Garden City, GA—31408
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garden City, GA
As of Oct '25, the median home price in Garden City, GA is $256,000, with a year-over-year change of -4.3%. This indicates that home prices in Garden City, GA are decreasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | -4.3% |
| Single Family | $256,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | -6.5% |
3 Bed | $242,000 | -3.2% |
4 Bed | $303,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garden City, GA
As of July '25, Rentcast reports the average rent in Garden City, GA is $1,580, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Garden City, GA is 1-bedrooms: $1,200, 2-bedrooms: $1,420, 3-bedrooms: $1,630, 4-bedrooms: $3,080. The most common rental property sizes in Garden City, GA are 2-bedroom and 3-bedroom, accounting for 45.6% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,200 |
| 2 Bed Rent | $1,450 | $1,420 |
| 3 Bed Rent | $1,600 | $1,630 |
| 4 Bed Rent | $2,350 | $3,080 |
% of Rental Stock
Property Listings — Garden City, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Garden City, GA is 53. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | -2.0% |
Listing Count | 19 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 53 | 0.0% |
Demographics — Garden City, GA
As of the latest ACS Survey released in 2023, Garden City, GA has a population of 11,800, which has increased by 12.1% over the past 5 years. Garden City, GA is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | 12.1% |
% Under 18 | 22.5% | 4.7% |
% Seniors | 9.8% | -15.5% |
% WFH | 3.7% | 146.7% |
% w/ College Degree | 12.6% | 7.7% |
As of the latest ACS Survey released in 2023, Garden City, GA is a predominantly black area, with 46.7% of the population identifying as black. The black population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Garden City, GA is white, making up 29.3% of the population. Foreign-born residents account for 12.1% of the population in Garden City, GA, and this percentage has decreased by 4.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.3% | -3.0% |
% Black | 46.7% | -4.5% |
% Hispanic | 19.2% | 4.3% |
% Asian | 2.0% | 11.1% |
% Foreign Born | 12.1% | -4.0% |
Mortgage and Risk — Garden City, GA
According to HUD data as of 2023, there were 58 mortgage originations in Garden City, GA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Garden City, GA. Investor activity is low, as 9.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Garden City, GA
As of 2024, the percent of homes in Garden City, GA under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Garden City, GA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 166 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,350 | $1,160 |
| 2 Bedroom | -$140 | $1,450 | $1,310 |
| 3 Bedroom | $180 | $1,600 | $1,780 |
| 4 Bedroom | -$270 | $2,350 | $2,080 |
Affordability — Garden City, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $256,000 |
| Median Household Income | $40,100 |