Garden City, MI 48135 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Garden City, MI—48135

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$197,000

2.8% YoY Growth

Household Income

$64,400

19.0% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,400

12.5% YoY Growth

1-Bed Rent

$1,000

14.4% YoY Growth

2-Bed Rent

$1,240

2.9% YoY Growth

3-Bed Rent

$1,700

3.5% YoY Growth

Home Price Trends — Garden City, MI

As of Nov '25, the median home price in Garden City, MI is $197,000, with a year-over-year change of 2.8%. This indicates that home prices in Garden City, MI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$197,000	2.8%
Single Family	$197,000	2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Garden City, MI

As of July '25, Rentcast reports the average rent in Garden City, MI is $1,400, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Garden City, MI is studios: $950, 1-bedrooms: $1,000, 2-bedrooms: $1,350, 3-bedrooms: $1,660, 4-bedrooms: $1,890. The most common rental property sizes in Garden City, MI are 3-bedroom and 1-bedroom, accounting for 39.3% and 27.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,400
Studio Rent	$950	$950
1 Bed Rent	$1,000	$1,000
2 Bed Rent	$1,240	$1,350
3 Bed Rent	$1,700	$1,660
4 Bed Rent	$1,700	$1,890

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% of Rental Stock

Studio

2.7%

1 Bedroom

27.7%

2 Bedrooms

27.7%

3 Bedrooms

39.3%

4 Bedrooms

2.2%

5+ Bedrooms

0.4%

Property Listings — Garden City, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Garden City, MI is 32. 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$229,000	12.0%
Listing Count	78	9.0%
Listings as % of Homes	0.4%	9.0%
Days on Market	32	18.0%

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Demographics — Garden City, MI

As of the latest ACS Survey released in 2023, Garden City, MI has a population of 26,900, which has remained stable by 0.4% over the past 5 years. Garden City, MI is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,900	0.4%
% Under 18	20.5%	1.5%
% Seniors	16.1%	6.6%
% WFH	7.8%	188.9%
% w/ College Degree	14.6%	28.1%

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As of the latest ACS Survey released in 2023, Garden City, MI is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Garden City, MI is black, making up 6.7% of the population. Foreign-born residents account for 3.9% of the population in Garden City, MI, and this percentage has decreased by 23.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.1%	-8.5%
% Black	6.7%	157.7%
% Hispanic	5.4%	38.5%
% Asian	0.9%	-18.2%
% Foreign Born	3.9%	-23.5%

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Mortgage and Risk — Garden City, MI

According to HUD data as of 2023, there were 557 mortgage originations in Garden City, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Garden City, MI. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	557
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Garden City, MI

As of 2024, the percent of homes in Garden City, MI under the Section 8 program is 11.0%. 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 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Garden City, MI, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	253
Total Units Section 8	249
% Rentals under Section 8	11.0%
% Occupied Section 8	92.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$50	$1,000	$1,050
2 Bedroom	$90	$1,240	$1,330
3 Bedroom	-$70	$1,700	$1,630
4 Bedroom	$60	$1,700	$1,760

Garden City, MI—48135

Key Metrics at a Glance

Home Price Trends — Garden City, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Garden City, MI

% of Rental Stock

Property Listings — Garden City, MI

Demographics — Garden City, MI

Race and Ethnicity

Mortgage and Risk — Garden City, MI

Mortgages

Rentals and Section 8 — Garden City, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Garden City, MI

Home Price to Income Ratio

Garden City, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Inkster, MI

Westland, MI

Westland, MI

Livonia, MI

Dearborn Heights, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$197,000
Median Household Income	$64,400

Garden City, MI—48135

Key Metrics at a Glance

Home Price Trends — Garden City, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Garden City, MI

% of Rental Stock

Property Listings — Garden City, MI

Demographics — Garden City, MI

Race and Ethnicity

Mortgage and Risk — Garden City, MI

Mortgages

Rentals and Section 8 — Garden City, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Garden City, MI

Home Price to Income Ratio

Garden City, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Inkster, MI

Westland, MI

Westland, MI

Livonia, MI

Dearborn Heights, MI

Frequently Asked Questions

What is the average home price in Garden City, MI 48135?

How have home prices in Garden City, MI 48135 changed over the past year?

What is the home price projection for Garden City, MI 48135?

What are the demographics of Garden City, MI 48135?

How long does it take homes to sell in Garden City, MI 48135?

What is the average rent price in Garden City, MI 48135?