Glendale, AZ
Maricopa County ยท Pop. 252,381
Ranked #134 of 243 cities
38Crisis
Median Home Price
๐$380K
4.0% YoY
Median Rent
๐$1,450
3.5% YoY
Median Income
๐ฐ$58K
Rent Burden
๐32.0%
% of income to rent
Income to Buy
๐ฆ$109K
annual income needed
Income to Rent
๐$58K
annual income needed
Price-to-Income
โ๏ธ6.6x
Homeownership
๐ก58.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,450/mo
Median rent
Need $58K/yr income
How Glendale Compares
| Metric | Glendale | Arizona | National |
|---|---|---|---|
| Home Price | $380K | $411K | $410K |
| Rent | $1,450 | $1,608 | $1,500 |
| Income | $58K | $77K | $75K |
| Rent Burden | 32.0% | 34.1% | 30.0% |
Key Takeaways
- โข Home prices in Glendale are 7% lower than the national average.
- โข Rent is 3% lower than the national average.
- โข You need an income of $109K to comfortably buy a home here.
- โข The homeownership rate is 58.0%, compared to 65.0% nationally.