Garrett Park—20896
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garrett Park
As of Oct '25, the median home price in Garrett Park is $1,047,000, with a year-over-year change of 1.1%. This indicates that home prices in Garrett Park are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,047,000 | 1.1% |
| Single Family | $1,047,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garrett Park
As of July '25, Rentcast reports the average rent in Garrett Park is $3,620, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Garrett Park is 3-bedrooms: $3,600, 4-bedrooms: $3,650. The most common rental property sizes in Garrett Park are 3-bedroom and 2-bedroom, accounting for 37.5% and 18.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $3,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,600 | $3,600 |
| 4 Bed Rent | $3,650 | $3,650 |
% of Rental Stock
Property Listings — Garrett Park
As of Oct '25, Realtor.com reports that the median days on market for a home in Garrett Park is 27. This is a decrease of -45.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 100.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,550,000 | 8.0% |
Listing Count | 2 | -45.0% |
| Listings as % of Homes | 0.3% | -45.0% |
Days on Market | 27 | -45.0% |
Demographics — Garrett Park
As of the latest ACS Survey released in 2023, Garrett Park has a population of 890, which has decreased by -4.2% over the past 5 years. Garrett Park is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 88.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 53.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 890 | -4.2% |
% Under 18 | 19.7% | -25.1% |
% Seniors | 26.0% | 9.2% |
% WFH | 53.5% | 183.1% |
% w/ College Degree | 88.4% | 6.5% |
As of the latest ACS Survey released in 2023, Garrett Park is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Garrett Park is asian, making up 7.5% of the population. Foreign-born residents account for 9.9% of the population in Garrett Park, and this percentage has increased by 2.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.5% | -1.7% |
% Black | 0.4% | -86.2% |
% Hispanic | 5.7% | -50.4% |
% Asian | 7.5% | 400.0% |
% Foreign Born | 9.9% | 2.1% |
Mortgage and Risk — Garrett Park
Garrett Park lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Garrett Park
Garrett Park lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,340 |
| 2 Bedroom | N/A | N/A | $2,640 |
| 3 Bedroom | -$300 | $3,600 | $3,300 |
| 4 Bedroom | $250 | $3,650 | $3,900 |
Affordability — Garrett Park
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $1,047,000 |
| Median Household Income | $250,000 |