Glendale, AZ—85308
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 $470,000, with a year-over-year change of -4.5%. 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 | $470,000 | -4.5% |
| Single Family | $475,000 | -4.4% |
| Condos | $280,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | -4.1% |
3 Bed | $429,000 | -4.7% |
4 Bed | $554,000 | -3.3% |
| 5 Bed | $679,000 | -2.2% |
% of Housing Stock
Rental Trends — Glendale, AZ
As of July '25, Rentcast reports the average rent in Glendale, AZ is $2,470, with a year-over-year rent change of 12.8%. Per bedroom, the median rent as of July '25 in Glendale, AZ is studios: $1,350, 1-bedrooms: $1,270, 2-bedrooms: $1,980, 3-bedrooms: $2,400, 4-bedrooms: $2,960. The most common rental property sizes in Glendale, AZ are 2-bedroom and 3-bedroom, accounting for 29.4% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,470 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,260 | $1,270 |
| 2 Bed Rent | $1,900 | $1,980 |
| 3 Bed Rent | $2,300 | $2,400 |
| 4 Bed Rent | $2,660 | $2,960 |
% 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 55. This is a increase of 6.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $531,000 | -4.0% |
Listing Count | 220 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 55 | 6.0% |
Demographics — Glendale, AZ
As of the latest ACS Survey released in 2023, Glendale, AZ has a population of 65,200, which has decreased by -1.4% over the past 5 years. Glendale, AZ is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,200 | -1.4% |
% Under 18 | 19.4% | -3.0% |
% Seniors | 17.6% | 23.1% |
% WFH | 19.5% | 124.1% |
% w/ College Degree | 37.7% | 9.0% |
As of the latest ACS Survey released in 2023, Glendale, AZ is a predominantly white area, with 70.3% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Glendale, AZ is hispanic, making up 14.1% of the population. Foreign-born residents account for 11.2% of the population in Glendale, AZ, and this percentage has decreased by 0.9% 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 | 70.3% | -6.0% |
% Black | 2.6% | 23.8% |
% Hispanic | 14.1% | 2.2% |
% Asian | 4.9% | -9.3% |
% Foreign Born | 11.2% | -0.9% |
Mortgage and Risk — Glendale, AZ
According to HUD data as of 2023, there were 1244 mortgage originations in Glendale, AZ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 25.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,244 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Glendale, AZ
As of 2024, the percent of homes in Glendale, AZ under the Section 8 program is 0.3%. 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 | 37 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $670 | $1,260 | $1,930 |
| 2 Bedroom | $340 | $1,900 | $2,240 |
| 3 Bedroom | $710 | $2,300 | $3,010 |
| 4 Bedroom | $710 | $2,660 | $3,370 |
Affordability — Glendale, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $470,000 |
| Median Household Income | $95,500 |