Gainesville, GA—30504
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 $369,000, with a year-over-year change of -1.9%. This indicates that home prices in Gainesville, GA are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | -2.0% |
| Single Family | $372,000 | -1.8% |
| Condos | $241,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | -1.5% |
3 Bed | $346,000 | -2.3% |
4 Bed | $417,000 | -1.7% |
| 5 Bed | $517,000 | -1.9% |
% of Housing Stock
Rental Trends — Gainesville, GA
As of July '25, Rentcast reports the average rent in Gainesville, GA is $2,100, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Gainesville, GA is studios: $975, 1-bedrooms: $1,270, 2-bedrooms: $1,570, 3-bedrooms: $2,140, 4-bedrooms: $2,340. The most common rental property sizes in Gainesville, GA are 2-bedroom and 3-bedroom, accounting for 39.5% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | $1,250 | $1,270 |
| 2 Bed Rent | $1,600 | $1,570 |
| 3 Bed Rent | $2,100 | $2,140 |
| 4 Bed Rent | $2,080 | $2,340 |
% 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 75. This is a increase of 22.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $403,000 | -22.0% |
Listing Count | 130 | 56.0% |
| Listings as % of Homes | 1.1% | 56.0% |
Days on Market | 75 | 22.0% |
Demographics — Gainesville, GA
As of the latest ACS Survey released in 2023, Gainesville, GA has a population of 29,100, which has increased by 7.9% over the past 5 years. Gainesville, GA is a popular place for families, as children make up 26.9% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | 7.9% |
% Under 18 | 26.9% | -5.6% |
% Seniors | 15.4% | 18.5% |
% WFH | 8.5% | 150.0% |
% w/ College Degree | 23.4% | 36.8% |
As of the latest ACS Survey released in 2023, Gainesville, GA is a predominantly hispanic area, with 49.4% of the population identifying as hispanic. The hispanic population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Gainesville, GA is white, making up 38.9% of the population. Foreign-born residents account for 27.1% of the population in Gainesville, GA, and this percentage has decreased by 14.0% 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 | 38.9% | 12.4% |
% Black | 5.8% | -6.5% |
% Hispanic | 49.4% | -9.4% |
% Asian | 3.7% | 32.1% |
% Foreign Born | 27.1% | -14.0% |
Mortgage and Risk — Gainesville, GA
According to HUD data as of 2023, there were 338 mortgage originations in Gainesville, GA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, GA. Investor activity is low, as 12.0% 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 | 338 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 12.0% |
% 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 4.7%. 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. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Gainesville, GA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 187 |
Total Units Section 8 | 187 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,250 | $1,390 |
| 2 Bedroom | -$60 | $1,600 | $1,540 |
| 3 Bedroom | -$240 | $2,100 | $1,860 |
| 4 Bedroom | $10 | $2,080 | $2,090 |
Affordability — Gainesville, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $369,000 |
| Median Household Income | $71,800 |