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Glendale Mortgage Facts

Glendale Introduction

Located in Southern California, the City of Glendale is the third largest city in in Los Angeles County. As of the 2005 census, Glendale's population was just over 194,000 people, essentially unchanged from the 2000 census. Glendale is located 15 minutes north of Los Angeles, and approximately 30 minutes from the Southern California coast.

Glendale Neighborhoods

Glendale's neighborhoods include: Adams Hill, Brockmont, Chevy Chase, Citrus Grove, City Center, College Hills, Crescenta Highlands, El Miradero, Emerald Isle, Freemont Park, Glenoaks Canyon, Glenwood, Grand Central, Grandview, Greenbriar, Mariposa, Montecito Park, Montrose/Verdugo City, Moorpark, Oakmont, Pacific Edison, Pelanconi, Rancho San Rafael, Riverside Rancho, Rossmoyne, Somerset, Sparr Heights, Tropico, Verdugo Viejo, Verdugo Woodlands, Vineyard, Whiting Woods, and Woodbury. Some of the more notable include:

  • Brockmont - Brockmont is a neighborhood in central Glendale with housing prices above the median for Glendale as a whole.
  • Greenbriar - Greenbriar borders Brockmont to the east and also has housing prices above the median for Glendale as a whole.
  • Glenoaks Canyon - Glenoaks Canyon is located to the western end of Glendale that is also a community with high housing values.
  • Oakmont - Oakmont is located toward the northern end of Glenwood near the Verdugo Mountains and also has valuable real estate.

Glendale Real Estate

As of 2005, there were an estimated 74,346 housing units in Glendale according to the US Census Bureau. Of these, less than 40% (38.6%) were owner occupied, an owner occupancy rate well below the national average (66.9%).

Over three quarters (76.0%) of Glendale's housing was built before 1980, with nearly half (46.4%) having been built prior to 1960. Glendale's housing typically features 2 to 5 rooms with 2 to 3 bedrooms. 17.7% of Glendale housing has 6 or 7 rooms, and only 5.2% has 8 or more rooms. In addition, only 8.2% has four or more bedrooms.

Glendale housing is over three and a half times more expensive than the national average. As of 2005, the median value of an owner occupied home in Glendale was $598,900. This is substantially up from 2000 when the median price was $325,700.

In 2005, Glendale home owners were paying a median $2,253 per month in owner costs. 82.3% of the owner occupied homes in Glendale had a mortgage in 2005. In addition, over a third of these (37.9%) also had a second mortgage and/or a HELOC (home equity line of credit).

Glendale Property Taxes

The Los Angeles County Assessor assesses all real estate and personal property for Glendale (and the rest of Los Angeles County). The L.A. County Treasurer and Tax Collector mails out the property tax bills and collects the money. In 2005, the median property tax bill for an owner occupied home in Glendale was $3,303. More information about property taxes may be found at the Los Angeles County Property Tax Portal.

Glendale Schools

Glendale is served by the Glendale Unified School District (GUSD). GUSD operates 20 elementary schools, 4 middle schools, 5 high schools, 1 special school, and 1 independent study school. Combined these schools serve 30,000 students from kindergarten to grade 12. 8 GUSD schools have earned the National Blue Ribbon from the U.S. Office of Education. In addition, 21 GUSD schools have earned "Distinguished School Awards" from the California School Recognition Program.

There are also many private schools in Glendale, including: Chamlian Armenian School, Holy Family High School and Glendale Adventist Academy. Glendale is also home to Glendale Community College, one of California's largest two-year colleges.

Glendale Economy

Glendale's economy is inextricably intertwined with that of Los Angeles and Los Angeles county. The major industries in this area include: aerospace, agriculture, business and professional services, entertainment (television, motion pictures, recorded music etc.), international trade, petroleum, technology, and tourism. As of 2005, the median family income in Glendale was $61,315, which is above the national average at that time ($55,832).

Glendale and California Mortgage and/or Real Estate Organizations

Glendale Mortgage Statistics

CategoryValue
Homes With No Mortgage22%
With A Mortgage78%
First Mortgage Only58%
Second Mortgage or Home Equity Loan19%
Second Mortgage Only11%
Home Equity Loan Only8%

Glendale Housing Expenses

CategoryValue
Owner Costs as % of Income24.2%
Median Real Estate Taxes (2000)$2,139

Glendale Household Size

CategoryValue
Total Occupied71,804
1-Person Households26%
2-Person Households28%
3-Person Households17%
4-Person Households17%
5-Person Households7%
6-Person Households3%
7+-Person Households1%

Glendale Housing Stock

CategoryValue
Median Year Built1962
Median Year Built (Owner Occupied)1953
Median Year Built (Renter Occupied)1967

Glendale Home Heating

CategoryValue
Using Utility Co. Gas Heat84%
Using Bottled/Tank Gas Heat1%
Using Electric Heat14%
Using Oil Heat0%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Glendale Housing Size

CategoryValue
No Bedrooms2%
1 Bedroom10%
2 Bedrooms32%
3 Bedrooms39%
4 Bedrooms14%
5+ Bedrooms3%
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