Garden City, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Garden City, GA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Garden City Housing Market Information

With 8,999 people, 3,506 houses or apartments, and a median cost of homes of $132,012, 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 43.40% of the city's housing units. Other types of housing that are prevalent in Garden City include mobile homes or trailers ( 25.99%), duplexes, homes converted to apartments or other small apartment buildings ( 17.25%), and a few large apartment complexes or high rise apartments ( 10.81%).

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 ( 40.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.89%). There's also some housing in Garden City built before 1939 ( 3.36%).

Vacant housing appears to be an issue in Garden City. Fully 10.65% 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 -1.59%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Garden City's appreciation rate, at 4.08%, has been at or slightly above the national average. In the latest quarter, Garden City's appreciation rate has been 1.26%, which annualizes to a rate of 5.15%.

Relative to Georgia, our data show that Garden City's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$132,012

Garden City, GA HOME PRICES

Value Range
> $1,132,000 1.5
$849,001 - $1,132,000 0.0
$566,001 - $849,000 1.8
$453,001 - $566,000 0.8
$340,001 - $453,000 0.1
$226,001 - $340,000 7.0
$113,001 - $226,000 47.5
$57,001 - $113,000 22.6
$0 - $57,000 18.7

Average for GA
Average for Nation

Value Relative to Nation Value Relative to State
58.801125043947 44.6088794926004

Number Of Homes And Apartments:
3,506

Garden City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.04% 1.44% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 37.68
Renters 62.32
Vacant 10.65

Housing Market Details

 

Age of Homes

AGE OF Garden City HOMES
2000 or Newer 8.9
1970 - 1999 47.1
1940 - 1969 40.6
1939 or Older 3.4

Types of Homes

TYPE OF Garden City HOMES
Single-Family 43.4
Townhomes 1.8
Small Apt. Buildings 17.3
Apt. Complexes 10.8
Mobile Homes 26.0
Other 0.8

Home Size

SIZE OF Garden City HOMES
No Bedroom 0.46
1 Bedroom 7.14
2 Bedrooms 49.41
3 Bedrooms 37.10
4 Bedrooms 5.76
5 or more bedrooms 0.13

Popular Neighborhoods in Garden City

Zip Codes in Garden City, GA