Gainesville, FL—32603
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 $396,000, with a year-over-year change of -1.0%. This indicates that home prices in Gainesville, FL are flat. 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 | $396,000 | -1.0% |
| Single Family | $420,000 | -0.9% |
| Condos | $307,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $316,000 | -3.1% |
3 Bed | $407,000 | -1.0% |
4 Bed | $483,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gainesville, FL
As of July '25, Rentcast reports the average rent in Gainesville, FL is $2,060, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in Gainesville, FL is 1-bedrooms: $939, 2-bedrooms: $1,940, 3-bedrooms: $2,320, 4-bedrooms: $2,980. The most common rental property sizes in Gainesville, FL are 2-bedroom and 1-bedroom, accounting for 42.7% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $805 | $939 |
| 2 Bed Rent | $1,900 | $1,940 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $2,750 | $2,980 |
% 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 76. This is a increase of 28.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | 57.0% |
Listing Count | 7 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 76 | 28.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 6,710, which has decreased by -6.7% over the past 5 years. Gainesville, FL is a less popular place for families, as children make up 3.8% of the population. The area has a highly educated workforce, with 66.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,710 | -6.7% |
% Under 18 | 3.8% | -15.6% |
% Seniors | 2.2% | 15.8% |
% WFH | 12.9% | 126.3% |
% w/ College Degree | 66.2% | -11.0% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 63.3% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is hispanic, making up 15.3% of the population. Foreign-born residents account for 12.6% of the population in Gainesville, FL, and this percentage has increased by 12.5% 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 | 63.3% | -1.2% |
% Black | 5.9% | -19.2% |
% Hispanic | 15.3% | -2.5% |
% Asian | 12.5% | 20.2% |
% Foreign Born | 12.6% | 12.5% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 40 mortgage originations in Gainesville, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, FL. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 5.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Gainesville, FL
Gainesville, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $425 | $805 | $1,230 |
| 2 Bedroom | -$410 | $1,900 | $1,490 |
| 3 Bedroom | -$400 | $2,300 | $1,900 |
| 4 Bedroom | -$770 | $2,750 | $1,980 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 25.5 |
| Median Home Price | $396,000 |
| Median Household Income | $14,600 |