Glenwood, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glenwood, MN 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 2,568, 1,235 total housing units (homes and apartments), and a median house value of $184,980, Glenwood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glenwood, accounting for 65.00% of the city's housing units. Other types of housing that are prevalent in Glenwood include large apartment complexes or high rise apartments ( 18.62%), duplexes, homes converted to apartments or other small apartment buildings ( 10.94%), and a few row houses and other attached homes ( 5.43%).

People in Glenwood primarily live in small (one, two or no bedroom) single-family detached homes. Glenwood has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glenwood's housing was primarily built during this period, from the '40s through the '60s. A full 29.86% of the city's housing hails from this era. Other housing ages represented in Glenwood include homes built between 1970-1999 ( 29.49%) and housing constructed before 1939 ( 25.36%). There's also some housing in Glenwood built between 2000 and later ( 15.29%).

Vacant housing appears to be an issue in Glenwood. Fully 10.51% 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

Appreciation rates for homes in Glenwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.94%, which ranks in the top 50% nationwide. This equates to an annual average Glenwood house appreciation rate of 0.29%.

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 2.15%, 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 -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that Glenwood's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$184,980

Glenwood, MN HOME PRICES

Value Range
> $1,101,000 1.0
$826,001 - $1,101,000 0.0
$551,001 - $826,000 1.8
$440,001 - $551,000 3.9
$331,001 - $440,000 9.2
$220,001 - $331,000 18.6
$110,001 - $220,000 38.7
$55,001 - $110,000 24.0
$0 - $55,000 2.8

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
36.4350169928513 46.4065708418891

Number Of Homes And Apartments:
1,235

Glenwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
57.66% 2.67% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 62.28
Renters 37.72
Vacant 10.51

Housing Market Details

 

Age of Homes

AGE OF Glenwood HOMES
2000 or Newer 15.3
1970 - 1999 29.5
1940 - 1969 29.9
1939 or Older 25.4

Types of Homes

TYPE OF Glenwood HOMES
Single-Family 65.0
Townhomes 5.4
Small Apt. Buildings 10.9
Apt. Complexes 18.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glenwood HOMES
No Bedroom 5.07
1 Bedroom 10.58
2 Bedrooms 33.99
3 Bedrooms 32.46
4 Bedrooms 14.20
5 or more bedrooms 3.70

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Zip Codes in Glenwood, MN