The typical owner-occupied home in Garden City is worth about $110,200, 47% below the Iowa median of $208,000 and 67% below the national median of $332,700. Owners pay a median $1,479 a year in property taxes, about 1.34% of their home's value, close to the Iowa rate of 1.39%. 100% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Garden City at a glance
| Garden City | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $110,200 | $208,000 | $332,700 |
| Median property tax paid per year | $1,479 | $2,897 | $3,119 |
| Property tax as a share of value | 1.34% | 1.39% | 0.94% |
| Median household income | – | $75,059 | $80,734 |
| Homes lived in by their owners | 100% | 72% | 65% |
| Owner homes with a mortgage | 48% | 59% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,533 | $1,963 |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 0.0% | 8.5% | 10.1% |
| Population | 36 | 3,210,507 | 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 $110,200 with 20% down costs about $762 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $946, 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 $32,658 for the 20%-down payment.
| Down payment | $22,040 |
|---|---|
| Loan amount | $88,160 |
| Principal and interest | $593 |
| Property taxes (1.34% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $762 |
Change the numbers in the calculator
| Down payment | $3,857 |
|---|---|
| Loan amount | $108,204 |
| Principal and interest | $728 |
| Property taxes (1.34% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $946 |
Change the numbers in the calculator
Questions about home buying in Garden City
What is the median home value in Garden City?
About $110,200 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 $1,479 a year, which is about 1.34% 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 $762 a month. Keeping that under 28% of gross income takes about $32,658 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