Garland's January First-Time Homebuyer Report

The population of Garland is affluent compared to others in Texas with a median income of $54,704 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 88.7. 75040, 75043, and 75044 are the three largest zip codes in terms of population. Garland is made up of homes that are considered relatively old with a median of 33 years. The top school in the city is Walnut Glen Academy for Excel.

Price Range

Homes in Garland are worth a median of $85,800, similar to other parts of Texas. Additionally, the list prices of available homes is currently at an average of $204,635. The Garland market pulled back with a 13.2% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 190.5 monthly average with 158 homes sold.

Make sure you take a look at these eye-catching homes in Garland that generated the most views from potential buyers:

$194K   $1.2M   $130K  

Typical Dwelling

The typical dwelling in Garland is a three-bedroom detached home worth about $168,912. To purchase a similar home, a buyer with good credit and a $33,782 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,038 monthly payment. The property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out Garland homes for sale or reviewing Garland real estate trends.

Data reported through 1/12/2017


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