Gainesville, FL—32606
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 $342,000, with a year-over-year change of -3.0%. 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 | $342,000 | -3.0% |
| Single Family | $352,000 | -3.0% |
| Condos | $193,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | -2.5% |
3 Bed | $323,000 | -3.3% |
4 Bed | $423,000 | -2.8% |
| 5 Bed | $711,000 | -0.7% |
% of Housing Stock
Rental Trends — Gainesville, FL
As of July '25, Rentcast reports the average rent in Gainesville, FL is $2,140, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Gainesville, FL is 1-bedrooms: $1,180, 2-bedrooms: $1,550, 3-bedrooms: $2,290, 4-bedrooms: $2,820. The most common rental property sizes in Gainesville, FL are 2-bedroom and 1-bedroom, accounting for 41.0% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,260 | $1,180 |
| 2 Bed Rent | $1,500 | $1,550 |
| 3 Bed Rent | $2,200 | $2,290 |
| 4 Bed Rent | $2,750 | $2,820 |
% 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 82. This is a increase of 19.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $383,000 | -1.0% |
Listing Count | 109 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 82 | 19.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 23,300, which has decreased by -1.9% over the past 5 years. Gainesville, FL is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 59.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -1.9% |
% Under 18 | 20.2% | -8.2% |
% Seniors | 21.5% | 13.2% |
% WFH | 11.1% | 113.5% |
% w/ College Degree | 59.5% | 3.3% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 62.1% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is black, making up 14.7% of the population. Foreign-born residents account for 15.7% of the population in Gainesville, FL, and this percentage has decreased by 6.0% 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 | 62.1% | -8.1% |
% Black | 14.7% | 53.1% |
% Hispanic | 9.3% | -13.1% |
% Asian | 8.3% | -9.8% |
% Foreign Born | 15.7% | -6.0% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 454 mortgage originations in Gainesville, FL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 454 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Gainesville, FL
As of 2024, the percent of homes in Gainesville, FL under the Section 8 program is 2.5%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Gainesville, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 123 |
Total Units Section 8 | 123 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,260 | $1,630 |
| 2 Bedroom | $470 | $1,500 | $1,970 |
| 3 Bedroom | $310 | $2,200 | $2,510 |
| 4 Bedroom | -$140 | $2,750 | $2,610 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $342,000 |
| Median Household Income | $79,900 |