Gainesville, VA—20155
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesville, VA
As of Oct '25, the median home price in Gainesville, VA is $741,000, with a year-over-year change of 1.9%. This indicates that home prices in Gainesville, VA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $741,000 | 1.9% |
| Single Family | $759,000 | 1.6% |
| Condos | $439,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $515,000 | 1.0% |
3 Bed | $587,000 | 1.2% |
4 Bed | $809,000 | 1.8% |
| 5 Bed | $949,000 | 2.2% |
% of Housing Stock
Rental Trends — Gainesville, VA
As of July '25, Rentcast reports the average rent in Gainesville, VA is $3,140, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Gainesville, VA is studios: $2,400, 1-bedrooms: $1,660, 2-bedrooms: $2,460, 3-bedrooms: $3,100, 4-bedrooms: $3,760. The most common rental property sizes in Gainesville, VA are 3-bedroom and 4-bedroom, accounting for 37.6% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,140 |
| Studio Rent | $2,400 | $2,400 |
| 1 Bed Rent | $1,500 | $1,660 |
| 2 Bed Rent | $2,440 | $2,460 |
| 3 Bed Rent | $3,100 | $3,100 |
| 4 Bed Rent | $3,800 | $3,760 |
% of Rental Stock
Property Listings — Gainesville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gainesville, VA is 30. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $719,000 | 4.0% |
Listing Count | 111 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 30 | 23.0% |
Demographics — Gainesville, VA
As of the latest ACS Survey released in 2023, Gainesville, VA has a population of 37,500, which has increased by 6.9% over the past 5 years. Gainesville, VA is a popular place for families, as children make up 25.9% of the population. The area has a highly educated workforce, with 55.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,500 | 6.9% |
% Under 18 | 25.9% | -8.8% |
% Seniors | 15.9% | 14.4% |
% WFH | 23.7% | 229.2% |
% w/ College Degree | 55.4% | -1.4% |
As of the latest ACS Survey released in 2023, Gainesville, VA is a predominantly white area, with 55.0% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Gainesville, VA is asian, making up 13.8% of the population. Foreign-born residents account for 20.5% of the population in Gainesville, VA, and this percentage has increased by 17.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.0% | -8.0% |
% Black | 13.1% | 12.0% |
% Hispanic | 12.2% | 6.1% |
% Asian | 13.8% | 14.0% |
% Foreign Born | 20.5% | 17.8% |
Mortgage and Risk — Gainesville, VA
According to HUD data as of 2023, there were 745 mortgage originations in Gainesville, VA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Gainesville, VA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 745 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gainesville, VA
As of 2024, the percent of homes in Gainesville, VA under the Section 8 program is 7.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Gainesville, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,230 | $1,500 | $2,730 |
| 2 Bedroom | $630 | $2,440 | $3,070 |
| 3 Bedroom | $740 | $3,100 | $3,840 |
| 4 Bedroom | $730 | $3,800 | $4,530 |
Affordability — Gainesville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $741,000 |
| Median Household Income | $155,000 |