Garden City, ID 83714 Real Estate Market Report

ZIP Code: 83714
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Garden City, ID stands at $725,000, reflecting a stable market environment. The neighborhood has seen a flat price trend, indicating that while there may be fluctuations in individual sales, the overall market value remains consistent. This stability, combined with a median listing price of $759,900, suggests that seller expectations may be slightly above current market realities, potentially leading to pricing friction in negotiations.

Market activity is characterized by slower sales velocity, with homes taking a median of 158 days on market. This extended timeframe may indicate a shift towards a more balanced market, as elevated inventory levels are present relative to sales activity. Despite these conditions, strong local economic growth and ongoing in-migration continue to support housing demand, suggesting that the market may stabilize further as buyers adjust to current pricing dynamics.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Garden City ID market at 5.875% are slightly lower than the January 2026 average of 6.18%, presenting a minor cost advantage for recent borrowers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $725,000 is the median sold price, indicating a stable market despite a flat price year-over-year trend.

2. Homes are taking a median of 158 days on market, reflecting slower sales velocity and potential pricing friction.

3. The median listing price of $759,900 suggests seller expectations may be higher than current market conditions warrant, leading to possible negotiation challenges.

4. Elevated inventory levels are present, which may indicate excess supply relative to sales activity, contributing to the slower transaction volume.

5. The median market rent is $1,841, which has shown an upward trend year-over-year, suggesting a growing demand for rental properties.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.