Surrounding submarket Area
Garden City, Michigan is a part of the Dearborn/Dearborn Heights Submarket submarket area, and contains zip codes 48135 and 48136.
Garden City Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Garden City, MI submarket area was $995, which is 16.51% lower than 2014 average rent. This represents a compounded annual growth rate of 3.10%. 2019 vacancy in Garden City, MI was 2.40%.
The total population of the city of Garden City, MI has decreased 4.14% since 2010. As of 2018, the population was 26,545. The median household income of the Garden City was $32,183, which is 46.62% lower than the national average.
- submarket area Dearborn / Dearborn Heights Submarket
- avg rent $995
- rent growth 16.51%
- vacancy 2.40%
- median income $32,183
- population (2018) 26,545
- population growth -4.14%
- vs. nat'l avg 46.62%
- zip codes 48135 48136