Market Snapshot
- Median listing price
- $425K
- Median rent
- $2,040/mo
- Days on market
- 356 days
- Gross rental yield
- 5.76%
- STR vs LTR
- $1,667/mo STR · $2,040/mo LTR
The median listing price in Glendale, AZ ZIP 85304 is $424,975 as of June 2026.
The median market rent in Glendale, AZ ZIP 85304 is $2,040/month as of June 2026.
The median days on market in Glendale, AZ ZIP 85304 is 356 days as of June 2026. The market is currently neutral.
At a median list price of $424,975 and a median rent of $2,040/month, the gross rental yield in Glendale, AZ ZIP 85304 is 5.76% as of June 2026.
In Glendale, AZ ZIP 85304, median Airbnb revenue is $1,667/month compared to median long-term rent of $2,040/month as of June 2026.
Glendale, AZ 85304 Real Estate Market Report
ZIP Code: 85304
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Glendale, AZ, are averaging 6.65%, reflecting a stable interest rate environment for property owners in this market compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of market value and recent transaction activity is the median sold price: $412,000, which anchors pricing expectations for both SFR and condominium buyers and sellers in this ZIP code; flat price year-over-year trend supports a stable valuation environment.
- The median days on market: 356 points to slower sales velocity and suggests pricing friction or extended negotiation timelines; this longer time-to-contract may indicate that sellers should expect a more measured marketing period.
- Listing expectations remain above transaction levels—median listing price: $424,975—which, coupled with the representative recent sale level, suggests some seller price optimism relative to closed deals and may require targeted pricing or incentives to accelerate offers.
- Market context shows median price per square foot: $226 and median market rent: $2,040, while interest rate pressure is elevated (Current 30-year fixed mortgage rates are averaging 6.65%), indicating financing costs are a headwind for buyer affordability even as the market temperature remains neutral; investors and owners should plan for constrained financing demand and monitor rate movements closely.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.3% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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