In Glenwood, a typical home is worth $198,100 and typical rent is $1,493 a month. Compared with all of Cook County, the typical home value is 39% lower, typical household income is 7% lower, and the share of households that own their home is 21 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $160,090 to $219,173.
Typical rent
$2,034a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Glenwood is in Cook County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cook County. See the county
What this place has that others do not, from public data, most unusual first.
1
79% of households in Glenwood own their home, against 58% in Cook County.
2
The typical home in Glenwood is worth $198,100,39% less than in Cook County as a whole ($324,500).
3
Nearby, in Chicago Heights, the typical rent is $1,038: 30% less than in Glenwood ($1,493).
4
Nearby, in Chicago Heights, the typical home value is $161,000: 19% less than in Glenwood ($198,100).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Glenwood
What homes there are in Glenwood, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Glenwood
Cook County
Illinois
United States
Kind of home: Glenwood and its comparisons
Measure
Glenwood
Cook County
Illinois
United States
Detached house
80%
40%
58%
61%
Attached house
Unreliable estimate
6%
6%
6%
Building of 2 to 4
Unreliable estimate
19%
12%
8%
Apartments (5 or more)
Unreliable estimate
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Glenwood, 8 in 10 homes are single-family detached houses; in Cook County, 4.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Glenwood
Cook County
Illinois
United States
Year built: Glenwood and its comparisons
Measure
Glenwood
Cook County
Illinois
United States
Before 1960
19%
49%
38%
26%
1960–1979
75%
25%
26%
24%
1980–1999
Unreliable estimate
14%
20%
25%
2000–2009
Unreliable estimate
8%
11%
14%
2010 or later
Unreliable estimate
5%
6%
11%
Here half of the homes date from 1968 or later; in Cook County, from 1961 or later.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K14%
$100K–$200K37%
$200K–$300K42%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Glenwood and its comparisons
Measure
Glenwood
Under $100K
14%
$100K–$200K
37%
$200K–$300K
42%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49941%
$1,500–$1,999Unreliable
$2,000–$2,49922%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Glenwood and its comparisons
Measure
Glenwood
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
41%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
22%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,793 a month
Cook County: $2,270 a month
Without a mortgage
$819 a month
Cook County: $910 a month
Owners with a mortgage
65%
Cook County: 62%
In Glenwood, 65% of owners have a mortgage, and their typical cost is $1,793 a month, against $2,270 in Cook County. Without one it drops to $819.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Glenwood+57%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
GlenwoodNo clear change
Cook County+28%
Illinois+26%
United States+33%
Typical household income
GlenwoodNo clear change
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Glenwood and its comparisons
Measure
Glenwood
Cook County
Illinois
United States
Typical home value
+57%
+32%
+35%
+53%
Typical rent
No clear change
+28%
+26%
+33%
Typical household income
No clear change
+29%
+27%
+29%
Since 2015–2019, homes in Glenwood gained value faster than in Cook County: 57% against 32%.
The typical rent in Glenwood stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Glenwood and its comparisons
Measure
Glenwood
Cook County
Illinois
United States
Rental vacancy
Unreliable estimate
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
Unreliable estimate
3.3%
2.5%
3.4%
People per household
2.63
2.43
2.46
2.53
Drive alone
75%
55%
66%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
12%
6%
3%
Walk or bike
Unreliable estimate
5%
3%
3%
Work from home
9%
19%
16%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
More people live in each home here: 2.63 on average, against 2.43 in Cook County.
To get to work, 75% of workers in Glenwood drive alone; in Cook County, 55%.
Do the math
What would you pay each month for a home in Glenwood?
A typical home is tight for the typical income
We start with a typical home in Glenwood, worth $198,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Glenwood, which is $77,391 a year. For that payment to be 28% of income, a household would need to earn about $84,636 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Glenwood. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,934 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,975
at 7.18% · 30 years
Loan amount
$194,511
Total interest
$279,856
Paid off in
November 2056
Includes $3,345 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,806 a month
Tight
$1,806 to $2,322 a month
Your payment · 31%
Hard
more than $2,322 a month
Compared with the typical household income in Glenwood ($77,391 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,318
Property tax
$487
Home insurance
$83
FHA mortgage insurance (MIP)
$88
You need at least $6,934 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,975; principal and interest $1,318.
