Glendale, AZ—85304
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 $400,000, 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 -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $400,000 | -4.7% |
| Single Family | $401,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | -5.3% |
3 Bed | $386,000 | -4.2% |
4 Bed | $444,000 | -4.1% |
| 5 Bed | $595,000 | -2.1% |
% of Housing Stock
Rental Trends — Glendale, AZ
As of July '25, Rentcast reports the average rent in Glendale, AZ is $2,090, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Glendale, AZ is 1-bedrooms: $1,090, 2-bedrooms: $1,640, 3-bedrooms: $2,270, 4-bedrooms: $2,160. The most common rental property sizes in Glendale, AZ are 2-bedroom and 3-bedroom, accounting for 27.9% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $996 | $1,090 |
| 2 Bed Rent | $1,320 | $1,640 |
| 3 Bed Rent | $1,980 | $2,270 |
| 4 Bed Rent | $2,040 | $2,160 |
% 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 53. This is a increase of 25.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -3.0% |
Listing Count | 74 | 2.0% |
| Listings as % of Homes | 0.7% | 2.0% |
Days on Market | 53 | 25.0% |
Demographics — Glendale, AZ
As of the latest ACS Survey released in 2023, Glendale, AZ has a population of 29,700, which has increased by 7.2% over the past 5 years. Glendale, AZ is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,700 | 7.2% |
% Under 18 | 21.8% | -0.5% |
% Seniors | 18.3% | 17.3% |
% WFH | 14.1% | 176.5% |
% w/ College Degree | 24.3% | 0.8% |
As of the latest ACS Survey released in 2023, Glendale, AZ is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Glendale, AZ is hispanic, making up 29.7% of the population. Foreign-born residents account for 7.0% of the population in Glendale, AZ, and this percentage has decreased by 39.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.9% | -3.9% |
% Black | 2.6% | -46.9% |
% Hispanic | 29.7% | 40.1% |
% Asian | 2.1% | -68.2% |
% Foreign Born | 7.0% | -39.7% |
Mortgage and Risk — Glendale, AZ
According to HUD data as of 2023, there were 124 mortgage originations in Glendale, AZ, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Glendale, AZ. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 124 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Glendale, AZ
As of 2024, the percent of homes in Glendale, AZ under the Section 8 program is 8.0%. 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 | 169 |
Total Units Section 8 | 163 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $574 | $996 | $1,570 |
| 2 Bedroom | $500 | $1,320 | $1,820 |
| 3 Bedroom | $470 | $1,980 | $2,450 |
| 4 Bedroom | $700 | $2,040 | $2,740 |
Affordability — Glendale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $400,000 |
| Median Household Income | $83,000 |