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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Glenwood, IA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glenwood, IA Housing Market Trends

With a population of 5,136, 2,062 total housing units (homes and apartments), and a median house value of $291,147, Glenwood real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Glenwood, accounting for 70.48% of the city's housing units. Other types of housing that are prevalent in Glenwood include duplexes, homes converted to apartments or other small apartment buildings ( 19.27%), large apartment complexes or high rise apartments ( 6.62%), and a few row houses and other attached homes ( 3.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glenwood. Owner-occupied housing accounts for 66.21% of Glenwood's homes, and 59.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glenwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Glenwood built before 1939 ( 23.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.51%). There's also some housing in Glenwood built between 2000 and later ( 10.51%).

Vacant housing appears to be an issue in Glenwood. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Glenwood homes and apartments can be a drag on the real estate market, holding Glenwood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Glenwood Home Appreciation Rates

Glenwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glenwood during the period has been just 5.18%, which is lower than 70% of US communities.

Appreciation rates are so strong in Glenwood that despite a nationwide downturn in the housing market, Glenwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glenwood appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 74.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glenwood. Glenwood appreciation rates in the latest quarter were at -1.16%, which equates to an annual appreciation rate of -4.54%.

Notably, Glenwood's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Glenwood's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$291,147

Glenwood, IA Home Prices
> $1,309,000
$982,001 - $1,309,000
$654,001 - $982,000
$524,001 - $654,000
$393,001 - $524,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
0.6%
0.6%
0.0%
0.0%
1.6%
1.6%
3.4%
3.4%
14.2%
14.2%
28.8%
28.8%
41.9%
41.9%
8.8%
8.8%
0.7%
0.7%
0% 100.0%
% of Homes
Very High

for Iowa

Average

for nation

Number of Homes And Apartments:

2,062

Glenwood Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,073 / per month

Homeownership Rate

Owners
Renters
66.2%
66.2%
33.8%
33.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.9%
11.9%
88.1%
88.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
43.5%
43.5%
22.5%
22.5%
23.5%
23.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.5%
70.5%
3.2%
3.2%
19.3%
19.3%
6.6%
6.6%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
17.3%
17.3%
19.2%
19.2%
43.2%
43.2%
16.4%
16.4%
2.4%
2.4%
0% 100.0%
% of Homes