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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Garden City, NY 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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, NY Housing Market Trends

With a population of 22,891, 7,579 total housing units (homes and apartments), and a median house value of $1,118,050, Garden City house prices are not only among the most expensive in New York, Garden City real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Garden City, accounting for 81.91% of the village's housing units. Other types of housing that are prevalent in Garden City include large apartment complexes or high rise apartments ( 16.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Garden City. Owner-occupied housing accounts for 88.87% of Garden City's homes, and 66.15% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Garden City's housing was primarily built during this period, from the '40s through the '60s. A full 54.44% of the village's housing hails from this era. Other housing ages represented in Garden City include homes built before 1939 ( 36.31%) and housing constructed between 1970-1999 ( 7.76%). There's also some housing in Garden City built between 2000 and later ( 1.50%).

Garden City Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Garden City, where house values have increased just 48.84%, which is annualized rate of 4.06%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Garden City's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Garden City's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

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

One very important thing to keep in mind is that these are average appreciation rates for the village. 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

$1,118,050

Garden City, NY Home Prices
> $1,129,000
$847,001 - $1,129,000
$564,001 - $847,000
$452,001 - $564,000
$339,001 - $452,000
$226,001 - $339,000
$113,001 - $226,000
$57,001 - $113,000
$0 - $57,000
47.3%
47.3%
35.7%
35.7%
7.6%
7.6%
2.2%
2.2%
1.9%
1.9%
2.3%
2.3%
1.0%
1.0%
1.3%
1.3%
0.5%
0.5%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

7,579

Garden City Appreciation Rates

Rent & Ownership

Average Market Rent:

$5,727 / per month

Homeownership Rate

Owners
Renters
88.9%
88.9%
11.1%
11.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.7%
4.7%
95.3%
95.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.5%
1.5%
7.8%
7.8%
54.4%
54.4%
36.3%
36.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.9%
81.9%
0.8%
0.8%
0.5%
0.5%
16.6%
16.6%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
9.4%
9.4%
7.8%
7.8%
33.6%
33.6%
32.6%
32.6%
16.3%
16.3%
0% 100.0%
% of Homes