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 597 people, 308 houses or apartments, and a median cost of homes of $121,669, 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.
Real estate appreciation rates in Garland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.29% during the period.
Appreciation rates are so strong in Garland that despite a nationwide downturn in the housing market, Garland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Garland appreciation rates continue to be some of the highest in America, at 11.78%, which is higher than appreciation rates in 71.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Garland. Garland appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.06%.
Relative to North Carolina, our data show that Garland's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
$121,669
for North carolina
for nation
308
$1,405 / per month