Gainesville, FL—32608
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 $329,000, with a year-over-year change of -1.9%. This indicates that home prices in Gainesville, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | -1.9% |
| Single Family | $389,000 | -1.8% |
| Condos | $170,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $127,000 | -1.6% |
2 Bed | $171,000 | -4.5% |
3 Bed | $356,000 | -1.9% |
4 Bed | $495,000 | -1.2% |
| 5 Bed | $829,000 | 0.1% |
% of Housing Stock
Rental Trends — Gainesville, FL
As of July '25, Rentcast reports the average rent in Gainesville, FL is $1,620, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Gainesville, FL is studios: $1,160, 1-bedrooms: $1,110, 2-bedrooms: $1,380, 3-bedrooms: $2,240, 4-bedrooms: $2,240. The most common rental property sizes in Gainesville, FL are 2-bedroom and 1-bedroom, accounting for 39.1% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,620 |
| Studio Rent | $875 | $1,160 |
| 1 Bed Rent | $1,100 | $1,110 |
| 2 Bed Rent | $1,350 | $1,380 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,400 | $2,240 |
% 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 91. This is a increase of 4.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | -9.0% |
Listing Count | 313 | -5.0% |
| Listings as % of Homes | 0.7% | -5.0% |
Days on Market | 91 | 4.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 54,000, which has increased by 10.3% over the past 5 years. Gainesville, FL is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 58.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,000 | 10.3% |
% Under 18 | 15.4% | -6.1% |
% Seniors | 12.2% | 13.0% |
% WFH | 10.3% | 123.9% |
% w/ College Degree | 58.2% | 6.2% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 55.1% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is hispanic, making up 15.8% of the population. Foreign-born residents account for 18.7% of the population in Gainesville, FL, and this percentage has increased by 17.6% 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 | 55.1% | -7.6% |
% Black | 13.5% | -10.6% |
% Hispanic | 15.8% | 39.8% |
% Asian | 12.2% | 6.1% |
% Foreign Born | 18.7% | 17.6% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 396 mortgage originations in Gainesville, FL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 396 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Gainesville, FL
As of 2024, the percent of homes in Gainesville, FL under the Section 8 program is 4.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Gainesville, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 663 |
Total Units Section 8 | 614 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 66.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,100 | $1,380 |
| 2 Bedroom | $320 | $1,350 | $1,670 |
| 3 Bedroom | -$70 | $2,200 | $2,130 |
| 4 Bedroom | -$190 | $2,400 | $2,210 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $329,000 |
| