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Southwest Mobile Storage - Best Mobile Storage & Office Containers In Glendale, CA

Southwest Mobile Storage is a family-owned shipping container business founded in 1995. Our strength for more than 25 years comes from the specialized knowledge and passion of our people, along with serving over 24,000 commercial, construction and residential customers. Our facility and expertise in maintaining, manufacturing, and delivering corrugated steel containers is unrivaled in the industry.

While the rental side of our business is regional with branches throughout the Southwest, our container sales and modification operations are nationwide and becoming global. Glendale, CA offers a wide selection of portable offices and mobile storage containers you can rent, buy or modify.

Our experts in container rental, sales and customization are committed to providing you the highest quality and best experience from service to delivery - our reputation depends on it.

Whether your need is for storage, office space, moving, multi-purpose or custom use, we've got your back. Here's how:

Storage Containers Glendale, CA



We bring your storage container to you for convenient, easy access at your home, business or jobsite. Plus, you'll get more choice in storage space and better security, for a fraction of the cost of a pod or add on building, saving money and energy.


Not enough room to keep a storage container at your business, home or construction site? No problem - we can store it for you. Plus, you get 70% more space and better security, for a fraction of the cost of public storage units.


Need a permanent storage solution for your business, residence or construction? We sell new and used shipping containers in many sizes with a variety of add-ons. Or customize a container to your specific storage needs with our certified fabrication experts.


Take your time packing with our moving containers. We'll deliver to your business or home and pick it up whenever you're ready to move. So, you don't have to stress about moving or making multiple trips in one day, like if you rented a moving truck.


Our moving container solutions ensure the long-distance move of your home or business is highly efficient and affordable throughout the southwest. In fact, we usually cost 20%-40% less than full-service movers.


We understand move-in and move-out dates might be different. We can store your moving container at our highly secure facilities until you're ready to move to your new home or business location, and you can conveniently access it at any time.


Whether you need a workspace, conference room, or other office requirement, our ground-mounted mobile offices meet any and all of your business needs. Plus, it's faster and easier than building additions.


If you need your shipping container to serve multiple uses, such as office-storage combos, breakrooms and even utilities, we've got you covered. We'll modify a custom container to fit your business needs and bring your business to the next level


We'll create a custom container to fit your unique needs anywhere in the US. With our container modification expertise, we make any idea a reality. From pop-up stores to multi-story structures, our unrivaled facilities and fabrication experts do it all.

You'll get your own dedicated storage and container expert to serve as your one point of contact for easy, convenient service you can trust.
With our wide selection of intermodal containers for sale and rent, you'll find exactly what you need, from size, to type and condition.
We maintain our rental fleet to the highest standard - our integrity depends on it.
Our certified, experienced Conex container modification experts have more than 500 years combined experience modifying ISO containers.
All of our containers come with high security dual-locking system for no additional charge, so you can rest assured your stored items stay safe and that you don't have to pay extra for it.
At our unrivaled 90,000 sq ft indoor fabrication facility, ensuring your custom shipping container is made exactly to your specifications.
With our level of service, quality and expertise, you won't find a better value anywhere else.
Our portable offices include lighting and electrical outlets, internet hookups, HVAC and were crafted by our in-house steel container fabrication experts for top-quality construction.

Premium Quality - High Security

With Southwest Mobile Storage, you get much more than a POD or typical Conex box. You also get high security, unparalleled service and unmatched container modification expertise and facilities. No other company offers that much.

Shipping containers and storage containers come in a range of sizes. The most common external lengths are 20ft and 40ft with a width of 8ft. ISO Containers are typically 8ft 6in tall, but high cube containers are 9ft 6in tall. We also have steel containers in a variety of sizes from 10ft long to 45ft long to rent or buy, and we can modify shipping containers into any size you want.

