Gainesville, FL—32601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesville, FL
As of Oct '25, the median home price in Gainesville, FL is $251,000, with a year-over-year change of -3.6%. This indicates that home prices in Gainesville, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | -3.6% |
| Single Family | $258,000 | -3.7% |
| Condos | $208,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | 0.6% |
2 Bed | $205,000 | -2.8% |
3 Bed | $268,000 | -4.3% |
4 Bed | $327,000 | -2.4% |
| 5 Bed | $538,000 | 1.3% |
% of Housing Stock
Rental Trends — Gainesville, FL
As of July '25, Rentcast reports the average rent in Gainesville, FL is $1,580, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Gainesville, FL is studios: $1,390, 1-bedrooms: $1,030, 2-bedrooms: $1,480, 3-bedrooms: $2,110, 4-bedrooms: $2,110. The most common rental property sizes in Gainesville, FL are 2-bedroom and 1-bedroom, accounting for 43.6% and 18.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,580 |
| Studio Rent | $1,350 | $1,390 |
| 1 Bed Rent | $1,100 | $1,030 |
| 2 Bed Rent | $1,500 | $1,480 |
| 3 Bed Rent | $2,050 | $2,110 |
| 4 Bed Rent | $2,400 | $2,110 |
% of Rental Stock
Property Listings — Gainesville, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gainesville, FL is 88. This is a increase of 12.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $341,000 | 5.0% |
Listing Count | 71 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 88 | 12.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 23,300, which has increased by 25.4% over the past 5 years. Gainesville, FL is a less popular place for families, as children make up 9.7% of the population. The area has a highly educated workforce, with 61.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | 25.4% |
% Under 18 | 9.7% | 10.2% |
% Seniors | 6.7% | 6.3% |
% WFH | 12.5% | 220.5% |
% w/ College Degree | 61.6% | 36.0% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 64.1% of the population identifying as white. The white population has grown by 8.6% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is hispanic, making up 13.3% of the population. Foreign-born residents account for 9.7% of the population in Gainesville, FL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.1% | 8.6% |
% Black | 11.2% | -51.7% |
% Hispanic | 13.3% | 40.0% |
% Asian | 5.6% | -8.2% |
% Foreign Born | 9.7% | 0.0% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 101 mortgage originations in Gainesville, FL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, FL. Investor activity is low, as 3.0% 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 | 101 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gainesville, FL
As of 2024, the percent of homes in Gainesville, FL under the Section 8 program is 5.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Gainesville, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 504 |
Total Units Section 8 | 406 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 78.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,100 | $1,180 |
| 2 Bedroom | -$70 | $1,500 | $1,430 |
| 3 Bedroom | -$230 | $2,050 | $1,820 |
| 4 Bedroom | -$500 | $2,400 | $1,900 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $251,000 |
| Median Household Income | $30,900 |