Glenwood, IL—60425
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glenwood, IL
As of Oct '25, the median home price in Glenwood, IL is $205,000, with a year-over-year change of 4.3%. This indicates that home prices in Glenwood, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | 4.3% |
| Single Family | $225,000 | 5.1% |
| Condos | $113,000 | -8.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | -1.6% |
3 Bed | $214,000 | 6.5% |
4 Bed | $252,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Glenwood, IL
As of July '25, Rentcast reports the average rent in Glenwood, IL is $2,370, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Glenwood, IL is 2-bedrooms: $2,100, 3-bedrooms: $2,530, 4-bedrooms: $2,700. The most common rental property sizes in Glenwood, IL are 2-bedroom and 3-bedroom, accounting for 27.5% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,100 |
| 3 Bed Rent | $2,800 | $2,530 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Glenwood, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Glenwood, IL is 50. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $228,000 | 2.0% |
Listing Count | 59 | 69.0% |
| Listings as % of Homes | 0.9% | 69.0% |
Days on Market | 50 | 42.0% |
Demographics — Glenwood, IL
As of the latest ACS Survey released in 2023, Glenwood, IL has a population of 8,730, which has decreased by -2.0% over the past 5 years. Glenwood, IL is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,730 | -2.0% |
% Under 18 | 26.1% | 9.7% |
% Seniors | 16.9% | 3.7% |
% WFH | 10.4% | 181.1% |
% w/ College Degree | 36.9% | 15.0% |
As of the latest ACS Survey released in 2023, Glenwood, IL is a predominantly black area, with 68.2% of the population identifying as black. The black population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Glenwood, IL is white, making up 21.5% of the population. Foreign-born residents account for 3.3% of the population in Glenwood, IL, and this percentage has decreased by 45.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 21.5% | 12.0% |
% Black | 68.2% | -2.3% |
% Hispanic | 5.7% | -27.8% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 3.3% | -45.0% |
Mortgage and Risk — Glenwood, IL
According to HUD data as of 2023, there were 148 mortgage originations in Glenwood, IL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Glenwood, IL. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Glenwood, IL
Glenwood, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 144 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,880 |
| 2 Bedroom | $120 | $2,000 | $2,120 |
| 3 Bedroom | -$80 | $2,800 | $2,720 |
| 4 Bedroom | $500 | $2,700 | $3,200 |
Affordability — Glenwood, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $205,000 |
| Median Household Income | $71,300 |