 Rent Storage Containers Glendale, CA

SMS Mobile Storage Containers have these high quality features:

1/8" thick steel plate bottom side rails
High strength steel supporting cross members
1 1/8" thick hardwood floor with galvanized self-tapping screws
16-gauge corrugated steel walls
16-gauge roof
270-degree swing cargo door(s)
High security dual-locking system*
Spot-grinded, primed & repainted with a beige high-grade water reducible alkyd direct-to-metal enamel*
* Comes standard on all rental units

SMS portable workspace containers have these structural features:

High security window bars, lever & deadbolt set with lock box
Studs & R-19 Insulation covered with wood paneling
1 1/8" marine board floor is covered with a durable single part gray epoxy coating
Dual pane low-E horizontal sliding windows with screens and miniblinds
18 Gauge steel polystyrene core 3-hour fire rated personnel door
All of our workspaces are manufactured in-house and arrive new or restored to factory specifications
Exterior load center operating on 100 Amp single phase 230 Volt power
Light switch, receptacles and 4' light fixtures; all wiring is Romex 12/2
CAT-6 voice and data lines with electrical junction box
HVAC units ranging from 1 ton to 2 ton on rentals; ability to customize up to 10 tons of cooling

Having flexible storage containers options is important, but security is crucial to protect your peace of mind and your possessions.

At Southwest Mobile Storage, we don't believe in leaving things to chance. We want you to rest easy knowing your inventory, documents, tools, equipment and other items are safe 24/7. That is why we equip SMS high-security slide bolt locking systems and lockboxes on our entire fleet of rental freight containers.


High-security slide-bolt locking system and extra-long lock box, giving you twice the security and peace of mind.
No holes to ensure your rental shipping container is wind and water-tight.
No rust for your safety.
14-gauge corrugated steel for strength and reinforcement.

Contact us to speak with a helpful, friendly representative to better understand our full range of capabilities. We are happy to answer any questions you have, go over pricing and set up a time and place to deliver your Conex box. Our quotes are 100% free and you are under no obligation to pay for your consultation.


When you own a business or manage one, it's crucial to have efficient, affordable ways to store inventory and supplies, whether it's to grow your business or adapt to changes in the market, like the many caused by the pandemic.

Renting storage containers to keep at your business eliminates the cost and hassles of sending your staff to offsite storage facilities. Steel containers with roll up doors make storing and retrieving items faster and easier. Auto repair shops and other businesses that need easy access throughout the workday to secure storage for tools, parts, equipment or supplies find renting shipping containers to be the best solution for their business storage needs. Southwest Mobile Storage has your back.

 Storage Containers For Rent Glendale, CA

Renting portable offices gives your business more workspace, breakrooms, pop up stores, security booths and more, without the cost and red tape associated with constructing building additions. Plus, a steel storage container fits neatly into one parking space and provides much stronger security than Pods and way more convenience than self-storage units.

If you have a specific need, we can modify shipping containers to build whatever you need to grow your business. Whether it's a portable workspace to run your business, like a pop-up container bar, or a durable facility for scientific research, like a container laboratory, or even a container gym, our unrivaled fabrication facility and modification experts got you covered. Our full-time, in-house staff of certified welders, engineers, electricians, carpenters and painters have over 500 years combined experience modifying thousands of container projects for just about any business use you can imagine.


Offsite storage alternatives cause a mess of hassles and headaches. Expanding office space and storage capacity at your location saves time, money and hassle of making multiple trips offsite.
We offer more choice in security, size and features in steel Conex boxes or ISO shipping containers than a public storage unit or Pod for less cost and far greater service.
We offer flexible, month-to-month rental agreements and prorate by the day after your first 28-day billing cycle.
With us, you get a dedicated account manager you can rely on, so you can focus on running your business than waste time with a different person every time you call that doesn't know or care as much.
While other companies may have some staff for modifying containers, most outsource the work, so you don't know who is actually doing the modifications or how much they're marking up the price.
 Mobile Storage Containers Glendale, CA
When you modify a shipping container for your business, you won't have to worry about expensive, lengthy and complicated construction.
We have modified thousands of containers nationwide and internationally for more than 25 years for NASA, US Navy, GCP Applied Technologies, Helix and Sundt to name a few. And rent containers to Amazon, Walmart and many of other nationally recognized brands.
Our extensive staff makes it possible to custom build multiple projects simultaneously and our 90,000 sq ft indoor fabrication facility prevents contaminants from interfering with fabrication, which delivers better quality and precision.


