Glendale, AZ Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Glendale, AZ Housing Market Trends

With 252,381 people, 82,810 houses or apartments, and a median cost of homes of $258,751, 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 60.06% of the city's housing units. Other types of housing that are prevalent in Glendale include large apartment complexes or high rise apartments ( 24.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.20%), and a few mobile homes or trailers ( 5.83%).

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 54.56% owning and 45.44% 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 ( 15.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.37%).

Glendale Home Appreciation Rates

In the last 10 years, Glendale has experienced some of the highest home appreciation rates of any community in the nation. Glendale real estate appreciated 153.00% over the last ten years, which is an average annual home appreciation rate of 9.73%, putting Glendale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glendale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 9.23%, which is higher than appreciation rates in 98.03% 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 2.50%, which equates to an annual appreciation rate of 10.37%.

Relative to Arizona, our data show that Glendale's latest annual appreciation rate is higher than 90% 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.

Average Home Values

 

Median Home Value:
$258,751

Glendale, AZ HOME PRICES

> $1,317,000
0.4%
0.4%
$988,001 - $1,317,000
0.2%
0.2%
$659,001 - $988,000
2.3%
2.3%
$527,001 - $659,000
4.7%
4.7%
$395,001 - $527,000
11.3%
11.3%
$263,001 - $395,000
29.9%
29.9%
$132,001 - $263,000
34.3%
34.3%
$66,001 - $132,000
8.3%
8.3%
$0 - $66,000
8.6%
8.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for AZ

Value Relative To Nation

Number Of Homes And Apartments:
82,810

Glendale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
126.19% 3.96%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,468 / per month

Homeownership Rate

Owners
54.6%
54.6%
Renters
45.4%
45.4%
Vacant
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.2%
15.2%
1970 - 1999
72.6%
72.6%
1940 - 1969
11.4%
11.4%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.1%
60.1%
Townhomes
3.8%
3.8%
Small Apt. Buildings
6.2%
6.2%
Apt. Complexes
24.0%
24.0%
Mobile Homes
5.8%
5.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
13.5%
13.5%
2 Bedrooms
21.8%
21.8%
3 Bedrooms
35.9%
35.9%
4 Bedrooms
21.9%
21.9%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES