Garden City, Michigan Housing Market Prices
Garden City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 79% below the Michigan median$29,546
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Median rent 2% above the Michigan median$1,150
Housing Market Overview
| Metric | Garden City | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $29,546 | $138,713 | $248,835 |
| Price Trend (Annual %) | -1.5% | 8.6% | 7.5% |
| Median Gross Rent | $1,150 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 2.1% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Garden City is about 79% lower than in Michigan. Rent is about 2% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Garden City: home prices fell about 1.5% a year while rent rose about 2.1% a year. That is an unusual pattern worth watching.
Median rent in Garden City rose about 19.5% between 2015 and 2024, from $962 to $1,150. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Garden City.
Buying the median-priced home in Garden City costs roughly 2.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Garden City. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Garden City | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $29,546 | $138,713 | $248,835 |
| Median Household Income | $69,715 | $72,977 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Garden City fell about 52.6%, while median household income rose about 19.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Garden City | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 76.1% | 64.6% | 58.5% |
| Rental Rate | 20.1% | 23.6% | 31.2% |
| Vacancy Rate | 3.8% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Garden City has a homeownership rate of 76.1%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 3.8%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Garden City | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1957 | 1972 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Garden City was built around 1957. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Garden City, MI Housing Compared With Nearby Cities
Garden City, MI is the 4th largest of the 5 cities compared here, 26,743 residents against a local median of 72,678. Garden City, MI's median home price, at $29,546, runs 76% below the $121,510 typical of the cities around it.
Homeownership tells the same story from another angle: 79.1% against a local median of 65.9%, 20% above it. The one measure here that carries a verdict is homeownership, and at 20% above the local median it puts Garden City, MI at the better end of the local range. The cities themselves spread $126,683 on median home price, so Garden City, MI sits at one end of an already wide local range rather than apart from it. Garden City, MI has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Garden City, MI | 26,743 | $29,546 #5/5 | $1,150 #5/5 | 79.1% #2/5 |
| Westland, MI | 83,629 | $124,694 | $1,157 | 61.3% |
| Inkster, MI | 25,428 | $97,311 | $1,169 | 46.8% |
| Dearborn Heights, MI | 61,726 | $118,327 | $1,331 | 70.5% |
| Livonia, MI | 93,850 | $223,994 | $1,321 | 87.2% |
Frequently Asked Questions
Common questions about the housing market in Garden City, Michigan.
What is the median home price in Garden City, Michigan?
The median home price in Garden City, Michigan is $29,546, lower than the Michigan average of $138,713.
What is the average home price in Garden City, Michigan?
The typical home price in Garden City, Michigan, reported as the median sale price, is $29,546. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Garden City, Michigan?
The median gross rent in Garden City, Michigan is $1,150 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Garden City in 2020?
In 2020, the median gross rent in Garden City, Michigan was $966 per month.
What is the price-to-rent ratio in Garden City, Michigan?
The price-to-rent ratio in Garden City, Michigan is about 2.1, meaning it would take roughly 2.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Garden City.
Are home prices or rent rising faster in Garden City, Michigan?
Home prices and rent are moving in opposite directions in Garden City: home prices fell about 1.5% a year while rent rose about 2.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Garden City, Michigan?
76.1% of households in Garden City, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Garden City, Michigan?
The housing vacancy rate in Garden City, Michigan is 3.8%, lower than the Michigan average of 11.8%.
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