Building additions to your home can be very expensive and requires going through the hassle of securing permits and waiting for construction. You can save money, time and stress by modifying a shipping container instead. Whether you need additional space for a home gym, recreation or storage, we can convert steel containers into anything you can imagine. Our custom container gyms, man-caves or she-sheds, garages and more give you the extra space you need without the hassle, cost and wait that comes with home renovation.

Renting shipping containers for temporary storage, either when moving or dealing with restoration from a fire or flood, provides a secure, convenient way to keep your belongings close for accessing them whenever you need to. Plus, renting mobile storage containers for moving costs less than traditional movers and allows you to take your time packing, reducing the stress that comes from moving. You can also rent portable offices for your home to make working remotely distraction-free.

 Rent Shipping Containers Glendale, CA


With an extensive in-house staff and 90,000 sq ft container modification facility, we're able to deliver consistently high quality and work on multiple projects simultaneously for a fast turnaround.

Other companies don't have the facility, staff or resources to modify shipping containers and will outsource the work to various shops who may not have the special experience or tools needed to modify the right way.

You can rest assured knowing your custom container is safe in our hands. Our certified weld and quality control inspectors ensure everything is structurally sound and built to your specifications through every step of the process.

Renting a moving container from us makes your move much less stressful because you won't have to rush to pack your whole house into a moving truck in one day. Instead, you can take your time packing over the course of a month.

Our ISO shipping containers are weatherproof and come with vault-like security, so you don't have to worry about theft or damage to your belongings.

You won't get that level of security from U-Haul or other moving truck companies.

Renting a storage container at your home keeps your belongings close and gives you convenient 24/7 access, so you're always able to retrieve the contents of your container when you need to.

We know move in and move out dates don't always line up. We can store your packed rental container at our secure facility until your new home is ready.

With our mobile storage containers for rent in Glendale, CA, you can save up to 40% when compared to full-service long-distance movers, while gaining more flexibility in your schedule.


We know your needs may change suddenly. With our extensive inventory and variety of sizes of portable offices and shipping containers to rent, buy or modify in Glendale, CA, we provide fast service and the best value possible so it's easy for you to get whatever you need when you need it.

Renting storage containers and portable offices from us gives you more flexibility when it comes to your schedule and options. If you don't have enough space at your current location or simply would prefer offsite storage, you can keep your rental storage and office containers at your location or ours - whichever is most convenient for you. You also get more options to choose from when it comes to size and features, like portable offices with divided rooms for private meetings or office/storage combos for storage and office space in one container. All while costing a fraction of the price of a pod or self-storage facility.

You can also buy new or used freight containers from us and choose from a variety of add-ons, including lights, electricity, doors and windows. Or fully customize a shipping container to save time, money and energy by skipping the expensive, lengthy process of constructing building additions. We can modify a Conex box into whatever you can imagine for any use you need, from construction tool cribs to office buildings, monitoring stations, mobile communication towers and much more. The possibilities are endless.


You'll never face hidden fees or surprises with us. We give you transparent billing up front at the best prices.

With us, you get a reliable, dedicated point of contact, who keeps you updated every step of the way. You can rest assured knowing you'll always get what you need, when you need it.

No other company has the breadth and depth of staff and experience that we do when it comes to modifying shipping containers. Our certified welders, engineers, electricians, plumbers, carpenters and painters have more than 500 years of combined experience in fabricating custom steel containers.

We prorate your rent by the day after the first 28-day billing cycle, so you don't have to pay for a full month when you only have your mobile containers and offices for a few days.

While other companies may be able to do small container modifications, most don't have an in-house fabrication staff or 90,000 sq ft fabrication facility like we do. As a result, they outsource the work on your custom container, so you don't know who's actually building it.

Rest assured knowing your modified shipping container will be built to the highest quality standards. Our certified weld and quality control inspectors check every step of the fabrication process to ensure everything is structurally sound and built to your specifications.


Whether you're in need of a storage container for your commercial business, a portable office for your construction site, or a moving container for your home, our process is simple and straightforward.

Choose Your Container

Choose the mobile storage solution that works best for your needs. In this step, you will let us know the number of containers you need, their sizes and what types of doors to equip.

Choose Your Options

Let us know if you would like to add any of our rental options, like a folding table or shelving.

