Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 597, 308 total housing units (homes and apartments), and a median house value of $123,640, house prices in Garland are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Garland, accounting for 67.54% of the town's housing units. Other types of housing that are prevalent in Garland include mobile homes or trailers ( 28.80%), large apartment complexes or high rise apartments ( 1.83%), and a few row houses and other attached homes ( 1.83%).
The most prevalent building size and type in Garland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.61% owning and 37.39% renting.
There is a lot of housing in Garland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Garland built between 1940-1969 ( 28.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.78%). There's also some housing in Garland built before 1939 ( 10.99%).
Vacant housing appears to be an issue in Garland. Fully 19.37% of the housing stock is classified as vacant. Left unchecked, vacant Garland homes and apartments can be a drag on the real estate market, holding Garland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Garland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.79%, which ranks in the top 50% nationwide. This equates to an annual average Garland house appreciation rate of 6.62%.
NeighborhoodScout's data show that during the latest twelve months, Garland's appreciation rate, at 7.07%, has been at or slightly above the national average. In the latest quarter, Garland's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Garland's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$123,640
for North carolina
for nation
308
$1,443 / per month