Garland, TX—75042
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 $271,000, with a year-over-year change of -6.7%. This indicates that home prices in Garland, TX are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | -6.7% |
| Single Family | $272,000 | -6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | -6.1% |
3 Bed | $269,000 | -6.9% |
4 Bed | $301,000 | -6.2% |
| 5 Bed | $333,000 | -5.1% |
% of Housing Stock
Rental Trends — Garland, TX
As of July '25, Rentcast reports the average rent in Garland, TX is $1,900, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Garland, TX is studios: $1,480, 1-bedrooms: $1,180, 2-bedrooms: $1,590, 3-bedrooms: $2,120, 4-bedrooms: $2,310. The most common rental property sizes in Garland, TX are 2-bedroom and 1-bedroom, accounting for 32.4% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,900 |
| Studio Rent | $879 | $1,480 |
| 1 Bed Rent | $1,210 | $1,180 |
| 2 Bed Rent | $1,600 | $1,590 |
| 3 Bed Rent | $2,100 | $2,120 |
| 4 Bed Rent | $2,350 | $2,310 |
% 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 50. This is a increase of 22.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | -9.0% |
Listing Count | 105 | 25.0% |
| Listings as % of Homes | 0.6% | 25.0% |
Days on Market | 50 | 22.0% |
Demographics — Garland, TX
As of the latest ACS Survey released in 2023, Garland, TX has a population of 38,000, which has decreased by -2.9% over the past 5 years. Garland, TX is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,000 | -2.9% |
% Under 18 | 28.2% | -4.4% |
% Seniors | 11.3% | 11.9% |
% WFH | 5.9% | 156.5% |
% w/ College Degree | 15.8% | 16.2% |
As of the latest ACS Survey released in 2023, Garland, TX is a predominantly hispanic area, with 55.3% of the population identifying as hispanic. The hispanic population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Garland, TX is asian, making up 16.1% of the population. Foreign-born residents account for 41.9% of the population in Garland, TX, and this percentage has increased by 8.8% 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 | 15.0% | -25.4% |
% Black | 11.4% | 16.3% |
% Hispanic | 55.3% | -1.4% |
% Asian | 16.1% | 21.1% |
% Foreign Born | 41.9% | 8.8% |
Mortgage and Risk — Garland, TX
According to HUD data as of 2023, there were 78 mortgage originations in Garland, TX, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Garland, TX. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Garland, TX
As of 2024, the percent of homes in Garland, TX under the Section 8 program is 6.1%. 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 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 and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 299 |
Total Units Section 8 | 260 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,210 | $1,360 |
| 2 Bedroom | -$10 | $1,600 | $1,590 |
| 3 Bedroom | -$110 | $2,100 | $1,990 |
| 4 Bedroom | $210 | $2,350 | $2,560 |
Affordability — Garland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $271,000 |
| Median Household Income | $63,500 |