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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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%).
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.
$302,471
for Texas
for nation
79,770
$2,277 / per month