Market Overview
Home Prices in Garden City, MN
The median home value in Garden City, MN is $289,585 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Garden City are priced29% below average. Garden City is part of the Mankato, MN metro area.
Over the past five years, Garden City home values have risen by approximately31.7%, reflecting strong long-term appreciation in this market.
Price History
Garden City Home Price Trend
City Comparison
Garden City vs. National Median
At $289,585, homes in Garden City cost 29% below the national median of $410,000. This makes Garden City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Garden City?
20% Down Payment
$57,917
on $289,585
Monthly P&I
$1,510/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,918/mo
incl. taxes & insurance
Income Needed
$76,720
gross annual (30% rule)
10% Down Option
$28,959
+ PMI applies
Loan Amount (20% dn)
$231,668
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Garden City, MN?
The median home value in Garden City is $289,585 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Garden City?
Over the past year, home values in Garden City have increased by 8.1%. Over five years, prices have risen approximately 31.7%.
How much do I need to earn to buy a home in Garden City?
To comfortably afford the median home price of $289,585 with a 20% down payment ($57,917) at today's rates (6.8%), you'd need a gross annual income of approximately $76,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Garden City compare to the national average home price?
The national median home value is approximately $410,000. At $289,585, homes in Garden City are 29% below the national average.
What metro area is Garden City part of?
Garden City is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.