Choose Your Security

Choose from padlocks, puck locks and other enhanced security options. All of our storage containers come standard with dual-locking, vault-like security.

Choose Your Delivery Timeframe

You can expect standard delivery within 3-5 days of your order. If you need expedited delivery, we will do everything in our power to accommodate your needs.

Pick-Up Planning

Do you need to keep your shipping container at our location? Prefer to have our team deliver your packed container to a location of your choice? Let us know, and we'll be by your side to work out the logistics.




Let our team know where we should deliver your mobile storage container for rent in Glendale, CA. Be sure to let us know if there are any special conditions that might prevent our drivers from entering your chosen destination. Before you schedule your delivery, let us know which direction you would like the doors of your container to face.



Our drivers can deliver your storage container Monday-Friday, between the hours of 6AM and 2PM local time. Our two-hour delivery window is the most precise in the industry. If you desire another delivery time outside of our standard delivery options, we will do our best to accommodate your needs. As a courtesy, our driver will call you at least 30 minutes before they arrive at your drop-off destination.



Before we deliver your Conex box, prepare your delivery area by ensuring that there are no low overhangs, arches, wires, trees or any other obstacles that could interfere with your delivery. It's a good idea to mark the space where you would like your steel container placed.



When our driver arrives, they will back our truck into the space where you would like your shipping container placed. Once we arrive, we will ensure that your container is delivered safely and securely. If placed on asphalt or pavement, we will use wood dunnage pads to make sure your ground surface is protected and the container is level.


Check out our FAQ page or reach out to our helpful customer service team today @


Latest News in Glendale, CA

Leading Real Estate Agents In Glendale, CA, Share Real Estate Market Insights

The changes in the real estate market mean that there are changes in the interest rates on mortgages. The rates are on the rise, so anyone looking to buy or sell a home should consider doing so before rates go up much more than they have now.Vic Markarian is a real estate selling agent in Glendale, CA. He has seen the changing interest rates his whole career and has ...

The changes in the real estate market mean that there are changes in the interest rates on mortgages. The rates are on the rise, so anyone looking to buy or sell a home should consider doing so before rates go up much more than they have now.

Vic Markarian is a real estate selling agent in Glendale, CA. He has seen the changing interest rates his whole career and has advice for those who are looking to buy a home in the Glendale area.

“Be ready to make concessions, possibly more than you would like to make. What your lender has said you can realistically afford may mean you have to settle for something less than what you were hoping for. This means access to good shopping may mean areas with families if you are looking for a retirement spot. A longer commute may bring you a bigger home,” said Markarian.

This does not mean a buyer or seller should wait. In fact, Markarian feels just the opposite. He and his team of Realtor agents in Glendale, CA, have a simple suggestion.

“Buy if you are ready. Sell if you are ready,” said Markarian.

Markarian means the best time is always what the buyer or seller thinks is the best time. The interest rates may change, but the one thing that will not change is how the value of real estate does not drop. A home bought today is a wise investment in the future.

Vic Markarian and his team of real estate selling agents in Glendale, CA, have two websites with available properties. Interested buyers or sellers can visit the sites at and

Media Contact Company Name: Vic Markarian Realty Group Contact Person: Media Relations Email: Send Email Phone: +1 818 248 8668 Address:3237 N Verdugo Rd City: Glendale State: California 91208 Country: United States Website:

Obituary: Helen Van Woerkom

August 1, 1923 – November 6, 2022Helen Van Woerkom (Tomczyk), 99, of Grass Valley, CA, passed away on November 6th 2022. She was a cherished wife, mother, grandmother, sister, daughter and friend. She’s remembered with love by her five living children Christopher Van Woerkom (and wife Marjorie Van Woerkom) of Fort Collins, CO., Marie Reed (and husband David Hori) of Sedona, AZ., Martha Van Woerkom of Annapolis, MD., Celeste Rind (and husband David Rind) of Kirkland, WA., and Leon Van Woerkom (and wife Reya...

