Cheap Homes in Glenwood, IL

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Glenwood, IL Foreclosures

How much do homes sell for in Glenwood, IL?
The average home price is currently $187,604.
In Glenwood, IL, how many homes are available?
There are currently 3,358 active home listings available in Glenwood.
What’s the average rental cost in Glenwood, IL?
The average rental price in Glenwood is $1,470.
What is the most expensive home in Glenwood, Illinois?
The most expensive home sold in Glenwood had a price of $2,001,000.
What is currently the cheapest priced home in Glenwood, IL?
The cheapest home for sale in Glenwood is priced at $22,943.

Home Value Estimator For Glenwood, IL

There are currently 3,358 real estate properties in Glenwood, IL, with a median automated valuation model (AVM) price of $191,371.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Glenwood, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Glenwood, IL, is $187,604.00, with the most expensive house in Glenwood, IL, topping out at $2,001,000.00 and the cheapest home in Glenwood, IL, clocking in at $22,943.00. In other words, there’s something for every potential homebuyer or savvy investor in Glenwood, IL!

Rent Prices In Glenwood, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Glenwood, IL, is on a rollercoaster ride. The average rent price in Glenwood, IL, is $1,470.00. Indeed, when looking to rent in Glenwood, IL, you can expect to pay as little as $710.00 or as much as $3,080.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Glenwood, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Glenwood, IL In 2024

Glenwood is located in Cook, Illinois, with an estimated municipal population of 8,715 residents. All of the best foreclosed homes for sale in Glenwood are located in the following zip code areas on 60425 60411. The estimated population per square kilometer (.62 miles) in Glenwood is 1,030.

Cost Of Living In Glenwood, IL

So, about how much do homes cost in Glenwood? The most recent median value of resident-owned homes in Glenwood is 126,175. An estimated 76.1 percent of households in Glenwood own their homes, with an average family size of 3.55. The median household income in Glenwood is 67,554, with25.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Glenwood, the median commute time of resident workers (in minutes) is 36.1. And last, but certainly not least, are you looking for homes to rent in Glenwood? If so, the average rent price paid by renters in Glenwood is 1,586, according to recent statistics.

Diversity And Demographics In Glenwood, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Glenwood, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Glenwood is 38.3, split between 44.3 percent male versus 55.7 female. The percentage of residents who report being married in Glenwood is 37.4, with an average family size of 3.55.

The percentage of residents who report their race in Glenwood is as follows:

White 24%
Black / African American 70.2%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.9%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Glenwood? Or maybe you are searching for 55+ active adult communities in and/or near Glenwood?

The percentage of residents who report their age in Glenwood is as follows:

Under 10 12.4%
Aged 10-19 16.5%
20s 12.2%
30s 11.7%
40s 11.4%
50s 14.4%
60s 9.6%
70s 8%
80+ 3.7%

Best Schools In Glenwood, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Glenwood with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Glenwood.

Pros And Cons Of Living In Glenwood, Illinois

How do you know that living in -- or moving to -- Glenwood is right where you need to be? Perhaps you grew up in Glenwood or already live nearby; therefore, the decision to buy a home in Glenwood is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Glenwood for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Glenwood:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Glenwood.

Reasons To Move To Glenwood, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Glenwood can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Glenwood, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Glenwood, IL


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