Glendale, AZ—85302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Glendale, AZ
As of Oct '25, the median home price in Glendale, AZ is $375,000, with a year-over-year change of -4.7%. This indicates that home prices in Glendale, AZ are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $375,000 | -4.7% |
| Single Family | $379,000 | -4.8% |
| Condos | $229,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | -5.6% |
3 Bed | $370,000 | -4.4% |
4 Bed | $422,000 | -5.0% |
| 5 Bed | $467,000 | -4.5% |
% of Housing Stock
Rental Trends — Glendale, AZ
As of July '25, Rentcast reports the average rent in Glendale, AZ is $1,810, with a year-over-year rent change of 17.5%. Per bedroom, the median rent as of July '25 in Glendale, AZ is studios: $932, 1-bedrooms: $1,070, 2-bedrooms: $1,410, 3-bedrooms: $1,950, 4-bedrooms: $2,300. The most common rental property sizes in Glendale, AZ are 1-bedroom and 2-bedroom, accounting for 34.4% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,810 |
| Studio Rent | $885 | $932 |
| 1 Bed Rent | $999 | $1,070 |
| 2 Bed Rent | $1,400 | $1,410 |
| 3 Bed Rent | $1,910 | $1,950 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Glendale, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Glendale, AZ is 58. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $414,000 | -1.0% |
Listing Count | 98 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 58 | 48.0% |
Demographics — Glendale, AZ
As of the latest ACS Survey released in 2023, Glendale, AZ has a population of 40,300, which has remained stable by -0.3% over the past 5 years. Glendale, AZ is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,300 | -0.3% |
% Under 18 | 22.3% | -7.5% |
% Seniors | 15.4% | 18.5% |
% WFH | 13.5% | 170.0% |
% w/ College Degree | 19.7% | 4.8% |
As of the latest ACS Survey released in 2023, Glendale, AZ is a predominantly white area, with 45.1% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Glendale, AZ is hispanic, making up 34.6% of the population. Foreign-born residents account for 15.0% of the population in Glendale, AZ, and this percentage has increased by 2.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.1% | -10.9% |
% Black | 9.1% | 37.9% |
% Hispanic | 34.6% | -2.5% |
% Asian | 5.4% | 58.8% |
% Foreign Born | 15.0% | 2.0% |
Mortgage and Risk — Glendale, AZ
According to HUD data as of 2023, there were 638 mortgage originations in Glendale, AZ, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Glendale, AZ. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 638 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Glendale, AZ
As of 2024, the percent of homes in Glendale, AZ under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Glendale, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 377 |
Total Units Section 8 | 365 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 85.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $441 | $999 | $1,440 |
| 2 Bedroom | $290 | $1,400 | $1,690 |
| 3 Bedroom | $380 | $1,910 | $2,290 |
| 4 Bedroom | $310 | $2,300 | $2,610 |
Affordability — Glendale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $375,000 |
| Median Household Income | $62,500 |