August 1, 1923 – November 6, 2022

Helen Van Woerkom (Tomczyk), 99, of Grass Valley, CA, passed away on November 6th 2022. She was a cherished wife, mother, grandmother, sister, daughter and friend. She’s remembered with love by her five living children Christopher Van Woerkom (and wife Marjorie Van Woerkom) of Fort Collins, CO., Marie Reed (and husband David Hori) of Sedona, AZ., Martha Van Woerkom of Annapolis, MD., Celeste Rind (and husband David Rind) of Kirkland, WA., and Leon Van Woerkom (and wife Reya Van Woerkom) of San Jose, CA. as well as many treasured grandchildren, siblings, nieces and nephews. She was predeceased by her husband of 47 years Alfons Robert Van Woerkom and her oldest son Mark Van Woerkom. Helen was born on August 1st, 1923 in Hamtrammack (a suburb of Detroit), Michigan, the third child of seven and first daughter to Polish parents Antoni and Stella Tomczyk. She spent her formative years growing up in Flint, Michigan, in a predominantly Polish community. She moved to Glendale California with her friend Margaret when she was in her twenties. In California she worked as a secretary/office assistant. Helen met Al in Glendale, CA at a church social, where he fell in love with the tall, beautiful woman with a heart of gold. They married on January 29th, 1949. They moved to Napa shortly after they married so that Al could take a job working for the Napa County Health Department. She and Al built their first home in 1952, the same year their son Mark was born. Three years later in 1955 their second son Christopher arrived followed by Marie in 1957, Martha in 1958, Celeste in 1961 and Leon in 1963. Helen and Al loved Napa, where they stayed, lived in three different homes, and raised their six children. Once the children were grown, Helen took a job working for the City of Napa in the Payroll Dept. She was bright and a wiz with numbers. After many years of illness, Al passed away in 1996 and she moved to Grass Valley to be closer to family. After raising their children Al and Helen enjoyed traveling and were fortunate to have visited many different countries as well as spending time exploring the US in a selection of various travel trailers they owned over the years. They had many friends and enjoyed hosting them at their home and treating them to Helen’s wonderful cooking and baking. Helen’s greatest pleasure was spending time with her family. It was a joy to see her face light up when a family member arrived for a visit and they did that often. Helen was a gracious and kind person and remained so to the end. She was a wonderful seamstress (necessitated by the inability to purchase clothes for her tall children) and a stickler for healthful eating and lifestyle before it became vogue. She spoke often and lovingly of her Michigan family. Although softspoken and humble, Helen was the family anchor with her competence and unconditional love. She will be missed by all who knew her.

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Hometown Chocolatier Valerie Confections Debuts Sweet New Glendale Digs

ThisThis Saturday, and just in time for holiday shopping season, Valerie Gordon and her husband and business partner, Stan Weightman Jr., will unveil a sweet new behemoth in the form of Valerie Confections’s new 5,000-square-foot headquarters in Glendale. The 18-year-old brand’s new home base ...

ThisThis Saturday, and just in time for holiday shopping season, Valerie Gordon and her husband and business partner, Stan Weightman Jr., will unveil a sweet new behemoth in the form of Valerie Confections’s new 5,000-square-foot headquarters in Glendale. The 18-year-old brand’s new home base at 1936 W. Glenoaks Boulevard, which includes a retail area that’s open to the public, will house all of the baking and chocolate production, and will serve as an office and events space down the line.

It’s a huge step for the brand: Not only did Gordon recently bring on a new culinary director, Mozza Group alum Dahlia Narvaez, to run the production side of things — therefore freeing her up to focus on the brand’s creative direction — but she’s in the process of hiring more key leadership positions. Plus, the new space will allow the company to greatly expand its wholesale production capabilities. (While Gordon closed her 3360 W. First Street location in making the move to Glendale, Valerie Echo Park remains open.)

“Universal interactivity is the thing that’s most exciting to me about this new space,” Gordon says. “We’ve created a place for staff that feels stimulating, where they feel taken care of, creative, and satisfied. And we’ll be inviting people in to collaborate on events and tastings. Soon we’ll reach at least three times as many wholesale customers and launch home deliveries.”

The HQ’s retail section is stocked with an array of Valerie Confections favorites, ranging from chocolate bars and build-your-own chocolate boxes to petit fours, pies, fruit jams, house-made granola, Gordon’s cookbook Sweet, and cakes like the now-iconic Blum’s Coffee Crunch Cake. More retail selections will be available in 2023, as will coffee and espresso service using beans from AAPI-owned Sir Owlverick’s.

