The housing market in 75042 Garland, TX is thriving. According to recent estimates, the median value of a house in the area is $268,800 — that's significantly lower than the US median of $338,100. This may be attractive to potential homebuyers given the savings they can make. On top of this, the 1 year appreciation rate for houses in this area is 15.66%, higher than the US rate of 8.27%. Studies indicate that areas with higher appreciation rates tend to have more stable and profitable investments over time. Therefore, buying property in 75042 Garland, TX may be a great investment opportunity.
The median home cost in Garland (zip 75042) is $268,800. Home appreciation the last 10 years has been 159.8%. Home Appreciation in Garland (zip 75042) is up 23.4%.
Average Age of Homes
- The median age of Garland (zip 75042) real estate is 48 years old
The Rental Market in Garland (zip 75042)
- Renters make up 43.3% of the Garland (zip 75042) population
- 2.3% of houses and apartments in Garland (zip 75042), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.