CALCMONEY // HOME AFFORDABILITY // AZ // GLENDALE
How much house can you afford in Glendale? Based on local median home prices, current AZ mortgage rates, and Glendale property tax data.
$380,000
$2,376/mo
$101,820/yr
$194,794
Monthly housing costs of $2,376 represent 47.5% of Glendale's median gross monthly income ($5,000/mo). At 47.5%, median-income buyers in Glendale are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $380,000 |
| Down Payment (20%) | $76,000 |
| Loan Amount | $304,000 |
| Monthly PI Payment | $2,002 |
| Monthly Property Tax | $215 |
| Monthly Insurance Est. | $158 |
| Total Monthly PITI | $2,376 |
| Housing Cost % of Income | 47.5% |
| Required Income (28% rule) | $101,820/yr |
| Max Affordable Home | $194,794 |
$13,300
$3,048/mo
Glendale Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $380,000 | Glendale city median |
| Down Payment (20%) | $76,000 | Conventional loan |
| Monthly PITI | $2,376 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $101,820 | Annual gross |
| Max Affordable Home | $194,794 | Based on median income |
| FHA Down (3.5%) | $13,300 | Minimum FHA |
| Housing Cost % of Income | 47.5% | Median income: $60,000/yr |
| Property Tax Rate | 0.68% | $2,584/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Glendale is $380,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $304,000, generating a monthly P&I payment of $2,002. Adding property taxes ($215/mo) and homeowners insurance ($158/mo) brings total monthly PITI to $2,376.
Glendale's property tax rate of 0.68% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Glendale median home, that is $215/month, or $2,584 per year.
Arizona levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Glendale should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Glendale's median income of $60,000/year can afford up to $1,400/month in total housing costs. Based on Glendale's mortgage rate of 6.9% and property tax rate of 0.68%, that translates to a maximum affordable home price of approximately $194,794 with 20% down on a 30-year loan.
To afford the median Glendale home priced at $380,000, you need an annual gross income of approximately $101,820. Total monthly housing costs (principal and interest of $2,002, property taxes of $215, and insurance of $158) come to $2,376/month, which equals 28% of the required income.
At the median home price of $380,000 and median household income of $60,000, the total monthly housing cost of $2,376 represents 47.5% of gross monthly income. This is well above the standard 28% threshold, making Glendale a challenging market for buyers at median income.
A conventional 20% down payment on the median Glendale home of $380,000 is $76,000. An FHA loan requires just 3.5% down — $13,300 — but adds mortgage insurance of roughly $260/month, bringing total FHA payments to $3,048/month.