Market Overview
Home Prices in Glenwood, MN
The median home value in Glenwood, MN is $237,518 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.1% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Glenwood are priced42% below average.
Over the past five years, Glenwood home values have risen by approximately18.7%, reflecting steady appreciation in this market.
Price History
Glenwood Home Price Trend
2020
$171,077
$171K
—
2021
$200,060
$200K
+16.9%
2022
$226,210
$226K
+13.1%
2023
$225,758
$226K
-0.2%
2024
$229,379
$229K
+1.6%
2025
$237,637
$238K
+3.6%
2026
$237,518
$238K
-0.1%
City Comparison
Glenwood vs. National Median
🏠 Glenwood
$237,518
National Median
$410,000
At $237,518, homes in Glenwood cost 42% below the national median of $410,000. This makes Glenwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Glenwood?
20% Down Payment
$47,504
on $237,518
Monthly P&I
$1,239/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,574/mo
incl. taxes & insurance
Income Needed
$62,960
gross annual (30% rule)
10% Down Option
$23,752
+ PMI applies
Loan Amount (20% dn)
$190,014
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Glenwood, MN?
The median home value in Glenwood is $237,518 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.1% year-over-year.
How much have home prices changed in Glenwood?
Over the past year, home values in Glenwood have decreased by 0.1%. Over five years, prices have risen approximately 18.7%.
How much do I need to earn to buy a home in Glenwood?
To comfortably afford the median home price of $237,518 with a 20% down payment ($47,504) at today's rates (6.8%), you'd need a gross annual income of approximately $62,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Glenwood compare to the national average home price?
The national median home value is approximately $410,000. At $237,518, homes in Glenwood are 42% below the national average.