The typical owner-occupied home in Garland is worth about $123,900, 57% below the North Carolina median of $288,900 and 63% below the national median of $332,700. Owners pay a median $1,328 a year in property taxes, about 1.07% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $57,829 a year, so the median home costs 2.1 times the median income (4.0 times for North Carolina). 62% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Garland at a glance
| Garland | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $123,900 | $288,900 | $332,700 |
| Median property tax paid per year | $1,328 | $1,896 | $3,119 |
| Property tax as a share of value | 1.07% | 0.66% | 0.94% |
| Median household income | $57,829 | $72,388 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 33% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,397 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 31.5% | 19.4% | 21.0% |
| Median rent | $942 | $1,228 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.5% | 30.6% |
| Median year homes were built | 1978 | 1991 | 1980 |
| Vacant homes | 22.4% | 12.5% | 10.1% |
| Population | 704 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Garland
At this week's average 30-year rate of 7.11%, buying the median Garland home of $123,900 with 20% down costs about $829 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,035, 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 $35,524 for the 20%-down payment. That payment is 17% of the median Garland household income of $57,829; at that income and 20% down, the 28% guideline points to a home of about $202,000.
The median rent here is $942 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,780 |
|---|---|
| Loan amount | $99,120 |
| Principal and interest | $667 |
| Property taxes (1.07% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $829 |
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| Down payment | $4,336 |
|---|---|
| Loan amount | $121,656 |
| Principal and interest | $818 |
| Property taxes (1.07% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,035 |
Change the numbers in the calculator
Questions about home buying in Garland
What is the median home value in Garland?
About $123,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Garland?
Homeowners pay a median $1,328 a year, which is about 1.07% 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 Garland?
For the median home with 20% down at 7.11%, the payment is about $829 a month. Keeping that under 28% of gross income takes about $35,524 a year.
More about Garland
- Mortgage Refinance in Garland
- Debt Relief in Garland
- Home Equity Loans in Garland
- 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