Garden Lakes—30149
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garden Lakes
Garden Lakes lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garden Lakes
Garden Lakes lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Garden Lakes
Garden Lakes lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Garden Lakes
As of the latest ACS Survey released in 2023, Garden Lakes has a population of 1,810, which has decreased by -6.7% over the past 5 years. Garden Lakes is a less popular place for families, as children make up 2.3% of the population. The area has a highly educated workforce, with 87.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,810 | -6.7% |
% Under 18 | 2.3% | -23.3% |
% Seniors | 1.2% | 140.0% |
% WFH | 18.2% | 111.6% |
% w/ College Degree | 87.3% | -10.4% |
As of the latest ACS Survey released in 2023, Garden Lakes is a predominantly white area, with 70.1% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Garden Lakes is black, making up 15.7% of the population. Foreign-born residents account for 6.9% of the population in Garden Lakes, and this percentage has increased by 60.5% 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 | 70.1% | -11.9% |
% Black | 15.7% | 31.9% |
% Hispanic | 3.5% | -27.1% |
% Asian | 9.0% | 210.3% |
% Foreign Born | 6.9% | 60.5% |
Mortgage and Risk — Garden Lakes
According to HUD data as of 2023, there were 16 mortgage originations in Garden Lakes, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Garden Lakes. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 16 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Garden Lakes
Garden Lakes lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,200 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Garden Lakes
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |