Garland, TX—75044
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 $334,000, with a year-over-year change of -6.5%. 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 | $334,000 | -6.5% |
| Single Family | $335,000 | -6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | -8.7% |
3 Bed | $310,000 | -7.5% |
4 Bed | $467,000 | -3.7% |
| 5 Bed | $621,000 | -3.6% |
% of Housing Stock
Rental Trends — Garland, TX
As of July '25, Rentcast reports the average rent in Garland, TX is $2,030, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Garland, TX is studios: $1,120, 1-bedrooms: $1,410, 2-bedrooms: $1,880, 3-bedrooms: $2,360, 4-bedrooms: $2,920. The most common rental property sizes in Garland, TX are 2-bedroom and 1-bedroom, accounting for 41.2% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,030 |
| Studio Rent | $1,150 | $1,120 |
| 1 Bed Rent | $1,380 | $1,410 |
| 2 Bed Rent | $1,820 | $1,880 |
| 3 Bed Rent | $2,250 | $2,360 |
| 4 Bed Rent | $2,700 | $2,920 |
% 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 61. This is a increase of 29.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $357,000 | -5.0% |
Listing Count | 151 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 61 | 29.0% |
Demographics — Garland, TX
As of the latest ACS Survey released in 2023, Garland, TX has a population of 46,800, which has increased by 11.8% over the past 5 years. Garland, TX is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,800 | 11.8% |
% Under 18 | 21.8% | 3.3% |
% Seniors | 13.9% | -3.5% |
% WFH | 20.6% | 267.9% |
% w/ College Degree | 40.4% | 3.1% |
As of the latest ACS Survey released in 2023, Garland, TX is a predominantly white area, with 33.2% of the population identifying as white. The white population has shrunk by 17.4% in the last 5 years. The second most common race or ethnicity in Garland, TX is hispanic, making up 26.6% of the population. Foreign-born residents account for 28.3% of the population in Garland, TX, and this percentage has decreased by 3.1% 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 | 33.2% | -17.4% |
% Black | 16.8% | 31.2% |
% Hispanic | 26.6% | 18.8% |
% Asian | 17.9% | -10.5% |
% Foreign Born | 28.3% | -3.1% |
Mortgage and Risk — Garland, TX
According to HUD data as of 2023, there were 41 mortgage originations in Garland, TX, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 24.0% 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. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Garland, TX
As of 2024, the percent of homes in Garland, TX under the Section 8 program is 2.6%. 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 | 166 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,380 | $1,770 |
| 2 Bedroom | $260 | $1,820 | $2,080 |
| 3 Bedroom | $360 | $2,250 | $2,610 |
| 4 Bedroom | $650 | $2,700 | $3,350 |
Affordability — Garland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $334,000 |
| Median Household Income | $89,600 |