The typical owner-occupied home in Garden City is worth about $212,500, 25% below the Texas median of $283,800 and 36% below the national median of $332,700. Owners pay a median $500 a year in property taxes, about 0.24% of their home's value, lower than the Texas rate of 1.49%. 65% of occupied homes here are lived in by their owners, and 10% of those owners still have a mortgage.
Garden City at a glance
| Garden City | Texas | U.S. | |
|---|---|---|---|
| Median home value | $212,500 | $283,800 | $332,700 |
| Median property tax paid per year | $500 | $4,232 | $3,119 |
| Property tax as a share of value | 0.24% | 1.49% | 0.94% |
| Median household income | – | $78,476 | $80,734 |
| Homes lived in by their owners | 65% | 63% | 65% |
| Owner homes with a mortgage | 10% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1965 | 1992 | 1980 |
| Vacant homes | 7.1% | 9.4% | 10.1% |
| Population | 109 | 30,188,424 | 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 $212,500 with 20% down costs about $1,275 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,629, 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 $54,627 for the 20%-down payment.
| Down payment | $42,500 |
|---|---|
| Loan amount | $170,000 |
| Principal and interest | $1,144 |
| Property taxes (0.24% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| PMI | $0 |
| Total per month | $1,275 |
Change the numbers in the calculator
| Down payment | $7,438 |
|---|---|
| Loan amount | $208,651 |
| Principal and interest | $1,404 |
| Property taxes (0.24% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| FHA mortgage insurance | $94 |
| Total per month | $1,629 |
Change the numbers in the calculator
Questions about home buying in Garden City
What is the median home value in Garden City?
About $212,500 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 $500 a year, which is about 0.24% 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 $1,275 a month. Keeping that under 28% of gross income takes about $54,627 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