Garden City, KS Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Garden City, KS Housing Market Trends

With a population of 26,408, 9,296 total housing units (homes and apartments), and a median house value of $150,278, 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 66.79% 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 ( 12.77%), large apartment complexes or high rise apartments ( 10.04%), and a few mobile homes or trailers ( 7.77%).

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 58.40% owning and 41.60% 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 ( 29.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.66%). There's also some housing in Garden City built before 1939 ( 7.53%).

Garden City Home Appreciation Rates

Appreciation rates for homes in Garden City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 47.93%, which ranks in the top 30% nationwide. This equates to an annual average Garden City house appreciation rate of 3.99%.

NeighborhoodScout's data show that during the latest twelve months, Garden City's appreciation rate, at 5.23%, has been at or slightly above the national average. In the latest quarter, Garden City's appreciation rate has been 2.48%, which annualizes to a rate of 10.29%.

Relative to Kansas, our data show that Garden City's latest annual appreciation rate is higher 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:
$150,278

Garden City, KS HOME PRICES

> $1,178,000
0.7%
0.7%
$884,001 - $1,178,000
0.0%
0.0%
$589,001 - $884,000
0.2%
0.2%
$471,001 - $589,000
1.1%
1.1%
$353,001 - $471,000
3.5%
3.5%
$235,001 - $353,000
14.4%
14.4%
$118,001 - $235,000
52.4%
52.4%
$59,001 - $118,000
15.7%
15.7%
$0 - $59,000
11.9%
11.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for KS

Value Relative To Nation

Number Of Homes And Apartments:
9,296

Garden City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
92.08% 3.16%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,037 / per month

Homeownership Rate

Owners
58.4%
58.4%
Renters
41.6%
41.6%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.7%
9.7%
1970 - 1999
53.6%
53.6%
1940 - 1969
29.2%
29.2%
1939 or Older
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.8%
66.8%
Townhomes
2.5%
2.5%
Small Apt. Buildings
12.8%
12.8%
Apt. Complexes
10.0%
10.0%
Mobile Homes
7.8%
7.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
8.3%
8.3%
2 Bedrooms
29.6%
29.6%
3 Bedrooms
35.3%
35.3%
4 Bedrooms
17.1%
17.1%
5 or more bedrooms
8.6%
8.6%
0.0% 100.0%
% OF HOMES