The typical owner-occupied home in Garden City is worth about $654,900, 34% above the Utah median of $489,400 and 97% above the national median of $332,700. The median household earns $51,875 a year, so the median home costs 12.6 times the median income (5.1 times for Utah). 75% 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 | Utah | U.S. | |
|---|---|---|---|
| Median home value | $654,900 | $489,400 | $332,700 |
| Median property tax paid per year | – | $2,525 | $3,119 |
| Median household income | $51,875 | $95,166 | $80,734 |
| Homes lived in by their owners | 75% | 70% | 65% |
| Owner homes with a mortgage | 54% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,364 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 43.1% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Rent as a share of renters' income | 28.2% | 28.9% | 30.6% |
| Median year homes were built | 2001 | 1992 | 1980 |
| Vacant homes | 82.0% | 8.1% | 10.1% |
| Population | 608 | 3,392,331 | 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 $654,900 with 20% down costs about $4,398 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,489, 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 $188,470 for the 20%-down payment. That payment is 102% of the median Garden City household income of $51,875; at that income and 20% down, the 28% guideline points to a home of about $180,000.
| Down payment | $130,980 |
|---|---|
| Loan amount | $523,920 |
| Principal and interest | $3,524 |
| Property taxes (1.10% a year) | $600 |
| Homeowners insurance (our estimate, 0.5% a year) | $273 |
| PMI | $0 |
| Total per month | $4,398 |
Change the numbers in the calculator
| Down payment | $22,922 |
|---|---|
| Loan amount | $643,038 |
| Principal and interest | $4,326 |
| Property taxes (1.10% a year) | $600 |
| Homeowners insurance (our estimate, 0.5% a year) | $273 |
| FHA mortgage insurance | $290 |
| Total per month | $5,489 |
Change the numbers in the calculator
Questions about home buying in Garden City
What is the median home value in Garden City?
About $654,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
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 $4,398 a month. Keeping that under 28% of gross income takes about $188,470 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