Glendale, AZ—85307
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 $404,000, with a year-over-year change of -3.2%. This indicates that home prices in Glendale, AZ are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | -3.2% |
| Single Family | $406,000 | -3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $379,000 | -3.8% |
4 Bed | $435,000 | -3.3% |
| 5 Bed | $497,000 | -2.0% |
% 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 8.3%. Per bedroom, the median rent as of July '25 in Glendale, AZ is studios: $1,000, 1-bedrooms: $1,320, 2-bedrooms: $1,460, 3-bedrooms: $2,120, 4-bedrooms: $2,860. The most common rental property sizes in Glendale, AZ are 3-bedroom and 2-bedroom, accounting for 39.8% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,090 |
| Studio Rent | $950 | $1,000 |
| 1 Bed Rent | $1,350 | $1,320 |
| 2 Bed Rent | $1,500 | $1,460 |
| 3 Bed Rent | $2,020 | $2,120 |
| 4 Bed Rent | $2,400 | $2,860 |
% 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 59. This is a increase of 29.0% 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $445,000 | 3.0% |
Listing Count | 48 | 69.0% |
| Listings as % of Homes | 0.9% | 69.0% |
Days on Market | 59 | 29.0% |
Demographics — Glendale, AZ
As of the latest ACS Survey released in 2023, Glendale, AZ has a population of 13,300, which has increased by 18.5% over the past 5 years. Glendale, AZ is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | 18.5% |
% Under 18 | 24.3% | -22.6% |
% Seniors | 7.1% | 4.4% |
% WFH | 10.1% | 236.7% |
% w/ College Degree | 26.2% | 25.4% |
As of the latest ACS Survey released in 2023, Glendale, AZ is a predominantly white area, with 41.3% of the population identifying as white. The white population has grown by 10.1% in the last 5 years. The second most common race or ethnicity in Glendale, AZ is hispanic, making up 39.1% of the population. Foreign-born residents account for 15.3% 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 | 41.3% | 10.1% |
% Black | 12.1% | 18.6% |
% Hispanic | 39.1% | -4.4% |
% Asian | 2.9% | -45.3% |
% Foreign Born | 15.3% | 2.0% |
Mortgage and Risk — Glendale, AZ
According to HUD data as of 2023, there were 55 mortgage originations in Glendale, AZ, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 36.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Glendale, AZ
As of 2024, the percent of homes in Glendale, AZ under the Section 8 program is 1.5%. 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 | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,350 | $1,830 |
| 2 Bedroom | $630 | $1,500 | $2,130 |
| 3 Bedroom | $850 | $2,020 | $2,870 |
| 4 Bedroom | $800 | $2,400 | $3,200 |
Affordability — Glendale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $404,000 |
| Median Household Income | $78,500 |