Glenwood IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Glenwood, IA Real Estate Data

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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Glenwood Housing Market Information

With a population of 5,316, 1,881 total housing units (homes and apartments), and a median house value of $220,145, Glenwood real estate is some of the most expensive in Iowa, although Glenwood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Glenwood, accounting for 75.69% of the city's housing units. Other types of housing that are prevalent in Glenwood include large apartment complexes or high rise apartments ( 14.24%), duplexes, homes converted to apartments or other small apartment buildings ( 6.34%), and a few row houses and other attached homes ( 3.74%).

The most prevalent building size and type in Glenwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.21% owning and 36.79% renting.

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 between 1940-1969 ( 29.14%). A lesser amount of the housing stock also hails from before 1939 ( 20.06%). There's also some housing in Glenwood built between 2000 and later ( 7.05%).

Vacant housing appears to be an issue in Glenwood. Fully 11.02% 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

Real estate appreciation rates in Glenwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, Glenwood's appreciation rate, at 4.10%, has been at or slightly above the national average. In the latest quarter, Glenwood's appreciation rate has been 1.22%, which annualizes to a rate of 4.96%.

Relative to Iowa, our data show that Glenwood's latest annual appreciation rate is lower than 50% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$220,145

Glenwood, IA HOME PRICES

Value Range
> $1,228,000 0.0
$921,001 - $1,228,000 0.1
$614,001 - $921,000 0.4
$492,001 - $614,000 0.4
$369,001 - $492,000 6.5
$246,001 - $369,000 22.0
$123,001 - $246,000 56.1
$62,001 - $123,000 13.0
$0 - $62,000 1.6

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
35.421897810219 14.320987654321

Number Of Homes And Apartments:
1,881

Glenwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
45.90% 1.86%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$791 / per month

Homeownership Rate

Homeownership
Owners 63.21
Renters 36.79
Vacant 11.02

Housing Market Details

 

Age of Homes

AGE OF Glenwood HOMES
2000 or Newer 7.0
1970 - 1999 43.8
1940 - 1969 29.1
1939 or Older 20.1

Types of Homes

TYPE OF Glenwood HOMES
Single-Family 75.7
Townhomes 3.7
Small Apt. Buildings 6.3
Apt. Complexes 14.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glenwood HOMES
No Bedroom 1.32
1 Bedroom 15.99
2 Bedrooms 20.01
3 Bedrooms 42.76
4 Bedrooms 16.08
5 or more bedrooms 3.83