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Glenwood city, MN

ZIP 56334 — 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 56334

Median Home Value
$258,400
Median Rent
$731
Affordability Snapshot
$71,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,660/mo PITI).

13%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.5 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 56334 in Glenwood city, 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.

Housing Tenure

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
80.9%+24% vs US avg
x
Vacancy Rate
24.0%+133% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
6.8%-54% vs US avg
x
Built Pre-1939
4.7%-63% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
31.9%-36% vs US avg
x
Mortgage-Free
42.0%+10% vs US avg
x
$258,400
Home Value
$731
Rent
1973
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 detached81.5%
  • 1-unit attached4.0%
  • 2-9 units3.8%
  • 10+ units8.5%
  • Mobile home & other2.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$258,400
Median rent$731
Owner-occupied80.9%
Vacant24.0%
Price-to-income3.8x
Est. income to buy$71,000