Garden City appreciation rates and housing market information

Garden City housing market information

With 10,911 people, 4,678 houses or apartments, and a median cost of homes of $233,854, Garden City real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Garden City, accounting for 50.85% of the city's housing units. Other types of housing that are prevalent in Garden City include mobile homes or trailers (29.39%), large apartment complexes or high rise apartments (8.91%), row houses and other attached homes (5.99%), and a few duplexes, homes converted to apartments, or other small apartment buildings (4.55%).

The most prevalent building size and type in Garden City are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 60.05% owning, and 34.44% renting.

There is a lot of housing in Garden City built from 1970-1994, 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 Garden City built from 1995 and later (20.80%). A lesser amount of the housing stock also hails from 1940-1969 (13.81%), and some were built from 1939 and earlier (13.81%).

Garden City home appreciation rates

In the last 10 years, Garden City has experienced some of the highest home appreciation rates of any community in the nation. Garden City real estate appreciated 135.94% over the last ten years, which is an average annual home appreciation rate of 13.59%, putting Garden City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Garden City 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, Garden City appreciation rates have trailed the rest of the nation. In the last twelve months, Garden City's appreciation rate has been -1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Garden City were at -1.15%, which equates to an annual appreciation rate of -4.60%.

Notably, Garden City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Idaho, our data show that Garden City's latest annual appreciation rate is higher than 27% of the other cities and towns in Idaho.