Garland appreciation rates and housing market information

Garland housing market information

With 215,991 people, 75,277 houses or apartments, and a median cost of homes of $136,081, house prices in Garland are solidly below the national average.

single-family detached homes are the single most common housing type in Garland, accounting for 71.14% of the city's housing units. Other types of housing that are prevalent in Garland include large apartment complexes or high rise apartments (20.17%), duplexes, homes converted to apartments, or other small apartment buildings (4.40%), and a few row houses and other attached homes (4.16%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Garland. Owner-occupied housing accounts for 63.82% of Garland's homes, and 62.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Garland 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 Garland built from 1940-1969 (28.88%). A lesser amount of the housing stock also hails from 1995 and later (6.10%), and some were built from 1939 and earlier (6.10%).

Garland home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Garland, where house values have increased just 32.65%, which is an average annual increase of 3.26%. NeighborhoodScout's data show that in the latest quarter, Garland house values appreciated 0.32%, which is an annualized rate of 1.28%. This rate is lower than the appreciation rate found in 50% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Garland home appreciation rates, at 0.85%, have been at or slightly above the national average. In the latest quarter, Garland's appreciation rate has been 0.32%, which annualizes to a rate of 1.28%.

Relative to Texas, our data show that Garland's latest annual appreciation rate is higher than 10% 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 1990, to assist you in making the best Garland real estate investment or home purchase decisions.