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Affordable
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These days, finding an affordable place to live in the Glenwood area can be challenging. Home prices in Glenwood are now at a median cost of $193,633, lower than the Illinois average of $300,242.
The average cost of rent is $1,429/mo in Glenwood, primarily driven by the current value of real estate in the Glenwood area. In Glenwood, 26.78% of households rent, and 35.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Glenwood is $7,090 per month. Households that rent pay about 20.16% of their income on rent here. Glenwood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Thornton, IL: less expensive homes
- Homewood, IL: higher priced homes
- East Hazel Crest, IL: less expensive homes
- Ford Heights, IL: less expensive homes
- Chicago Heights, IL: less expensive homes
- South Holland, IL: higher priced homes
- Lynwood, IL: equally priced homes
- Flossmoor, IL: higher priced homes
- Lansing, IL: equally priced homes
- Hazel Crest, IL: equally priced homes
Cities with Similar Populations
- Fairfield Glade, TN: higher priced homes
- Venetia, PA: higher priced homes
- Ventnor City, NJ: higher priced homes
- Villa Hills, KY: higher priced homes
- Fort Salonga, NY: higher priced homes
- Fort Pierce South, FL: higher priced homes
- Fort Myers Beach, FL: higher priced homes
- Flat Rock, NC: higher priced homes
- Firebaugh, CA: higher priced homes
- Farmington, AR: higher priced homes
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