Gainesville, GA—30501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesville, GA
As of Oct '25, the median home price in Gainesville, GA is $314,000, with a year-over-year change of -1.6%. This indicates that home prices in Gainesville, GA are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | -1.6% |
| Single Family | $316,000 | -1.9% |
| Condos | $272,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | -2.6% |
3 Bed | $317,000 | -1.2% |
4 Bed | $430,000 | -0.5% |
| 5 Bed | $595,000 | 1.0% |
% of Housing Stock
Rental Trends — Gainesville, GA
As of July '25, Rentcast reports the average rent in Gainesville, GA is $1,740, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in Gainesville, GA is studios: $1,220, 1-bedrooms: $1,300, 2-bedrooms: $1,690, 3-bedrooms: $1,960, 4-bedrooms: $3,120. The most common rental property sizes in Gainesville, GA are 2-bedroom and 1-bedroom, accounting for 41.1% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,740 |
| Studio Rent | $1,330 | $1,220 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,600 | $1,690 |
| 3 Bed Rent | $1,980 | $1,960 |
| 4 Bed Rent | $2,500 | $3,120 |
% of Rental Stock
Property Listings — Gainesville, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gainesville, GA is 74. This is a increase of 20.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $421,000 | -11.0% |
Listing Count | 130 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 74 | 20.0% |
Demographics — Gainesville, GA
As of the latest ACS Survey released in 2023, Gainesville, GA has a population of 31,300, which has increased by 5.7% over the past 5 years. Gainesville, GA is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,300 | 5.7% |
% Under 18 | 22.9% | -15.8% |
% Seniors | 13.9% | 15.8% |
% WFH | 7.5% | 212.5% |
% w/ College Degree | 20.5% | 3.0% |
As of the latest ACS Survey released in 2023, Gainesville, GA is a predominantly white area, with 41.7% of the population identifying as white. The white population has grown by 10.3% in the last 5 years. The second most common race or ethnicity in Gainesville, GA is hispanic, making up 39.4% of the population. Foreign-born residents account for 21.1% of the population in Gainesville, GA, and this percentage has decreased by 17.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 41.7% | 10.3% |
% Black | 12.6% | -16.0% |
% Hispanic | 39.4% | -13.2% |
% Asian | 1.2% | 9.1% |
% Foreign Born | 21.1% | -17.3% |
Mortgage and Risk — Gainesville, GA
According to HUD data as of 2023, there were 260 mortgage originations in Gainesville, GA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, GA. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 260 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gainesville, GA
As of 2024, the percent of homes in Gainesville, GA under the Section 8 program is 8.0%. 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, GA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 704 |
Total Units Section 8 | 573 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,300 | $1,290 |
| 2 Bedroom | -$170 | $1,600 | $1,430 |
| 3 Bedroom | -$260 | $1,980 | $1,720 |
| 4 Bedroom | -$560 | $2,500 | $1,940 |
Affordability — Gainesville, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $314,000 |
| Median Household Income | $58,200 |