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Glenwood

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

Median Home$198,423
Median Rent$1,221/month
Population8,103
Leading IndustriesFinance & Insurance · Information & Media · Public Administration13% finance & insurance
Home Value Growth+4.8% over 2 years
Young Adults25% of residents
Homeowners72% of occupied units
NotableTransit84/100 · excellent transit access
NotableAmenity Score70/100 · highly walkable area
Glenwood
IL

Frequently Asked Questions

What are today's mortgage rates in Glenwood?

As of today, the 30-year fixed mortgage rate for Glenwood is approximately 7.089% (7.103% 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 Glenwood?

The median home value in Glenwood is $198k. The median monthly rent is $1,221. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glenwood?

Home values in Glenwood have increased 4.8% over the past two years. This represents moderate growth. 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 Glenwood?

Based on a typical all-in ownership cost of $1,372/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Glenwood is $75k/year.

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What industries drive the economy in Glenwood?

The largest employment sectors in Glenwood are public administration (36%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.