The typical owner-occupied home in Garden City is worth about $192,000, 12% below the Kansas median of $217,200 and 42% below the national median of $332,700. Owners pay a median $2,846 a year in property taxes, about 1.48% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $72,865 a year, so the median home costs 2.6 times the median income (2.9 times for Kansas). 60% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Garden City at a glance
| Garden City | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $192,000 | $217,200 | $332,700 |
| Median property tax paid per year | $2,846 | $2,798 | $3,119 |
| Property tax as a share of value | 1.48% | 1.29% | 0.94% |
| Median household income | $72,865 | $74,275 | $80,734 |
| Homes lived in by their owners | 60% | 67% | 65% |
| Owner homes with a mortgage | 54% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,678 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 19.4% | 21.0% |
| Median rent | $1,052 | $1,060 | $1,413 |
| Rent as a share of renters' income | 19.7% | 27.1% | 30.6% |
| Median year homes were built | 1977 | 1976 | 1980 |
| Vacant homes | 7.9% | 9.2% | 10.1% |
| Population | 27,819 | 2,947,197 | 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 $192,000 with 20% down costs about $1,350 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,670, 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 $57,861 for the 20%-down payment. That payment is 22% of the median Garden City household income of $72,865; at that income and 20% down, the 28% guideline points to a home of about $242,000.
The median rent here is $1,052 a month, so owning the median home costs about $298 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,400 |
|---|---|
| Loan amount | $153,600 |
| Principal and interest | $1,033 |
| Property taxes (1.48% a year) | $237 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,350 |
Change the numbers in the calculator
| Down payment | $6,720 |
|---|---|
| Loan amount | $188,522 |
| Principal and interest | $1,268 |
| Property taxes (1.48% a year) | $237 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $85 |
| Total per month | $1,670 |
Change the numbers in the calculator
Questions about home buying in Garden City
What is the median home value in Garden City?
About $192,000 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 $2,846 a year, which is about 1.48% 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 $1,350 a month. Keeping that under 28% of gross income takes about $57,861 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