Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 240,126, 79,152 total housing units (homes and apartments), and a median house value of $191,403, Glendale real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Glendale, accounting for 60.78% of the city's housing units. Other types of housing that are prevalent in Glendale include large apartment complexes or high rise apartments ( 24.16%), mobile homes or trailers ( 5.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.32%).
The most prevalent building size and type in Glendale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.61% owning and 45.39% renting.
There is a lot of housing in Glendale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Glendale built between 2000 and later ( 13.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.92%).
Vacant housing appears to be an issue in Glendale. Fully 12.10% of the housing stock is classified as vacant. Left unchecked, vacant Glendale homes and apartments can be a drag on the real estate market, holding Glendale real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Glendale over the last then years, as home values have seen a decline of 22.69% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Glendale home appreciation rates at 2.04%, which equates to an annual appreciation rate of 8.40%.
Appreciation rates are so strong in Glendale that despite a nationwide downturn in the housing market, Glendale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glendale appreciation rates continue to be some of the highest in America, at 10.38%, which is higher than appreciation rates in 94.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glendale. Glendale appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.
Importantly, this makes Glendale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Arizona, our data show that Glendale's latest annual appreciation rate is higher than 80% of the other cities and towns in Arizona.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Glendale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glendale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Glendale real estate investment or home purchase decisions.
|$1,083,001 - $1,444,000||0.2|
|$722,001 - $1,083,000||1.0|
|$578,001 - $722,000||2.1|
|$433,001 - $578,000||6.2|
|$289,001 - $433,000||15.6|
|$144,001 - $289,000||40.8|
|$72,001 - $144,000||21.2|
|$0 - $72,000||12.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Glendale HOMES|
|2000 or Newer||13.3|
|1970 - 1999||75.1|
|1940 - 1969||10.9|
|1939 or Older||0.7|
|TYPE OF Glendale HOMES|
|Small Apt. Buildings||5.3|
|SIZE OF Glendale HOMES|
|5 or more bedrooms||3.97|