The city and its county
Glenwood and Cook County
Glenwood is in Cook County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Glenwood
Map of Cook County, Illinois, with Glenwood marked. Around it, the neighboring counties.
Glenwood
Cook County
Other cities with a page
Glenwood's own numbers
Typical home value
$198,100
Typical monthly rent
$1,493
Typical yearly household income
$77,391
Households that own their home
79%
Effective property tax rate
2.95%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cook County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cook County.
A typical home in Glenwood is worth $198,100: 39% below the county and 25% below Illinois. With the typical household income in Glenwood ($77,391 a year), a typical home costs 2.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Glenwood2.6 years
Cook3.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cook County
According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cook County.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.5%
+5.7%
+2.9%
5 years (2020–2025)
+42%
+47%
+47%
10 years (2015–2025)
+61%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Glenwood next to Cook County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Glenwood$198,100
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Glenwood$1,493
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Glenwood$77,391
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Glenwood next to Cook County and Illinois
Measure
Glenwood
Cook County
Illinois
U.S.
Typical home value
$198,100 ▼39% below the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,493 ▲4% above the county
$1,435
$1,274
$1,413
Typical yearly household income
$77,391 ▼7% below the county
$83,498
$83,390
$80,734
Households that own their home
79% ▲21 points above the county
58%
67%
65%
Typical yearly property tax
$5,843 ▼6% below the county
$6,191
$5,298
$3,119
Effective property tax rate
2.95% ▲1.04 points above the county
1.91%
2.01%
0.94%
Renters with high rent for their income
57% ▲8 points above the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Glenwood
For a typical $198,100 home in Glenwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Glenwood's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,975a month
Least cash to close
Down payment
$6,934
Cash to close
$12,877
Rate
7.18%
Mortgage insurance
FHA MIP · $88
Conventional, 5% down$1,939a month
Down payment
$9,905
Cash to close
$15,848
Rate
7.18%
Mortgage insurance
PMI · $94
Conventional, 20% down, no PMI$1,643a month
Down payment
$39,620
Cash to close
$45,563
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,826a month
Down payment
$29,715
Cash to close
$35,658
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Glenwood
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,975
$6,934
$194,512
7.18%
FHA MIP · $88
$12,877
580
Conventional, 5% down
$1,939
$9,905
$188,195
7.18%
PMI · $94
$15,848
620*
Conventional, 20% down, no PMI
$1,643
$39,620
$158,480
7.18%
None
$45,563
620*
ITIN, 15% down (example)
$1,826
$29,715
$168,385
8.18%
None
$35,658
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Glenwood is $1,493 a month: 4% above the county. In Glenwood, 57% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cook County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Cook County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,678
$32.27
$67,120
1 bedroom
$1,780
$34.23
$71,200
2 bedrooms
$2,011
$38.67
$80,440
3 bedrooms
$2,586
$49.73
$103,440
4 bedrooms
$2,954
$56.81
$118,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Glenwood
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Glenwood is in ZIP code 60425.
For 2 bedrooms it is $2,170: $159 more than the fair market rent for Cook County ($2,011).
Fair market rent by ZIP code and size in Glenwood, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60425
$1,810
$1,920
$2,170
$2,790
$3,190
ZIP code2 bd3 bd
60425 $2,170$2,790
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Glenwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Glenwood or Cook County. The ones below are statewide in Illinois: they work in Glenwood the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Glenwood or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Glenwood and all of Cook County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Glenwood?
The typical home value in Glenwood is $198,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.
How much does it cost to rent in Glenwood?
Typical rent in Glenwood is $1,493 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.
What is the FHA loan limit in Glenwood?
Glenwood uses the FHA limit for all of Cook County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Glenwood?
The typical homeowner in Glenwood pays $5,843 a year, according to the U.S. Census Bureau. That is 2.95% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Glenwood?
There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
