Glendale, CA
Los Angeles County ยท Pop. 196,543
Ranked #241 of 243 cities
12Crisis
Median Home Price
๐$1.1M
3.5% YoY
Median Rent
๐$2,500
3.0% YoY
Median Income
๐ฐ$72K
Rent Burden
๐38.0%
% of income to rent
Income to Buy
๐ฆ$302K
annual income needed
Income to Rent
๐$100K
annual income needed
Price-to-Income
โ๏ธ14.6x
Homeownership
๐ก30.0%
Rent vs. Buy
Buy
$5,589/mo
Est. mortgage (7%, 20% down)
Need $302K/yr income
Rent
$2,500/mo
Median rent
Need $100K/yr income
How Glendale Compares
| Metric | Glendale | California | National |
|---|---|---|---|
| Home Price | $1.1M | $726K | $410K |
| Rent | $2,500 | $1,992 | $1,500 |
| Income | $72K | $96K | $75K |
| Rent Burden | 38.0% | 40.5% | 30.0% |
Key Takeaways
- โข Home prices in Glendale are 156% higher than the national average.
- โข Rent is 67% higher than the national average.
- โข You need an income of $302K to comfortably buy a home here.
- โข The homeownership rate is 30.0%, compared to 65.0% nationally.