Done up in crisp white subway tile with concrete floors, the shop contains temperature-controlled display cases and shelving made using wood from Valerie Confections’s older locations, like its former Grand Central Market stall, plus brass and antique fixtures. Weightman designed and fashioned all of the wooden displays with designer Derek Mabra. From the retail area, customers can see into the company’s chocolate production kitchen, which sits behind a row of windows.

As for the space’s expansive kitchens, one will focus on events sometime next year, while another will be primarily for baking and mixing. The space also includes a dining room for private dinners and tastings, as well as an outdoor area outfitted with two Lettuce Grow stands for edible flowers and the like to use on cakes and pastries. There’s even three Big Green Eggs for grilling events, as Gordon is a grilling aficionado as well.

Valerie Confections’s opening hours will be Monday through Saturday from 9 a.m. to 5 p.m.

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Valerie Confections Glendale

1936 W. Glenoaks Boulevard, Glendale, CA 91202

Assistance Services Institute for Asians in N.A Presents Diversity Cultural Fest – Small Business Mixer in Glendale, CA

(The Magazine Plus Editorial):- Glendale, California Oct 26, 2022 ( – The Assistance Services Institute for Asians in North America – ASIANA – presents its 1st Diversity Cultural Fest & Small Business Mixer on Nov. 12 to celebrate Asian & diverse minority cultures and help Asian and minority women and youth learn how to build capacities for their creative and healthcare projects.Online registration is now open for th...

(The Magazine Plus Editorial):- Glendale, California Oct 26, 2022 ( – The Assistance Services Institute for Asians in North America – ASIANA – presents its 1st Diversity Cultural Fest & Small Business Mixer on Nov. 12 to celebrate Asian & diverse minority cultures and help Asian and minority women and youth learn how to build capacities for their creative and healthcare projects.

Online registration is now open for the Nov. 12 event planned from 2 to 8 p.m. at the Incarnation Glendale Auditorium, 1001 N. Brand Blvd. The event is designed for Asian and diverse minority groups, primarily women and youth who are artists, creatives, media talents, and healthcare providers seeking start-up technology assistance and minority-owned businesses seeking funding. The event is sponsored by: GLOBAL MEDICAL GROUP OF COMPANIES, MD MEDICAL TRANSPORT, OPTIMIZE MEDIA MARKETING, & LANELLE HEALTH PRO CARE

ASIANA’s CEO and founder, Nellie Reyes Schwab, established the nonprofit with the help of her five co-founders to uplift other Asians and underserved diverse communities now living in North America to develop their skills and launch their legacy businesses and bridge the gap between America’s best practices and their traditional way of doing business in their countries of origin and improve the quality of their service deliveries to their chosen niches.

“We are the only Asian and diverse minority community of highly-skilled technology, funding, and technical assistance experts in North America who can help you build your future legacies,” Nellie said. Further, her slogan reads, “No Asians and minorities left behind !”

The event provides opportunities to network and build connections. There’s still time for minority-owned businesses to showcase their brands and register as a sponsor or be part of the small business mixer to close a collab or a deal! Attendees are also encouraged to dress to represent their favorite nation’s culture.

The event features a special guest, the Hon. Consul General Edgar Badajos of the Philippine Consulate General office in Los Angeles and sessions with experts on topics ranging from diversity/equality/inclusion (DEI), branding, marketing, wealth-building, optimizing technology, and building community partnerships for women and youth empowerment, social justice, performing arts, and community development.

The schedule of featured session presenters and topics:

The event also includes performances by: Susan Ordona, Briza Madueno, Mic Diaz, FASO Performers, Louie Olais, and FilAm Media Band w/ Nikki Arriola. Learn more about the presenters and the event at

Media Contact

Optimize Media Marketing


4100 W. Alameda Ave, 3rd Floor, Burbank, CA 91505

Home Prices Rose Year-Over-Year In 98% Of Metro Areas In The Third Quarter

An overwhelming majority of metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales, according to the National Association of Realtors’ latest quarterly report. F...

