Garland, TX
Dallas County · Pop. 246,918
Ranked #79 of 243 cities
48Moderate
Median Home Price
🏠$280K
2.8% YoY
Median Rent
🔑$1,350
2.0% YoY
Median Income
💰$55K
Rent Burden
📊31.0%
% of income to rent
Income to Buy
🏦$81K
annual income needed
Income to Rent
📝$54K
annual income needed
Price-to-Income
⚖️5.1x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$1,490/mo
Est. mortgage (7%, 20% down)
Need $81K/yr income
Rent
$1,350/mo
Median rent
Need $54K/yr income
How Garland Compares
| Metric | Garland | Texas | National |
|---|---|---|---|
| Home Price | $280K | $297K | $410K |
| Rent | $1,350 | $1,413 | $1,500 |
| Income | $55K | $76K | $75K |
| Rent Burden | 31.0% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Garland are 32% lower than the national average.
- • Rent is 10% lower than the national average.
- • You need an income of $81K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.