Garland, TX—75043
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 $285,000, with a year-over-year change of -6.0%. This indicates that home prices in Garland, TX are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | -6.0% |
| Single Family | $291,000 | -6.1% |
| Condos | $127,000 | -9.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $112,000 | -8.2% |
2 Bed | $165,000 | -10.3% |
3 Bed | $274,000 | -6.8% |
4 Bed | $358,000 | -4.3% |
| 5 Bed | $518,000 | -1.9% |
% of Housing Stock
Rental Trends — Garland, TX
As of July '25, Rentcast reports the average rent in Garland, TX is $1,820, with a year-over-year rent change of 15.9%. Per bedroom, the median rent as of July '25 in Garland, TX is studios: $1,050, 1-bedrooms: $1,060, 2-bedrooms: $1,490, 3-bedrooms: $2,160, 4-bedrooms: $2,730. The most common rental property sizes in Garland, TX are 2-bedroom and 1-bedroom, accounting for 32.4% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,820 |
| Studio Rent | $1,050 | $1,050 |
| 1 Bed Rent | $1,030 | $1,060 |
| 2 Bed Rent | $1,460 | $1,490 |
| 3 Bed Rent | $2,150 | $2,160 |
| 4 Bed Rent | $2,500 | $2,730 |
% 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 68. This is a increase of 18.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | -9.0% |
Listing Count | 307 | 32.0% |
| Listings as % of Homes | 0.6% | 32.0% |
Days on Market | 68 | 18.0% |
Demographics — Garland, TX
As of the latest ACS Survey released in 2023, Garland, TX has a population of 63,700, which has increased by 3.7% 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 24.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,700 | 3.7% |
% Under 18 | 25.8% | -4.8% |
% Seniors | 12.2% | -0.8% |
% WFH | 11.2% | 187.2% |
% w/ College Degree | 24.6% | -5.4% |
As of the latest ACS Survey released in 2023, Garland, TX is a predominantly hispanic area, with 36.5% of the population identifying as hispanic. The hispanic population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Garland, TX is white, making up 29.6% of the population. Foreign-born residents account for 24.0% of the population in Garland, TX, and this percentage has increased by 12.1% 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 | 29.6% | -14.9% |
% Black | 21.4% | -4.9% |
% Hispanic | 36.5% | 14.8% |
% Asian | 7.5% | -10.7% |
% Foreign Born | 24.0% | 12.1% |
Mortgage and Risk — Garland, TX
According to HUD data as of 2023, there were 149 mortgage originations in Garland, TX, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Garland, TX. Investor activity is low, as 1.0% 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 | 149 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% 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 9.9%. 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 | 897 |
Total Units Section 8 | 858 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 79.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,030 | $1,540 |
| 2 Bedroom | $350 | $1,460 | $1,810 |
| 3 Bedroom | $120 | $2,150 | $2,270 |
| 4 Bedroom | $410 | $2,500 | $2,910 |
Affordability — Garland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $285,000 |
| Median Household Income | $75,500 |