Quick facts: Glenwood, AR

Quick Facts

92.7
Cost of Living
below US average
2,064
Population
12.6
Crime Rate per 1000
below US average
$33,958
Median Income
below US average
$199,000
Median House Price
above US average
$2000.0
Average Rent
above US average
15%
Poverty Rate
above US average
5.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $33,958.

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Income Needed to Buy

βœ— Stretch
$62k/year
Based on $199,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $62k vs median $33,958
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $2000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $33,958
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Glenwood, AR

Glenwood is a charming city located in the Ouachita Mountains of Arkansas, known for its picturesque natural scenery and small-town atmosphere. It serves as the county seat of Montgomery County and is surrounded by lush forests, rivers, and lakes, making it a fantastic destination for outdoor enthusiasts. The city has a rich history, with roots dating back to the late 19th century, when it was established as a hub for the timber and mining industries. Today, Glenwood offers a blend of historical charm and modern amenities, with local shops, restaurants, and cultural activities that reflect its heritage. For nature lovers, Glenwood is close to several state parks, including the Ouachita National Forest, which provides ample opportunities for hiking, fishing, and camping. The nearby Lake Greeson is popular for boating and fishing, adding to the region's recreational appeal. With a close-knit community and a range of events throughout the year, Glenwood provides a welcoming atmosphere for visitors and residents alike. Whether seeking adventure or relaxation, Glenwood, AR, has something for everyone.

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