The typical owner-occupied home in Glenwood is worth about $104,500, 66% below the Georgia median of $303,300 and 69% below the national median of $332,700. Owners pay a median $708 a year in property taxes, about 0.68% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $23,750 a year, so the median home costs 4.4 times the median income (3.9 times for Georgia). 31% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Glenwood at a glance
| Glenwood | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $104,500 | $303,300 | $332,700 |
| Median property tax paid per year | $708 | $2,341 | $3,119 |
| Property tax as a share of value | 0.68% | 0.77% | 0.94% |
| Median household income | $23,750 | $77,353 | $80,734 |
| Homes lived in by their owners | 31% | 66% | 65% |
| Owner homes with a mortgage | 0% | 63% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,783 | $1,963 |
| Median rent | $381 | $1,393 | $1,413 |
| Rent as a share of renters' income | 26.8% | 31.3% | 30.6% |
| Median year homes were built | 1986 | 1992 | 1980 |
| Vacant homes | 46.5% | 10.3% | 10.1% |
| Population | 745 | 10,940,407 | 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 $104,500 with 20% down costs about $665 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $839, 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 $28,506 for the 20%-down payment. That payment is 34% of the median Glenwood household income of $23,750; at that income and 20% down, the 28% guideline points to a home of about $87,000.
The median rent here is $381 a month, so owning the median home costs about $284 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,900 |
|---|---|
| Loan amount | $83,600 |
| Principal and interest | $562 |
| Property taxes (0.68% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $665 |
Change the numbers in the calculator
| Down payment | $3,658 |
|---|---|
| Loan amount | $102,607 |
| Principal and interest | $690 |
| Property taxes (0.68% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $839 |
Change the numbers in the calculator
Questions about home buying in Glenwood
What is the median home value in Glenwood?
About $104,500 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 $708 a year, which is about 0.68% 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 $665 a month. Keeping that under 28% of gross income takes about $28,506 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