Emerald Isle, an affluent neighborhood in Glendale, California, has experienced significant changes in homeownership rates and property values over the past decade. This area, known for its verdant landscapes and high-end residences, has maintained high ownership percentages while seeing substantial increases in average home prices. From 2013 to 2022, Emerald Isle's homeownership rate increased from 93% to 95%. During this same period, average home prices more than doubled, rising from $863,076 in 2013 to $1,889,624 in 2022, representing a 119% increase in just nine years.

The neighborhood's homeownership trends have shown resilience against typical market forces. Despite historically low federal interest rates between 2013 and 2021, ranging from 0.08% to 1.83%, homeownership rates in Emerald Isle remained relatively stable, fluctuating between 88% and 97%. This suggests that local market conditions and the neighborhood's desirability may have been more influential factors in homeownership decisions than interest rates.

Rental market dynamics in Emerald Isle have been characterized by consistently low renter percentages, ranging from 2% to 10% between 2013 and 2022. However, average rent prices have steadily increased over this period. In 2013, the average rent was $2,250, rising to $2,860 by 2022, a 27% increase. The limited availability of rental properties in this predominantly owner-occupied neighborhood likely contributed to the upward pressure on rent prices.