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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Garland, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Garland, TX Housing Market Trends

With a population of 240,854, 79,770 total housing units (homes and apartments), and a median house value of $302,471, Garland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Garland, accounting for 69.81% of the city's housing units. Other types of housing that are prevalent in Garland include large apartment complexes or high rise apartments ( 22.43%), duplexes, homes converted to apartments or other small apartment buildings ( 3.85%), and a few row houses and other attached homes ( 3.60%).

The most prevalent building size and type in Garland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.81% owning and 38.19% renting.

There is a lot of housing in Garland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Garland built between 1940-1969 ( 27.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.46%).

Garland Home Appreciation Rates

In the last 10 years, Garland has experienced some of the highest home appreciation rates of any community in the nation. Garland real estate appreciated 152.86% over the last ten years, which is an average annual home appreciation rate of 9.72%, putting Garland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Garland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Garland appreciation rates have trailed the rest of the nation. In the last twelve months, Garland's appreciation rate has been 3.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Garland were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Texas, our data show that Garland's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Garland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Garland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Garland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$302,471

Garland, TX Home Prices
> $1,385,000
$1,039,001 - $1,385,000
$693,001 - $1,039,000
$554,001 - $693,000
$416,001 - $554,000
$277,001 - $416,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.5%
0.5%
0.2%
0.2%
2.3%
2.3%
4.4%
4.4%
12.5%
12.5%
39.5%
39.5%
35.5%
35.5%
3.5%
3.5%
1.6%
1.6%
0% 100.0%
% of Homes
High

for Texas

Average

for nation

Number of Homes And Apartments:

79,770

Garland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,277 / per month

Homeownership Rate

Owners
Renters
61.8%
61.8%
38.2%
38.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.5%
15.5%
56.9%
56.9%
27.1%
27.1%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.8%
69.8%
3.6%
3.6%
3.8%
3.8%
22.4%
22.4%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
10.7%
10.7%
20.2%
20.2%
46.1%
46.1%
18.3%
18.3%
2.7%
2.7%
0% 100.0%
% of Homes