Chicago homes with garages sell for an estimated 38% more than comparable homes without them, according to a new analysis from Redfin. Have a garage adds more than $47,000 on the sale price of a typical Chicago home.
Nationwide, homes with garages sell for $23,211 more than homes without garages, which equates to a 12% premium.
In Sacramento, homes with Garages sold for $26,500 more than comparable homes, equating to approx. 10% premium.
The five metros where garages are worth the most—Chicago, St. Louis, Columbus, Oklahoma City, and Cleveland—are all located in the Midwest, where winters tend to be cold and snowy.
You can see the full report of Home Price Premiums due to having a Garage on our FACEBOOK PAGE / Ask The Contractors
Table: Home Price Premiums Associated with Having a Garage
| Metro area | Average garage premium (%) | Average garage premium ($) | Share of homes sold in 2018 that have a garage |
| National | 12% | $23,211 | 85.2% |
| Chicago, IL | 38% | $46,745 | 94.1% |
| St. Louis, MO | 35.1% | $34,352 | 70.5% |
| Columbus, OH | 24.2% | $24,154 | 87.1% |
| Oklahoma City, OK | 22.4% | $19,040 | 93.6% |
| Cleveland, OH | 21.6% | $21,285 | 92.8% |
| Memphis, TN | 20.9% | $20,686 | 71.3% |
| Akron, OH | 19.8% | $13,423 | 87.1% |
| Albany, NY | 19.5% | $30,808 | 81.3% |
| Fort Worth, TX | 19.4% | $27,522 | 91.9% |
| Dallas, TX | 17.4% | $28,715 | 92.8% |
| West Palm Beach, FL | 17.3% | $40,636 | 85.5% |
| Lakeland, FL | 16.9% | $21,918 | 87.2% |
| Tampa, FL | 15.5% | $26,886 | 91.1% |
| Fort Lauderdale, FL | 14.6% | $37,543 | 86.2% |
| Orlando, FL | 14.5% | $25,918 | 92.7% |
| Louisville, KY | 13.4% | $17,917 | 74.2% |
| Charlotte, NC | 13.0% | $20,971 | 72.4% |
| Montgomery County, PA | 12.9% | $31,232 | 78.2% |
| Tucson, AZ | 12.6% | $21,091 | 73.6% |
| Tulsa, OK | 12.2% | $9,050 | 93.3% |
| Wilmington, DE | 11.8% | $20,706 | 72.2% |
| Birmingham, AL | 11.8% | $13,145 | 70.1% |
| Fresno, CA | 11.8% | $20,011 | 93.4% |
| Little Rock, AR | 11.5% | $13,297 | 76.2% |
| Hampton Roads, VA | 11.0% | $19,246 | 91.1% |
| Las Vegas, NV | 10.8% | $20,457 | 97.4% |
| Phoenix, AZ | 10.7% | $21,487 | 89.1% |
| Denver, CO | 10.6% | $35,411 | 91.6% |
| Cincinnati, OH | 10.5% | $12,117 | 89.0% |
| Baltimore, MD | 10.4% | $27,065 | 70.3% |
| Providence, RI | 10.3% | $24,487 | 63.1% |
| North Port, FL | 10.0% | $18,958 | 91.8% |
| Camden, NJ | 9.3% | $13,779 | 69.8% |
| Sacramento, CA | 8.7% | $26,528 | 93.4% |
| Atlanta, GA | 8.5% | $15,372 | 87.5% |
| Boston, MA | 8.5% | $33,567 | 62.4% |
| Washington, D.C. | 8.5% | $32,138 | 76.9% |
| Tacoma, WA | 8.4% | $22,589 | 87.5% |
| Houston, TX | 8.3% | $13,696 | 98.2% |
| Nashville, TN | 8.2% | $16,810 | 86.6% |
| Worcester, MA | 7.3% | $16,723 | 69.7% |
| Miami, FL | 7.3% | $21,795 | 82.0% |
| Oakland, CA | 7.0% | $46,336 | 92.0% |
| Long Island, NY | 7.0% | $26,154 | 82.9% |
| Ogden, UT | 7.0% | $14,173 | 82.3% |
| Salt Lake City, UT | 7.0% | $17,794 | 85.1% |
| Portland, OR | 6.6% | $23,274 | 90.9% |
| Riverside, CA | 6.5% | $17,479 | 97.5% |
| Seattle, WA | 6.1% | $31,796 | 85.1% |
| Philadelphia, PA | 6.0% | $13,124 | 63.1% |
| Richmond, VA | 5.8% | $11,282 | 45.5% |
| San Diego, CA | 5.4% | $29,263 | 92.7% |
| Honolulu, HI | 4.1% | $32,250 | 50.6% |
| Los Angeles, CA | 3.5% | $25,978 | 95.7% |
| Austin, TX | 3.2% | $9,522 | 49.6% |
| Raleigh, NC | 2% | $3,961 | 80.7% |
Show Prep Source: https://www.redfin.com/blog/does-a-garage-add-value-to-a-home
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