Glendale, CA 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 Q2 2021. 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, CA Housing Market Trends

With 199,303 people, 74,698 houses or apartments, and a median cost of homes of $801,825, 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 52.62% of the city's housing units. Other types of housing that are prevalent in Glendale include single-family detached homes ( 32.64%), duplexes, homes converted to apartments or other small apartment buildings ( 11.73%), and a few row houses and other attached homes ( 2.93%). 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. 67.32% 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 41.99% of the city's housing hails from this era. Other housing ages represented in Glendale include homes built between 1970-1999 ( 30.92%) and housing constructed before 1939 ( 21.31%). There's also some housing in Glendale built between 2000 and later ( 5.78%).

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 87.20% over the last ten years, which is an average annual home appreciation rate of 6.47%, putting Glendale in the top 20% 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.

Over the last year, Glendale appreciation rates have trailed the rest of the nation. In the last twelve months, Glendale's appreciation rate has been 6.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glendale were at 3.13%, which equates to an annual appreciation rate of 13.12%.

Relative to California, our data show that Glendale's latest annual appreciation rate is lower than 70% 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:
$801,825

Glendale, CA HOME PRICES

> $1,209,000
13.6%
13.6%
$907,001 - $1,209,000
22.6%
22.6%
$605,001 - $907,000
33.4%
33.4%
$484,001 - $605,000
14.8%
14.8%
$363,001 - $484,000
9.5%
9.5%
$242,001 - $363,000
3.8%
3.8%
$121,001 - $242,000
0.5%
0.5%
$61,001 - $121,000
0.5%
0.5%
$0 - $61,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
74,698

Glendale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
210.20% 5.41%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,731 / per month

Homeownership Rate

Owners
32.7%
32.7%
Renters
67.3%
67.3%
Vacant
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.8%
5.8%
1970 - 1999
30.9%
30.9%
1940 - 1969
42.0%
42.0%
1939 or Older
21.3%
21.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
32.6%
32.6%
Townhomes
2.9%
2.9%
Small Apt. Buildings
11.7%
11.7%
Apt. Complexes
52.6%
52.6%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.3%
6.3%
1 Bedroom
25.7%
25.7%
2 Bedrooms
38.9%
38.9%
3 Bedrooms
21.6%
21.6%
4 Bedrooms
5.9%
5.9%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES