ZIP Code 47331

Glenwood’s 47331 ZIP code sits squarely in middle-income territory, with a median household income of $58,967 and per-capita income of $30,990. Home values center around $132,400, and the county-level property tax rate of 0.73% keeps annual taxes on such a home near $966. A combined sales tax of 7.00% applies to purchases in the area. Together, these figures describe a working- to middle-class community where housing costs and tax obligations stay proportional to local earnings, without the steeper property tax percentages or price tags seen in wealthier parts of the state.