Garden City appreciation rates and housing market information

Garden City housing market information

With 11,224 people, 4,387 houses or apartments, and a median cost of homes of $130,500, house prices in Garden City are solidly below the national average.

single-family detached homes are the single most common housing type in Garden City, accounting for 42.67% of the city's housing units. Other types of housing that are prevalent in Garden City include mobile homes or trailers (27.85%), duplexes, homes converted to apartments, or other small apartment buildings (17.62%), large apartment complexes or high rise apartments (10.01%), and a few row houses and other attached homes (1.07%).

People in Garden City primarily live in small (one, two, or no bedroom) single-family detached homes. Garden City has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Garden City's housing was primarily built during this period, from the '40s through the '60s. A full 44.45% of the city's housing hails from this era. Other housing ages represented in Garden City include homes built between 1970-1994 (42.88%), and housing constructed from 1995 and later (8.21%). There's also some housing in Garden City built between 1939 and earlier (4.46%).

Garden City home appreciation rates

Appreciation rates for homes in Garden City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.18%, which ranks in the top 30% nationwide. This equates to an annual average Garden City house appreciation rate of 10.11%.

NeighborhoodScout's data show that during the latest twelve months, Garden City home appreciation rates, at 1.66%, have been at or slightly above the national average. In the latest quarter, Garden City's appreciation rate has been 1.14%, which annualizes to a rate of 4.56%.

Importantly, this makes Garden City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Garden City's latest annual appreciation rate is higher than 25% of the other cities and towns in Georgia.