Glendale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Glendale Housing Market Information

With 203,054 people, 72,738 houses or apartments, and a median cost of homes of $722,222, 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 52.72% of the city's housing units. Other types of housing that are prevalent in Glendale include single-family detached homes ( 33.79%), duplexes, homes converted to apartments or other small apartment buildings ( 10.04%), and a few row houses and other attached homes ( 3.29%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Glendale is dominated by renter-occupied one, two, or no bedrooms apartments. 66.46% of Glendale's dwellings are rentals.

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 41.67% of the city's housing hails from this era. Other housing ages represented in Glendale include homes built between 1970-1999 ( 33.36%) and housing constructed before 1939 ( 20.11%). There's also some housing in Glendale built between 2000 and later ( 4.87%).

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 58.39% over the last ten years, which is an average annual home appreciation rate of 4.71%, 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 9.19%, which is higher than appreciation rates in 87.59% 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 2.00%, which equates to an annual appreciation rate of 8.24%.

Relative to California, our data show that Glendale's latest annual appreciation rate is higher than 50% 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:
$722,222

Glendale, CA HOME PRICES

Value Range
> $1,299,000 9.6
$974,001 - $1,299,000 15.5
$649,001 - $974,000 33.6
$519,001 - $649,000 16.6
$389,001 - $519,000 14.5
$260,001 - $389,000 6.4
$129,001 - $260,000 0.9
$65,001 - $129,000 0.4
$0 - $65,000 2.5

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.17664233576642 27.129750982962

Number Of Homes And Apartments:
72,738

Glendale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
180.20% 5.50%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,125 / per month

Homeownership Rate

Homeownership
Owners 33.54
Renters 66.46
Vacant 5.05

Housing Market Details

 

Age of Homes

AGE OF Glendale HOMES
2000 or Newer 4.9
1970 - 1999 33.4
1940 - 1969 41.7
1939 or Older 20.1

Types of Homes

TYPE OF Glendale HOMES
Single-Family 33.8
Townhomes 3.3
Small Apt. Buildings 10.0
Apt. Complexes 52.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Glendale HOMES
No Bedroom 5.59
1 Bedroom 25.46
2 Bedrooms 39.44
3 Bedrooms 22.21
4 Bedrooms 5.74
5 or more bedrooms 1.56