Glenwood, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Glenwood Neighborhoods Since 2000




Glenwood, IL 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 8,996, 3,151 total housing units (homes and apartments), and a median house value of $143,349, 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 72.12% of the village's housing units. Other types of housing that are prevalent in Glenwood include large apartment complexes or high rise apartments ( 18.19%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%).

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 73.96% of Glenwood's homes, and 69.79% 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 between 1940-1969 ( 40.00%). A lesser amount of the housing stock also hails from before 1939 ( 2.44%). There's also some housing in Glenwood built between 2000 and later ( 2.41%).

Vacant housing appears to be an issue in Glenwood. Fully 13.79% 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

Homes have actually lost value in Glenwood over the last then years, as home values have seen a decline of 27.15% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Glenwood home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Glenwood appreciation rates have trailed the rest of the nation. In the last twelve months, Glenwood's appreciation rate has been -3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glenwood were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$143,349

Glenwood, IL HOME PRICES

Value Range
> $1,054,000 0.5
$790,001 - $1,054,000 1.0
$527,001 - $790,000 0.0
$422,001 - $527,000 0.0
$316,001 - $422,000 1.5
$211,001 - $316,000 5.5
$105,001 - $211,000 67.6
$53,001 - $105,000 18.4
$0 - $53,000 5.5

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
53.0938708543302 44.3037974683544

Number Of Homes And Apartments:
3,151

Glenwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-1.50% -0.09% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,240 / per month

Homeownership Rate

Homeownership
Owners 73.96
Renters 26.04
Vacant 13.79

Housing Market Details

 

Age of Homes

AGE OF Glenwood HOMES
2000 or Newer 2.4
1970 - 1999 55.2
1940 - 1969 40.0
1939 or Older 2.4

Types of Homes

TYPE OF Glenwood HOMES
Single-Family 72.1
Townhomes 0.9
Small Apt. Buildings 8.3
Apt. Complexes 18.2
Mobile Homes 0.2
Other 0.3

Home Size

SIZE OF Glenwood HOMES
No Bedroom 1.01
1 Bedroom 5.36
2 Bedrooms 21.97
3 Bedrooms 48.54
4 Bedrooms 21.26
5 or more bedrooms 1.86