Español

Este sitio también está en español. Leer en español

City · 5,695 residents · McLeod County, Minnesota

Glencoe , Minnesota

In Glencoe, a typical home is worth $227,900 and typical rent is $1,101 a month. Compared with all of McLeod County, typical rent is 17% higher, typical household income is 11% lower, and the share of households that own their home is 7 points lower.

WhatsApp

  • Typical home value

    $227,900

    7% below the county

    31% below Minnesota

    • Glencoe
    • McLeod
    • Minnesota

  • Typical rent

    $1,101a month

    17% above the county

    14% below Minnesota

    • Glencoe
    • McLeod
    • Minnesota

  • Typical household income

    $71,356a year

    11% below the county

    20% below Minnesota

    • Glencoe
    • McLeod
    • Minnesota

  • Households that own their home

    70%

    7 points below the county

    2 points below Minnesota

    • Glencoe
    • McLeod
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$257,942
2.2% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Glencoe is in McLeod 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 McLeod County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Glencoe apart

What this place has that others do not, from public data, most unusual first.

  1. The typical rent in Glencoe is $1,101 a month, 17% more than in McLeod County as a whole ($941).

  2. 70% of households in Glencoe own their home, against 77% in McLeod County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Glencoe

What homes there are in Glencoe, 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

In Glencoe, 7 in 10 homes are single-family detached houses, about the same as in McLeod County.

Year built

In Glencoe, half of the homes were built before 1979; in McLeod County, before 1979.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,619 a month

McLeod County: $1,650 a month

Without a mortgage

$630 a month

McLeod County: $662 a month

Owners with a mortgage

65%

McLeod County: 59%

Owning costs about the same in Glencoe as in McLeod County: with a mortgage, $1,619 a month; without one, $630.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Glencoe rose 55%; in McLeod County, it rose 49%.

Rents in Glencoe rose faster than in McLeod County: 60% since 2015–2019, against 21%.

Housing prices ran ahead of income in Glencoe: typical income rose 36%, against +55% for home values and +60% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGlencoeMcLeod CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.3%3.4%
People per household 2.262.372.432.53
Drive alone 85%79%69%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimate4%3%3%
Work from home Unreliable estimate9%18%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

By size, households in Glencoe look like those in McLeod County: 2.26 people on average.

In Glencoe, 85% of workers drive alone to work; in McLeod County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Glencoe?

A typical home is tight for the typical income

We start with a typical home in Glencoe, worth $227,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Glencoe, which is $71,356 a year. For that payment to be 28% of income, a household would need to earn about $82,473 a year.

The calculator's FHA and conventional loan limits are those of all of McLeod County.

Your numbers

Local data
$

Starts at the typical home value in Glencoe. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,977 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,924

at 7.18% · 30 years

Loan amount
$223,772
Total interest
$321,955
Paid off in
November 2056

Includes $3,849 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,665 a month

  • Tight

    $1,665 to $2,141 a month

    Your payment · 32%

  • Hard

    more than $2,141 a month

Compared with the typical household income in Glencoe ($71,356 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,924
Principal & interest$1,516
Property tax$213
Home insurance$95
FHA mortgage insurance (MIP)$101

You need at least $7,977 for the down payment, plus closing costs.

Next step

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.

The city and its county

Glencoe and McLeod County

Glencoe is in McLeod County, Minnesota. 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).

Glencoe's own numbers

Typical home value
$227,900
Typical monthly rent
$1,101
Typical yearly household income
$71,356
Households that own their home
70%
Effective property tax rate
1.12%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of McLeod County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,073
Price change over 5 years (FHFA)
+43%
Homes in a high flood-risk zone
0.7%

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 McLeod County.

Everything about McLeod County

Buying

Buying a home in Glencoe

A typical home in Glencoe is worth $227,900: 7% below the county and 31% below Minnesota. With the typical household income in Glencoe ($71,356 a year), a typical home costs 3.2 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.

  • Glencoe 3.2 years
  • McLeod 3.1 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in McLeod County

According to FHFA’s house price index, home prices in McLeod County rose 84% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of McLeod County.

