Garden City, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Garden City Neighborhoods Since 2000




Garden City, KS Real Estate Data


Garden City Housing Market Information

With 27,005 people, 9,361 houses or apartments, and a median cost of homes of $138,851, 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 69.17% of the city's housing units. Other types of housing that are prevalent in Garden City include duplexes, homes converted to apartments or other small apartment buildings ( 12.76%), large apartment complexes or high rise apartments ( 9.89%), and a few mobile homes or trailers ( 6.34%).

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 59.70% owning and 40.30% 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 1940-1969 ( 28.23%). A lesser amount of the housing stock also hails from before 1939 ( 14.64%). There's also some housing in Garden City built between 2000 and later ( 6.22%).

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 49.02% over the last ten years, which is an average annual home appreciation rate of 4.07%, 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.

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 5.71%, which is higher than appreciation rates in 70.19% 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 1.82%, which equates to an annual appreciation rate of 7.50%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Garden City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Garden City - 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 2000, to assist you in making the best Garden City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$138,851

Garden City, KS HOME PRICES

Value Range
> $1,177,000 0.1
$883,001 - $1,177,000 0.1
$589,001 - $883,000 0.4
$471,001 - $589,000 0.4
$353,001 - $471,000 1.5
$235,001 - $353,000 9.4
$118,001 - $235,000 46.9
$59,001 - $118,000 28.6
$0 - $59,000 12.8

High for KS
Average for Nation

Value Relative to Nation Value Relative to State
56.3330795807226 28.0141843971631

Number Of Homes And Apartments:
9,361

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 59.70
Renters 40.30
Vacant 3.60

Housing Market Details

 

Age of Homes

AGE OF Garden City HOMES
2000 or Newer 6.2
1970 - 1999 50.9
1940 - 1969 28.2
1939 or Older 14.6

Types of Homes

TYPE OF Garden City HOMES
Single-Family 69.2
Townhomes 1.8
Small Apt. Buildings 12.8
Apt. Complexes 9.9
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Garden City HOMES
No Bedroom 1.05
1 Bedroom 9.44
2 Bedrooms 24.90
3 Bedrooms 37.55
4 Bedrooms 20.22
5 or more bedrooms 6.84

Garden City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
61.61% 2.86% 8 8
* 10 is highest