glasgow, Illinois

Median Home$98,800
Median Rent$678/month
Population113
Leading IndustriesPublic Administration · Transportation · Arts, Food & Hospitality27% public administration
Home Value Growth+10.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners79% of occupied units
NotableAffordable Market$99k median home · lower cost than 92% of the country
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Glasgow
IL

Frequently Asked Questions

What are today's mortgage rates in Glasgow?

As of today, the 30-year fixed mortgage rate for Glasgow is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Glasgow?

The median home value in Glasgow is $99k. The median monthly rent is $678. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glasgow?

Home values in Glasgow have increased 10.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Glasgow?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Glasgow is $59k/year.

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What industries drive the economy in Glasgow?

The largest employment sectors in Glasgow are public administration (27%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.