Market Overview
Home Prices in Garwood, TX
The median home value in Garwood, TX is $257,488 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.8% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Garwood are priced37% below average.
Over the past five years, Garwood home values have fallen by approximately6.7%, reflecting softening conditions in this market.
Price History
Garwood Home Price Trend
2021
$276,053
$276K
—
2022
$297,734
$298K
+7.9%
2023
$274,143
$274K
-7.9%
2024
$275,576
$276K
+0.5%
2025
$273,432
$273K
-0.8%
2026
$257,488
$257K
-5.8%
City Comparison
Garwood vs. National Median
🏠 Garwood
$257,488
National Median
$410,000
At $257,488, homes in Garwood cost 37% below the national median of $410,000. This makes Garwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Garwood?
20% Down Payment
$51,498
on $257,488
Monthly P&I
$1,343/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,706/mo
incl. taxes & insurance
Income Needed
$68,240
gross annual (30% rule)
10% Down Option
$25,749
+ PMI applies
Loan Amount (20% dn)
$205,990
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 Garwood, TX?
The median home value in Garwood is $257,488 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.8% year-over-year.
How much have home prices changed in Garwood?
Over the past year, home values in Garwood have decreased by 5.8%. Over five years, prices have fallen approximately 6.7%.
How much do I need to earn to buy a home in Garwood?
To comfortably afford the median home price of $257,488 with a 20% down payment ($51,498) at today's rates (6.8%), you'd need a gross annual income of approximately $68,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Garwood compare to the national average home price?
The national median home value is approximately $410,000. At $257,488, homes in Garwood are 37% below the national average.