Glendale, CA Real Estate Market
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 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (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 189,221 people, 73,104 houses or apartments, and a median cost of homes of $1,054,494, 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 53.23% of the city's housing units. Other types of housing that are prevalent in Glendale include single-family detached homes ( 32.60%), duplexes, homes converted to apartments or other small apartment buildings ( 10.28%), and a few row houses and other attached homes ( 3.78%). 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.
Glendale is dominated by renter-occupied one, two, or no bedrooms apartments. 66.17% 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 38.02% of the city's housing hails from this era. Other housing ages represented in Glendale include homes built between 1970-1999 ( 33.14%) and housing constructed before 1939 ( 20.45%). There's also some housing in Glendale built between 2000 and later ( 8.39%).
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 91.26%, which ranks in the top 50% nationwide. This equates to an annual average Glendale house appreciation rate of 6.70%.
NeighborhoodScout's data show that during the latest twelve months, Glendale's appreciation rate, at 6.59%, has been at or slightly above the national average. In the latest quarter, Glendale's appreciation rate has been 2.09%, which annualizes to a rate of 8.62%.
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.
Median Home Value
$1,054,494
High
for California
Very High
for nation
Number of Homes And Apartments:
73,104
CA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,534 / per month