The typical owner-occupied home in Garden City is worth about $449,500, 7% above the Idaho median of $418,600 and 35% above the national median of $332,700. Owners pay a median $2,592 a year in property taxes, about 0.58% of their home's value, higher than the Idaho rate of 0.49%. The median household earns $70,124 a year, so the median home costs 6.4 times the median income (5.4 times for Idaho). 63% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Garden City at a glance
| Garden City | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $449,500 | $418,600 | $332,700 |
| Median property tax paid per year | $2,592 | $2,038 | $3,119 |
| Property tax as a share of value | 0.58% | 0.49% | 0.94% |
| Median household income | $70,124 | $77,800 | $80,734 |
| Homes lived in by their owners | 63% | 72% | 65% |
| Owner homes with a mortgage | 50% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,667 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 20.9% | 20.7% | 21.0% |
| Median rent | $1,323 | $1,238 | $1,413 |
| Rent as a share of renters' income | 31.7% | 28.7% | 30.6% |
| Median year homes were built | 1995 | 1991 | 1980 |
| Vacant homes | 4.8% | 10.3% | 10.1% |
| Population | 12,654 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Garden City
At this week's average 30-year rate of 7.11%, buying the median Garden City home of $449,500 with 20% down costs about $2,824 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,572, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $121,011 for the 20%-down payment. That payment is 48% of the median Garden City household income of $70,124; at that income and 20% down, the 28% guideline points to a home of about $260,000.
The median rent here is $1,323 a month, so owning the median home costs about $1,501 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $89,900 |
|---|---|
| Loan amount | $359,600 |
| Principal and interest | $2,419 |
| Property taxes (0.58% a year) | $217 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| PMI | $0 |
| Total per month | $2,824 |
Change the numbers in the calculator
| Down payment | $15,732 |
|---|---|
| Loan amount | $441,358 |
| Principal and interest | $2,969 |
| Property taxes (0.58% a year) | $217 |
| Homeowners insurance (our estimate, 0.5% a year) | $187 |
| FHA mortgage insurance | $199 |
| Total per month | $3,572 |
Change the numbers in the calculator
Questions about home buying in Garden City
What is the median home value in Garden City?
About $449,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Garden City?
Homeowners pay a median $2,592 a year, which is about 0.58% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Garden City?
For the median home with 20% down at 7.11%, the payment is about $2,824 a month. Keeping that under 28% of gross income takes about $121,011 a year.
More about Garden City
- Mortgage Refinance in Garden City
- Debt Relief in Garden City
- Home Equity Loans in Garden City
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data