An overwhelming majority of metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales, according to the National Association of Realtors’ latest quarterly report. Forty-six percent of the 185 tracked metro areas registered double-digit price increases, down from 80% in the second quarter of this year.

The national median single-family existing-home price climbed 8.6% from a year ago to $398,500. Year-over-year price appreciation decelerated when compared to the previous quarter’s 14.2%.

“Much lower buying capacity has slowed home price growth and the trend will continue until mortgage rates stop rising,” said Lawrence Yun, NAR’s chief economist. “The median income needed to buy a typical home has risen to $88,300 – that’s almost $40,000 more than it was prior to the start of the pandemic, back in 2019.”

Among the major U.S. regions, the South registered the largest share of single-family existing-home sales (44%) and the greatest year-over-year price appreciation (11.9%) in the third quarter. Prices elevated 8.2% in the Northeast, 7.4% in the West and 6.6% in the Midwest.

The top 10 metro areas with the largest year-over-year price increases all recorded gains greater than 18%, with seven of those markets in Florida. Those include North Port-Sarasota-Bradenton, Florida (23.8%); Lakeland-Winter Haven, Florida (21.2%); Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina (21.1%); Panama City, Florida (20.5%); Deltona-Daytona Beach-Ormond Beach, Florida (19.6%); Port St. Lucie, Florida (19.4%); Greenville-Anderson-Mauldin, South Carolina (18.9%); Kingsport-Bristol-Bristol, Tennessee-Virginia (18.8%); Tampa-St. Petersburg-Clearwater, Florida (18.8%) and Ocala, Florida (18.8%).

Half of the top 10 most expensive markets were in California, including San Jose-Sunnyvale-Santa Clara, California ($1,688 million; 2.3%); San Francisco-Oakland-Hayward, California ($1,300 million; -3.7%); Anaheim-Santa Ana-Irvine, California ($1,200 million; 9.1%); Urban Honolulu, Hawaii ($1,127,400; 7.6%); San Diego-Carlsbad, California ($900,000; 5.9%); Los Angeles-Long Beach-Glendale, California ($893,200; 3.8%); Boulder, Colorado ($826,900; 7.5%); Naples-Immokalee-Marco Island, Florida ($746,600; 16.7%); Seattle-Tacoma-Bellevue, Washington ($741,300; 4.6%); and Boston-Cambridge-Newton, Massachusetts-New Hampshire ($698,900; 6.2%).

“The more expensive markets on the West Coast will likely experience some price declines following this rapid price appreciation, which is the result of many years of limited home building,” said Yun. “The Midwest, with relatively affordable home prices, will likely continue to see price gains as incomes and rents both rise.”

In the third quarter of 2022, stubbornly high home prices and increasing mortgage rates reduced housing affordability. The monthly mortgage payment on a typical existing single-family home with a 20% down payment was $1,840. This represents a marginal increase from the second quarter of this year ($1,837), but a significant jump of $614 – or 50% – from one year ago. Families typically spent 25% of their income on mortgage payments, down from 25.3% in the prior quarter, but up from 17.2% one year ago.

“A return to a normal spread between the government borrowing rate and the home purchase borrowing rate will bring the 30-year mortgage rates down to around 6%,” said Yun. “The usual spread between the 10-year Treasury yield and the 30-year mortgage rate is between 150 to 200 basis points, rather than the current spread of 300 basis points.”

First-time buyers looking to purchase a typical home during the third quarter of 2022 continued to feel the impact of housing’s growing unaffordability. For a typical starter home valued at $338,700 with a 10% down payment loan, the monthly mortgage payment rose to $1,808 – nearly identical to the previous quarter ($1,807), but an increase of almost $600, or 49%, from one year ago ($1,210). First-time buyers typically spent 37.8% of their family income on mortgage payments, up from 36.8% in the previous quarter. A mortgage is considered unaffordable if the monthly payment (principal and interest) amounts to more than 25% of the family’s income.

A family needed a qualifying income of at least $100,000 to afford a 10% down payment mortgage in 59 markets, up from 53 in the prior quarter. Yet, a family needed a qualifying income of less than $50,000 to afford a home in 17 markets, down from 23 in the previous quarter.


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