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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 $271,559, lower than the Minnesota average of $345,793.
The average cost of rent is $999/mo in Glenwood, primarily driven by the current value of real estate in the Glenwood area. In Glenwood, 20.18% of households rent, and 42.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Glenwood is $5,529 per month. Households that rent pay about 18.08% of their income on rent here. Glenwood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Long Beach, MN: higher priced homes
- Villard, MN: less expensive homes
- Starbuck, MN: less expensive homes
- Lowry, MN: higher priced homes
- Sedan, MN: equally priced homes
- Forada, MN: higher priced homes
- Terrace, MN: higher priced homes
- Grove Lake, MN: less expensive homes
- Westport, MN: less expensive homes
- Farwell, MN: higher priced homes
Cities with Similar Populations
- West, TX: equally priced homes
- West Elmira, NY: less expensive homes
- West Buxton, ME: higher priced homes
- West Fork, AR: less expensive homes
- West Lafayette, OH: less expensive homes
- West Wareham, MA: higher priced homes
- Woodville, MS: less expensive homes
- Worden, IL: less expensive homes
- Wrightwood, CA: higher priced homes
- Yellow Springs, OH: higher priced homes
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