Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Glendale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,139,138 | $642,203 | $242,182 |
| Price Trend (Annual %) | 25.2% | 10.0% | 8.2% |
| Median Gross Rent | $2,095 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 6.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Glendale is about 77% higher than in California. Rent is about 7% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Glendale, up about 25.2% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Glendale rose about 61.6% between 2015 and 2023, from $1,296 to $2,095. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 13.6 yearly household incomes in Glendale.
Buying the median-priced home in Glendale costs roughly 45.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Glendale. The price-to-rent ratio in California is about 27.4.
| Metric | Glendale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,139,138 | $642,203 | $242,182 |
| Median Household Income | $83,980 | $96,718 | $78,145 |
| Price-to-Income Ratio | 13.6 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Glendale rose about 118.8%, while median household income rose about 53.8% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Glendale | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 32.9% | 51.6% | 58.2% |
| Rental Rate | 60.4% | 40.9% | 31.3% |
| Vacancy Rate | 6.7% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Glendale has a homeownership rate of 32.9%, lower than the California average of 51.6%. Its housing vacancy rate is 6.7%, compared with 7.6% in California.
Housing Stock
| Metric | Glendale | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1964 | 1975 | 1978 |
| Median Number of Rooms | 4.4 | 5.0 | 5.5 |
The typical housing unit in Glendale was built around 1964. On average, 2.6 people live in a home with about 4.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Glendale, California.
What is the median home price in Glendale, California?
The median home price in Glendale, California is $1,139,138, higher than the California average of $642,203.
What is the average home price in Glendale, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Glendale, California?
The median gross rent in Glendale, California is $2,095 per month, higher than the California average of $1,955.
What was the median gross rent in Glendale in 2020?
In 2020, the median gross rent in Glendale, California was $1,711 per month.
What is the price-to-rent ratio in Glendale, California?
The price-to-rent ratio in Glendale, California is about 45.3, meaning it would take roughly 45.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Glendale.
Are home prices or rent rising faster in Glendale, California?
Both home prices and rent are rising in Glendale, up about 25.2% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Glendale, California?
32.9% of households in Glendale, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Glendale, California?
The housing vacancy rate in Glendale, California is 6.7%, lower than the California average of 7.6%.