Home Affordability in Glendale, CA
The median home price in Glendale is $1,000,000 with a median household income of $65,685. Housing is significantly stretched relative to local incomes.
Median Home Price
$1,000,000
Median Income
$65,685
Price-to-Income Ratio
15.2x
Est. Affordable Home
$255,000
Property Tax Rate
0.72%
Annual Property Tax
$7,200
Sales Tax Rate
10.25%
Cost of Living Index
155
Buying a Home in Glendale
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $65,685 in Glendale can afford a monthly housing payment of approximately $1,533. This translates to a home price of roughly $255,000, which is below the median home price of $1,000,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Glendale would be approximately $7,200 per year ($600/month) at the effective rate of 0.72%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $30,000 | $970,000 | Yes |
| 5% | $50,000 | $950,000 | Yes |
| 10% | $100,000 | $900,000 | Yes |
| 20% | $200,000 | $800,000 | No |
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