In Glenwood, a typical home is worth $206,200 and typical rent is $924 a month. Compared with all of Mills County, typical household income is 21% lower, the typical home value is 13% lower, and the share of households that own their home is 7 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $253,534 to $313,897.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Glenwood is in Mills 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 Mills County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Red Oak, the typical home value is $99,700: 52% less than in Glenwood ($206,200).
2
Nearby, in Clarinda, the typical rent is $660: 29% less than in Glenwood ($924).
3
The typical household income in Glenwood is $71,790,21% less than in Mills County as a whole ($90,753).
4
76% of households in Glenwood own their home, against 84% in Mills County.
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
Mills County
Iowa
United States
Kind of home: Glenwood and its comparisons
Measure
Glenwood
Mills County
Iowa
United States
Detached house
72%
84%
72%
61%
Attached house
Unreliable estimate
Unreliable estimate
5%
6%
Building of 2 to 4
14%
6%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
4%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Glenwood, but it weighs less than in Mills County: 72% against 84%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Glenwood
Mills County
Iowa
United States
Year built: Glenwood and its comparisons
Measure
Glenwood
Mills County
Iowa
United States
Before 1960
31%
38%
38%
26%
1960–1979
41%
24%
24%
24%
1980–1999
17%
19%
17%
25%
2000–2009
8%
12%
11%
14%
2010 or later
Unreliable estimate
8%
11%
11%
The typical year built in Glenwood is 1971, about the same as in Mills County (1972).
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K38%
$200K–$300K39%
$300K–$500K13%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Glenwood and its comparisons
Measure
Glenwood
Under $100K
Unreliable estimate
$100K–$200K
38%
$200K–$300K
39%
$300K–$500K
13%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99941%
$1,000–$1,49935%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Glenwood and its comparisons
Measure
Glenwood
Under $500
Unreliable estimate
$500–$999
41%
$1,000–$1,499
35%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,578 a month
Mills County: $1,652 a month
Without a mortgage
$708 a month
Mills County: $647 a month
Owners with a mortgage
66%
Mills County: 61%
The typical cost for an owner with a mortgage in Glenwood is $1,578 a month, near the figure in Mills County ($1,652).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Glenwood+39%
Mills County+41%
Iowa+41%
United States+53%
Typical rent
Glenwood+33%
Mills County+16%
Iowa+23%
United States+33%
Typical household income
GlenwoodNo clear change
Mills County+26%
Iowa+24%
United States+29%
Change since 2015–2019: Glenwood and its comparisons
Measure
Glenwood
Mills County
Iowa
United States
Typical home value
+39%
+41%
+41%
+53%
Typical rent
+33%
+16%
+23%
+33%
Typical household income
No clear change
+26%
+24%
+29%
From 2015–2019 to 2020–2024, home values in Glenwood rose at about the same pace as in Mills County: 39% against 41%.
Since 2015–2019, the typical rent in Glenwood rose 33%, more than in Mills County (16%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Glenwood and its comparisons
Measure
Glenwood
Mills County
Iowa
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.6%
3.4%
People per household
2.33
2.63
2.36
2.53
Drive alone
69%
73%
76%
69%
Carpool
18%
12%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
3%
3%
Work from home
9%
10%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
Fewer people live in each home here: 2.33 on average, against 2.63 in Mills County.
More people carpool to work in Glenwood than in Mills County: 18% against 12%.
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 $206,200, 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 $71,790 a year. For that payment to be 28% of income, a household would need to earn about $79,113 a year.
The calculator's FHA and conventional loan limits are those of all of Mills 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 $7,217 (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
$1,846
at 7.18% · 30 years
Loan amount
$202,465
Total interest
$291,300
Paid off in
November 2056
Includes $3,482 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,675 a month
Tight
$1,675 to $2,154 a month
Your payment · 31%
Hard
more than $2,154 a month
Compared with the typical household income in Glenwood ($71,790 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,372
Property tax
$297
Home insurance
$86
FHA mortgage insurance (MIP)
$91
You need at least $7,217 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 $1,846; principal and interest $1,372.
The city and its county
Glenwood and Mills County
Glenwood is in Mills County, Iowa. 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 Mills County, Iowa, with Glenwood marked. Around it, the neighboring counties.
Glenwood
Mills County
Glenwood's own numbers
Typical home value
$206,200
Typical monthly rent
$924
Typical yearly household income
$71,790
Households that own their home
76%
Effective property tax rate
1.73%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Mills County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,450
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
4.5%
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 Mills County.
