Affordability evidence
Garland, TX home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Garland, TX.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
In Garland, TX, the 2024 ACS reports a median owner-occupied home value of $270,800, median household income of $76,320, and median selected monthly owner costs of $1,919 for owners with a mortgage. For the decision at hand, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,919 measure combines recurring ownership expenses in place of real estate taxes alone. In practical terms, a useful affordability review starts with $270,800, $76,320, and $1,919, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Garland, TX's $270,800 median home-value estimate is below the statewide $283,800 estimate, with a reported city-to-state gap of 4.6%. For the decision at hand, that 4.6% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Garland, TX.