The typical owner-occupied home in Glenwood is worth about $132,500, 30% below the Arkansas median of $188,000 and 60% below the national median of $332,700. Owners pay a median $800 a year in property taxes, about 0.60% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $33,500 a year, so the median home costs 4.0 times the median income (3.1 times for Arkansas). 56% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Glenwood at a glance
| Glenwood | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $132,500 | $188,000 | $332,700 |
| Median property tax paid per year | $800 | $1,040 | $3,119 |
| Property tax as a share of value | 0.60% | 0.55% | 0.94% |
| Median household income | $33,500 | $60,773 | $80,734 |
| Homes lived in by their owners | 56% | 66% | 65% |
| Owner homes with a mortgage | 44% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $966 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 18.5% | 21.0% |
| Median rent | $664 | $947 | $1,413 |
| Rent as a share of renters' income | 51.0% | 27.6% | 30.6% |
| Median year homes were built | 1985 | 1987 | 1980 |
| Vacant homes | 12.0% | 13.5% | 10.1% |
| Population | 1,841 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Glenwood
At this week's average 30-year rate of 7.11%, buying the median Glenwood home of $132,500 with 20% down costs about $835 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,055, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $35,766 for the 20%-down payment. That payment is 30% of the median Glenwood household income of $33,500; at that income and 20% down, the 28% guideline points to a home of about $124,000.
The median rent here is $664 a month, so owning the median home costs about $171 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,500 |
|---|---|
| Loan amount | $106,000 |
| Principal and interest | $713 |
| Property taxes (0.60% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $835 |
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| Down payment | $4,638 |
|---|---|
| Loan amount | $130,100 |
| Principal and interest | $875 |
| Property taxes (0.60% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $59 |
| Total per month | $1,055 |
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Questions about home buying in Glenwood
What is the median home value in Glenwood?
About $132,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Glenwood?
Homeowners pay a median $800 a year, which is about 0.60% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Glenwood?
For the median home with 20% down at 7.11%, the payment is about $835 a month. Keeping that under 28% of gross income takes about $35,766 a year.
More about Glenwood
- Mortgage Refinance in Glenwood
- Debt Relief in Glenwood
- Home Equity Loans in Glenwood
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data