Glendale, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glendale, CA Real Estate Data


Glendale Housing Market Information

With 201,020 people, 71,132 houses or apartments, and a median cost of homes of $690,202, 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 51.48% of the city's housing units. Other types of housing that are prevalent in Glendale include single-family detached homes ( 35.98%), duplexes, homes converted to apartments or other small apartment buildings ( 8.74%), and a few row houses and other attached homes ( 3.68%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 39.20% of the city's housing hails from this era. Other housing ages represented in Glendale include homes built between 1970-1999 ( 35.80%) and housing constructed before 1939 ( 21.01%). There's also some housing in Glendale built between 2000 and later ( 3.98%).

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 4.64%, which ranks in the top 50% nationwide. This equates to an annual average Glendale house appreciation rate of 0.45%.

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 6.25%, which is higher than appreciation rates in 77.38% 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 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to California, our data show that Glendale's latest annual appreciation rate is lower 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:
$690,202

Glendale, CA HOME PRICES

Value Range
> $1,335,000 5.3
$1,002,001 - $1,335,000 12.3
$668,001 - $1,002,000 30.0
$534,001 - $668,000 16.7
$401,001 - $534,000 19.9
$267,001 - $401,000 11.2
$134,001 - $267,000 2.2
$67,001 - $134,000 0.4
$0 - $67,000 2.0

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.88106810329683 24.7027741083223

Number Of Homes And Apartments:
71,132

Rent & Ownership

 

Average Market Rent:
$1,851 / per month

Homeownership Rate

Homeownership
Owners 35.94
Renters 64.06
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Glendale HOMES
2000 or Newer 4.0
1970 - 1999 35.8
1940 - 1969 39.2
1939 or Older 21.0

Types of Homes

TYPE OF Glendale HOMES
Single-Family 36.0
Townhomes 3.7
Small Apt. Buildings 8.7
Apt. Complexes 51.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Glendale HOMES
No Bedroom 4.49
1 Bedroom 25.47
2 Bedrooms 39.75
3 Bedrooms 22.63
4 Bedrooms 6.47
5 or more bedrooms 1.20

Glendale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
134.09% 5.13% 10 10
* 10 is highest