Glendale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Glendale Neighborhoods Since 2000




Glendale, CA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Glendale Housing Market Information

With a population of 201,020, 71,498 total housing units (homes and apartments), and a median house value of $681,101, real estate costs in Glendale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Large apartment complexes or high rise apartments are the single most common housing type in Glendale, accounting for 51.95% of the city's housing units. Other types of housing that are prevalent in Glendale include single-family detached homes ( 35.04%), duplexes, homes converted to apartments or other small apartment buildings ( 9.26%), and a few row houses and other attached homes ( 3.61%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Glendale primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Glendale has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glendale's housing was primarily built during this period, from the '40s through the '60s. A full 39.31% of the city's housing hails from this era. Other housing ages represented in Glendale include homes built between 1970-1999 ( 35.49%) and housing constructed before 1939 ( 20.85%). There's also some housing in Glendale built between 2000 and later ( 4.35%).

Glendale Home Appreciation Rates

Appreciation rates for homes in Glendale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.96%, which ranks in the top 30% nationwide. This equates to an annual average Glendale house appreciation rate of 1.05%.

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 8.81%, which is higher than appreciation rates in 90.08% 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 1.99%, which equates to an annual appreciation rate of 8.20%.

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 California, our data show that Glendale's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

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:
$681,101

Glendale, CA HOME PRICES

Value Range
> $1,302,000 6.3
$976,001 - $1,302,000 12.6
$651,001 - $976,000 31.1
$521,001 - $651,000 14.8
$390,001 - $521,000 20.4
$260,001 - $390,000 11.1
$130,001 - $260,000 1.2
$65,001 - $130,000 0.5
$0 - $65,000 2.2

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.86534630258994 24.7354497354497

Number Of Homes And Apartments:
71,498

Glendale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
144.50% 5.32% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,842 / per month

Homeownership Rate

Homeownership
Owners 35.01
Renters 64.99
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Glendale HOMES
2000 or Newer 4.4
1970 - 1999 35.5
1940 - 1969 39.3
1939 or Older 20.8

Types of Homes

TYPE OF Glendale HOMES
Single-Family 35.0
Townhomes 3.6
Small Apt. Buildings 9.3
Apt. Complexes 52.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Glendale HOMES
No Bedroom 4.79
1 Bedroom 26.20
2 Bedrooms 39.02
3 Bedrooms 22.40
4 Bedrooms 6.17
5 or more bedrooms 1.43