Median home value is about $258,400 — about 26% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $731 (about 37% below the U.S. median rent ($1,163)), and owner-occupancy near 80.9% (about 15.5 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 56334 in Glenwood, MN, a household would need roughly $71,000 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 $1,660. That is roughly in line with the local median household income ($67,264). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.