Period County Minnesota U.S.
Last year (2025) +0.2% +2.8% +2.9%
5 years (2020–2025) +43% +37% +47%
10 years (2015–2025) +84% +71% +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

Glencoe next to McLeod County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Glencoe $227,900
  • McLeod $246,100
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Glencoe $1,101
  • McLeod $941
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Glencoe $71,356
  • McLeod $80,084
  • Minnesota $89,062
  • United States $80,734
See the full table
Glencoe next to McLeod County and Minnesota
Measure Glencoe McLeod County Minnesota U.S.
Typical home value $227,900 $246,100 $329,300 $332,700
Typical monthly rent $1,101 $941 $1,280 $1,413
Typical yearly household income $71,356 $80,084 $89,062 $80,734
Households that own their home 70% 77% 72% 65%
Typical yearly property tax $2,551 $2,840 $3,357 $3,119
Effective property tax rate 1.12% 1.15% 1.02% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below McLeod 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 Glencoe

For a typical $227,900 home in Glencoe, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Glencoe's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,924a month

    Least cash to close
    Down payment
    $7,977
    Cash to close
    $14,814
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $101

  • Conventional, 5% down $1,883a month

    Down payment
    $11,395
    Cash to close
    $18,232
    Rate
    7.18%
    Mortgage insurance
    PMI · $108

  • Conventional, 20% down, no PMI $1,543a month

    Down payment
    $45,580
    Cash to close
    $52,417
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,753a month

    Down payment
    $34,185
    Cash to close
    $41,022
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Glencoe and for McLeod County.

Property tax

Effective rate in Glencoe

1.12%of the home’s value each year

$2,551 a year for the typical owner in Glencoe.

  • Glencoe 1.12%
  • McLeod 1.15%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in McLeod County

FEMA does not publish these numbers by city: they are for all of McLeod County.

Homes in the high-risk zone
0.7%
108
Of those, with NFIP insurance
18%
County Minnesota U.S.
Homes in the high-risk zone 0.7% 0.7% 3.5%
Of those, with NFIP insurance 18% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Glencoe

Typical rent in Glencoe is $1,101 a month: 17% above the county.

HUD publishes a fair market rent for all of McLeod County, by unit size. To pay the 2-bedroom one ($1,073 a month) without spending more than 30% of your income, you would need to earn $20.63 an hour working full time.

HUD fair market rent for all of McLeod County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $882 $16.96 $35,280
1 bedroom $951 $18.29 $38,040
2 bedrooms $1,073 $20.63 $42,920
3 bedrooms $1,278 $24.58 $51,120
4 bedrooms $1,593 $30.63 $63,720

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 Glencoe

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Glencoe is in ZIP code 55336.

For 2 bedrooms it is $1,140: $67 more than the fair market rent for McLeod County ($1,073).

  • 55336 $1,140$1,370

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Glencoe 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Glencoe

HUD lists 3 buildings with rents for lower incomes in Glencoe. These are the largest.

  • MILLIE BENEKE MANOR / Glencoe Eld Hsing 1319 Greeley Ave N, Glencoe 55336 41 low-income homes · For older adults (320) 864-5282
  • Northwood Apts 1411 16th St E, Glencoe 55336 39 low-income homes · For families (320) 864-4877
  • Kestrel Park Townhomes Multiple Building Addresses, Glencoe 55336 30 homes, 29 low-income · 2 bd: 8 · 3 bd: 22 · In service since 1999

See all 9 buildings in McLeod County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Glencoe

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 McLeod County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Glencoe

No down payment, repair or rent-help program on our list is for Glencoe or McLeod County. The ones below are statewide in Minnesota: they work in Glencoe the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Glencoe

The HUD-approved agencies closest to the center of Glencoe, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Scott County Community Development Agency

    100 5th Ave E, Shakopee · 31 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (952) 402-9022

  • Lutheran Social Service of Minnesota

    710 South 2nd Street, Mankato · 43 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (218) 529-2227

  • Community Action Partnership of Hennepin County

    7101 Northland Cir N, Brooklyn Park · 43 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (952) 697-1303

All counseling agencies in Minnesota

Help in Spanish near Glencoe

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Glencoe

In HUD’s record, no housing authority with an office in McLeod County is named for Glencoe or McLeod County.

One other authority has an office in McLeod County: see the list Source: HUD

Cities

Other cities in McLeod County

These cities are also in McLeod County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about McLeod County Housing in Minnesota

Nearby cities

The cities closest to Glencoe, with the typical home value.

Neighboring counties

If McLeod County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Glencoe.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Glencoe

Short answers with the numbers for Glencoe and all of McLeod 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 Glencoe?

The typical home value in Glencoe is $227,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in McLeod County it is $246,100.

How much does it cost to rent in Glencoe?

Typical rent in Glencoe is $1,101 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in McLeod County is $1,073.

What is the FHA loan limit in Glencoe?

Glencoe uses the FHA limit for all of McLeod 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 Glencoe?

The typical homeowner in Glencoe pays $2,551 a year, according to the U.S. Census Bureau. That is 1.12% of the home’s value; in McLeod County, the rate is 1.15%.

Where can I find free help to buy or rent in Glencoe?

We found no HUD-approved counseling agencies with an office in McLeod County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).