Garden City, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Garden City, GA Real Estate Data


Garden City Housing Market Information

With 8,999 people, 3,428 houses or apartments, and a median cost of homes of $114,627, 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 39.44% of the city's housing units. Other types of housing that are prevalent in Garden City include mobile homes or trailers ( 27.18%), duplexes, homes converted to apartments or other small apartment buildings ( 18.18%), and a few large apartment complexes or high rise apartments ( 11.50%).

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.

There is a lot of housing in Garden City 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 Garden City built between 1940-1969 ( 38.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.28%). There's also some housing in Garden City built before 1939 ( 4.05%).

Vacant housing appears to be an issue in Garden City. Fully 12.60% of the housing stock is classified as vacant. Left unchecked, vacant Garden City homes and apartments can be a drag on the real estate market, holding Garden City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Garden City Home Appreciation Rates

Garden City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Garden City during the period has been just -1.14%, which is lower than 70% of US communities.

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 -0.15%, 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 5.30%, which equates to an annual appreciation rate of 22.92%.

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 lower than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$114,627

Garden City, GA HOME PRICES

Value Range
> $1,138,000 0.9
$853,001 - $1,138,000 0.0
$569,001 - $853,000 1.3
$455,001 - $569,000 0.9
$341,001 - $455,000 0.1
$227,001 - $341,000 6.2
$114,001 - $227,000 40.0
$57,001 - $114,000 19.3
$0 - $57,000 31.3

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
69.5086959067752 57.2938689217759

Number Of Homes And Apartments:
3,428

Rent & Ownership

 

Average Market Rent:
$975 / per month

Homeownership Rate

Homeownership
Owners 37.81
Renters 62.19
Vacant 12.60

Housing Market Details

 

Age of Homes

AGE OF Garden City HOMES
2000 or Newer 9.3
1970 - 1999 47.8
1940 - 1969 38.9
1939 or Older 4.1

Types of Homes

TYPE OF Garden City HOMES
Single-Family 39.4
Townhomes 2.1
Small Apt. Buildings 18.2
Apt. Complexes 11.5
Mobile Homes 27.2
Other 1.6

Home Size

SIZE OF Garden City HOMES
No Bedroom 1.53
1 Bedroom 7.11
2 Bedrooms 51.99
3 Bedrooms 34.98
4 Bedrooms 4.26
5 or more bedrooms 0.13

Garden City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
29.68% 1.54% 7 3
* 10 is highest

Popular Neighborhoods in Garden City

Zip Codes in Garden City, GA