Market Overview
Home Prices in Garland, TN
The median home value in Garland, TN is $228,269 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Garland are priced44% below average. Garland is part of the Memphis, TN-MS-AR metro area.
Price History
Garland Home Price Trend
2022
$190,142
$190K
—
2023
$195,607
$196K
+2.9%
2024
$216,072
$216K
+10.5%
2025
$214,648
$215K
-0.7%
2026
$228,269
$228K
+6.3%
City Comparison
Garland vs. National Median
🏠 Garland
$228,269
National Median
$410,000
At $228,269, homes in Garland cost 44% below the national median of $410,000. This makes Garland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Garland?
20% Down Payment
$45,654
on $228,269
Monthly P&I
$1,191/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,513/mo
incl. taxes & insurance
Income Needed
$60,520
gross annual (30% rule)
10% Down Option
$22,827
+ PMI applies
Loan Amount (20% dn)
$182,615
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 Garland, TN?
The median home value in Garland is $228,269 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Garland?
Over the past year, home values in Garland have increased by 6.3%.
How much do I need to earn to buy a home in Garland?
To comfortably afford the median home price of $228,269 with a 20% down payment ($45,654) at today's rates (6.8%), you'd need a gross annual income of approximately $60,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Garland compare to the national average home price?
The national median home value is approximately $410,000. At $228,269, homes in Garland are 44% below the national average.
What metro area is Garland part of?
Garland is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.