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Glenwood city, IA

ZIP 51534 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51534

Median Home Value
$241,500
Median Rent
$756
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,551/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 51534 in Glenwood city, IA, a household would need roughly $66,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,551. That sits below the local median household income ($89,023), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
83.2%+27% vs US avg
x
Vacancy Rate
8.2%-21% vs US avg
x
Broadband Access
90.5%+4% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
21.1%-58% vs US avg
x
Mortgage-Free
34.1%-11% vs US avg
x
$241,500
Home Value
$756
Rent
1976
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.9%
  • 1-unit attached2.8%
  • 2-9 units13.3%
  • 10+ units2.2%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$241,500
Median rent$756
Owner-occupied83.2%
Vacant8.2%
Price-to-income2.7x
Est. income to buy$66,000