A typical home in Glenwood is worth $206,200: 13% below the county and about the same as Iowa. With the typical household income in Glenwood ($71,790 a year), a typical home costs 2.9 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.
Glenwood2.9 years
Mills2.6 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Mills County
According to FHFA’s house price index, home prices in Mills County rose 85% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Mills County.
Yearly change in FHFA’s price index in Mills County, 2016 to 2025
2016: +4.0% +4.0% 2016
2017: +3.0% +3.0% 2017
2018: +8.3% +8.3% 2018
2019: +4.8% +4.8% 2019
2020: +3.4% +3.4% 2020
2021: +9.0% +9.0% 2021
2022: +16.5% +16.5% 2022
2023: +5.8% +5.8% 2023
2024: +5.7% +5.7% 2024
2025: +3.5% +3.5% 2025
Change in FHFA’s price index in Mills County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
+3.5%
+3.2%
+2.9%
5 years (2020–2025)
+47%
+41%
+47%
10 years (2015–2025)
+85%
+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 Mills County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Glenwood$206,200
Mills$237,800
Iowa$208,000
United States$332,700
Typical monthly rent
Glenwood$924
Mills$959
Iowa$972
United States$1,413
Typical yearly household income
Glenwood$71,790
Mills$90,753
Iowa$75,059
United States$80,734
See the full table
Glenwood next to Mills County and Iowa
Measure
Glenwood
Mills County
Iowa
U.S.
Typical home value
$206,200 ▼13% below the county
$237,800
$208,000
$332,700
Typical monthly rent
$924 ▼4% below the county
$959
$972
$1,413
Typical yearly household income
$71,790 ▼21% below the county
$90,753
$75,059
$80,734
Households that own their home
76% ▼7 points below the county
84%
72%
65%
Typical yearly property tax
$3,564 ▲2% above the county
$3,494
$2,897
$3,119
Effective property tax rate
1.73% ▲0.26 points above the county
1.47%
1.39%
0.94%
Renters with high rent for their income
37% ▲1 points above the county
35%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Mills 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 $206,200 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$1,846a month
Least cash to close
Down payment
$7,217
Cash to close
$13,403
Rate
7.18%
Mortgage insurance
FHA MIP · $91
Conventional, 5% down$1,808a month
Down payment
$10,310
Cash to close
$16,496
Rate
7.18%
Mortgage insurance
PMI · $98
Conventional, 20% down, no PMI$1,501a month
Down payment
$41,240
Cash to close
$47,426
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,691a month
Down payment
$30,930
Cash to close
$37,116
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
$1,846
$7,217
$202,465
7.18%
FHA MIP · $91
$13,403
580
Conventional, 5% down
$1,808
$10,310
$195,890
7.18%
PMI · $98
$16,496
620*
Conventional, 20% down, no PMI
$1,501
$41,240
$164,960
7.18%
None
$47,426
620*
ITIN, 15% down (example)
$1,691
$30,930
$175,270
8.18%
None
$37,116
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 $924 a month: 4% below the county. In Glenwood, 37% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Mills County, by unit size. To pay the 2-bedroom one ($1,450 a month) without spending more than 30% of your income, you would need to earn $27.88 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 Mills County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,167
$22.44
$46,680
1 bedroom
$1,219
$23.44
$48,760
2 bedrooms
$1,450
$27.88
$58,000
3 bedrooms
$1,924
$37.00
$76,960
4 bedrooms
$2,179
$41.90
$87,160
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 51534.
For 2 bedrooms it is $1,090: $360 less than the fair market rent for Mills County ($1,450).
Fair market rent by ZIP code and size in Glenwood, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
51534
$880
$920
$1,090
$1,450
$1,640
ZIP code2 bd3 bd
51534 $1,090$1,450
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.
We found no HUD-approved agencies with an office in Mills County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Glenwood or Mills County. The ones below are statewide in Iowa: they work in Glenwood the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
No legal help resource on our list is for Glenwood or Mills 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 Mills 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 $206,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Mills County it is $237,800.
How much does it cost to rent in Glenwood?
Typical rent in Glenwood is $924 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Mills County is $1,450.
What is the FHA loan limit in Glenwood?
Glenwood uses the FHA limit for all of Mills 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 $3,564 a year, according to the U.S. Census Bureau. That is 1.73% of the home’s value; in Mills County, the rate is 1.47%.
Where can I find free help to buy or rent in Glenwood?
We found no HUD-approved counseling agencies with an office in Mills County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
