Garden City, ID
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Garden City Neighborhoods Since 2000




Garden City, ID 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 a population of 11,550, 5,119 total housing units (homes and apartments), and a median house value of $212,430, 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 54.36% of the city's housing units. Other types of housing that are prevalent in Garden City include mobile homes or trailers ( 20.50%), large apartment complexes or high rise apartments ( 10.28%), and a few row houses and other attached homes ( 10.00%).

The most prevalent building size and type in Garden City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.42% owning and 41.58% renting.

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 2000 and later ( 23.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.11%). There's also some housing in Garden City built before 1939 ( 1.40%).

Garden City Home Appreciation Rates

Real estate appreciation rates in Garden City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.69% during the period.

Appreciation rates are so strong in Garden City that despite a nationwide downturn in the housing market, Garden City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Garden City appreciation rates continue to be some of the highest in America, at 8.23%, which is higher than appreciation rates in 87.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Garden City. Garden City appreciation rates in the latest quarter were at 1.63%, which equates to an annual appreciation rate of 6.67%.

Relative to Idaho, our data show that Garden City's latest annual appreciation rate is higher than 80% of the other cities and towns in Idaho.

Average Home Values

 

Median Home Value:
$212,430

Garden City, ID HOME PRICES

Value Range
> $1,303,000 0.9
$977,001 - $1,303,000 1.2
$651,001 - $977,000 2.3
$521,001 - $651,000 4.6
$391,001 - $521,000 5.6
$261,001 - $391,000 15.4
$130,001 - $261,000 41.6
$65,001 - $130,000 13.0
$0 - $65,000 15.2

High for ID
High for Nation

Value Relative to Nation Value Relative to State
29.321457869448 26.8292682926829

Number Of Homes And Apartments:
5,119

Garden City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ID*
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
55.61% 2.60% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,060 / per month

Homeownership Rate

Homeownership
Owners 58.42
Renters 41.58
Vacant 5.73

Housing Market Details

 

Age of Homes

AGE OF Garden City HOMES
2000 or Newer 23.1
1970 - 1999 65.4
1940 - 1969 10.1
1939 or Older 1.4

Types of Homes

TYPE OF Garden City HOMES
Single-Family 54.4
Townhomes 10.0
Small Apt. Buildings 4.9
Apt. Complexes 10.3
Mobile Homes 20.5
Other 0.0

Home Size

SIZE OF Garden City HOMES
No Bedroom 1.86
1 Bedroom 8.95
2 Bedrooms 36.85
3 Bedrooms 41.38
4 Bedrooms 9.58
5 or more bedrooms 1.38

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Zip Codes in Garden City, ID