Garland, Texas Housing Market Prices
Garland 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 14% below the Texas median$223,834
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Median rent 17% above the Texas median$1,639
Housing Market Overview
| Metric | Garland | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,834 | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,639 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Garland is about 14% lower than in Texas. Rent is about 17% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Garland, up about 9.4% and 6.8% a year respectively. Home prices are changing faster.
Median rent in Garland rose about 72.5% between 2015 and 2024, from $950 to $1,639. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Garland.
Buying the median-priced home in Garland costs roughly 11.4 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 Garland. The price-to-rent ratio in Texas is about 15.4.
| Metric | Garland | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,834 | $258,873 | $248,835 |
| Median Household Income | $76,558 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Garland rose about 108.0%, while median household income rose about 44.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Garland | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 56.7% | 58.5% |
| Rental Rate | 37.0% | 33.9% | 31.2% |
| Vacancy Rate | 4.7% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Garland has a homeownership rate of 58.3%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.7%, compared with 9.4% in Texas.
Housing Stock
| Metric | Garland | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.00 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1982 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Garland was built around 1982. On average, 3.0 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Garland, TX Housing Compared With Nearby Cities
How Garland, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Garland, TX | 238,307 | $223,834 #2/3 | $1,639 #3/3 | 61.2% #2/3 |
| Rowlett, TX | 48,896 | $375,465 | $2,005 | 76.0% |
| Richardson, TX | 115,321 | $103,134 | $1,865 | 51.8% |
Frequently Asked Questions
Common questions about the housing market in Garland, Texas.
What is the median home price in Garland, Texas?
The median home price in Garland, Texas is $223,834, lower than the Texas average of $258,873.
What is the average home price in Garland, Texas?
The typical home price in Garland, Texas, reported as the median sale price, is $223,834. 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 Garland, Texas?
The median gross rent in Garland, Texas is $1,639 per month, higher than the Texas average of $1,402.
What was the median gross rent in Garland in 2020?
In 2020, the median gross rent in Garland, Texas was $1,181 per month.
What is the price-to-rent ratio in Garland, Texas?
The price-to-rent ratio in Garland, Texas is about 11.4, meaning it would take roughly 11.4 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 Garland.
Are home prices or rent rising faster in Garland, Texas?
Both home prices and rent are rising in Garland, up about 9.4% and 6.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Garland, Texas?
58.3% of households in Garland, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Garland, Texas?
The housing vacancy rate in Garland, Texas is 4.7%, lower than the Texas average of 9.4%.
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