Garden City, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Garden City Neighborhoods Since 2000




Garden City, KS 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 27,005, 9,283 total housing units (homes and apartments), and a median house value of $112,163, 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 68.11% 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 ( 13.57%), large apartment complexes or high rise apartments ( 10.75%), and a few mobile homes or trailers ( 5.56%).

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 58.94% owning and 41.06% 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 ( 28.80%). A lesser amount of the housing stock also hails from before 1939 ( 13.42%). There's also some housing in Garden City built between 2000 and later ( 6.99%).

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 50.56% over the last ten years, which is an average annual home appreciation rate of 4.18%, 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 6.92%, which is higher than appreciation rates in 80.82% 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 1.04%, which equates to an annual appreciation rate of 4.23%.

Relative to Kansas, our data show that Garden City's latest annual appreciation rate is higher than 90% 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:
$112,163

Garden City, KS HOME PRICES

Value Range
> $1,170,000 0.3
$878,001 - $1,170,000 0.0
$585,001 - $878,000 0.4
$468,001 - $585,000 0.2
$351,001 - $468,000 1.6
$234,001 - $351,000 9.6
$117,001 - $234,000 47.3
$58,001 - $117,000 26.8
$0 - $58,000 13.7

Average for KS
Low for Nation

Value Relative to Nation Value Relative to State
70.0046876831126 42.9078014184397

Number Of Homes And Apartments:
9,283

Garden City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
65.16% 2.95% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$910 / per month

Homeownership Rate

Homeownership
Owners 58.94
Renters 41.06
Vacant 3.73

Housing Market Details

 

Age of Homes

AGE OF Garden City HOMES
2000 or Newer 7.0
1970 - 1999 50.8
1940 - 1969 28.8
1939 or Older 13.4

Types of Homes

TYPE OF Garden City HOMES
Single-Family 68.1
Townhomes 2.0
Small Apt. Buildings 13.6
Apt. Complexes 10.8
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Garden City HOMES
No Bedroom 1.19
1 Bedroom 9.17
2 Bedrooms 25.16
3 Bedrooms 36.65
4 Bedrooms 19.96
5 or more bedrooms 7.87