Garland, TX—75040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garland, TX
As of Oct '25, the median home price in Garland, TX is $277,000, with a year-over-year change of -5.5%. This indicates that home prices in Garland, TX are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | -5.5% |
| Single Family | $277,000 | -6.1% |
| Condos | $154,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $190,000 | -8.2% |
3 Bed | $276,000 | -5.8% |
4 Bed | $350,000 | -4.4% |
| 5 Bed | $452,000 | -4.0% |
% of Housing Stock
Rental Trends — Garland, TX
As of July '25, Rentcast reports the average rent in Garland, TX is $2,040, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Garland, TX is studios: $1,520, 1-bedrooms: $1,410, 2-bedrooms: $1,980, 3-bedrooms: $2,240, 4-bedrooms: $2,520. The most common rental property sizes in Garland, TX are 3-bedroom and 2-bedroom, accounting for 34.2% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,040 |
| Studio Rent | $1,230 | $1,520 |
| 1 Bed Rent | $1,410 | $1,410 |
| 2 Bed Rent | $1,900 | $1,980 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,500 | $2,520 |
% of Rental Stock
Property Listings — Garland, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Garland, TX is 63. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | -4.0% |
Listing Count | 189 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 63 | 44.0% |
Demographics — Garland, TX
As of the latest ACS Survey released in 2023, Garland, TX has a population of 64,200, which has increased by 1.7% over the past 5 years. Garland, TX is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,200 | 1.7% |
% Under 18 | 25.8% | -5.1% |
% Seniors | 12.4% | 19.2% |
% WFH | 9.1% | 122.0% |
% w/ College Degree | 23.0% | 27.8% |
As of the latest ACS Survey released in 2023, Garland, TX is a predominantly hispanic area, with 48.5% of the population identifying as hispanic. The hispanic population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Garland, TX is white, making up 21.2% of the population. Foreign-born residents account for 32.9% of the population in Garland, TX, and this percentage has increased by 12.7% 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 | 21.2% | -17.5% |
% Black | 15.0% | 19.0% |
% Hispanic | 48.5% | 0.2% |
% Asian | 11.4% | 3.6% |
% Foreign Born | 32.9% | 12.7% |
Mortgage and Risk — Garland, TX
According to HUD data as of 2023, there were 278 mortgage originations in Garland, TX, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Garland, TX. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 278 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Garland, TX
As of 2024, the percent of homes in Garland, TX under the Section 8 program is 6.7%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Garland, TX, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 425 |
Total Units Section 8 | 425 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,410 | $1,590 |
| 2 Bedroom | -$40 | $1,900 | $1,860 |
| 3 Bedroom | $130 | $2,200 | $2,330 |
| 4 Bedroom | $490 | $2,500 | $2,990 |
Affordability — Garland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $277,000 |
| Median Household Income | $73,500 |