Garland, TX—75041
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 $243,000, with a year-over-year change of -8.1%. This indicates that home prices in Garland, TX are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $243,000 | -8.1% |
| Single Family | $244,000 | -8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | -8.8% |
3 Bed | $244,000 | -8.6% |
4 Bed | $311,000 | -6.3% |
| 5 Bed | $406,000 | -7.3% |
% of Housing Stock
Rental Trends — Garland, TX
As of July '25, Rentcast reports the average rent in Garland, TX is $1,580, with a year-over-year rent change of -18.1%. Per bedroom, the median rent as of July '25 in Garland, TX is 1-bedrooms: $1,070, 2-bedrooms: $1,350, 3-bedrooms: $1,880, 4-bedrooms: $2,170. The most common rental property sizes in Garland, TX are 2-bedroom and 3-bedroom, accounting for 35.8% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,040 | $1,070 |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $1,850 | $1,880 |
| 4 Bed Rent | $2,100 | $2,170 |
% 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 42. This is a increase of 6.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -9.0% |
Listing Count | 86 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 42 | 6.0% |
Demographics — Garland, TX
As of the latest ACS Survey released in 2023, Garland, TX has a population of 32,000, which has remained stable by -0.9% over the past 5 years. Garland, TX is a popular place for families, as children make up 29.4% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,000 | -0.9% |
% Under 18 | 29.4% | -7.5% |
% Seniors | 10.0% | 3.1% |
% WFH | 9.4% | 248.1% |
% w/ College Degree | 15.3% | 24.4% |
As of the latest ACS Survey released in 2023, Garland, TX is a predominantly hispanic area, with 69.8% of the population identifying as hispanic. The hispanic population has grown by 10.3% in the last 5 years. The second most common race or ethnicity in Garland, TX is white, making up 19.7% of the population. Foreign-born residents account for 34.2% of the population in Garland, TX, and this percentage has increased by 0.3% 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 | 19.7% | -21.8% |
% Black | 5.9% | -19.2% |
% Hispanic | 69.8% | 10.3% |
% Asian | 2.3% | -8.0% |
% Foreign Born | 34.2% | 0.3% |
Mortgage and Risk — Garland, TX
According to HUD data as of 2023, there were 270 mortgage originations in Garland, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 43.0% 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. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 270 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Garland, TX
As of 2024, the percent of homes in Garland, TX under the Section 8 program is 1.3%. 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. In Garland, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 101 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,040 | $1,400 |
| 2 Bedroom | $290 | $1,350 | $1,640 |
| 3 Bedroom | $210 | $1,850 | $2,060 |
| 4 Bedroom | $540 | $2,100 | $2,640 |
Affordability — Garland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $243,000 |
| Median Household Income | $68,700 |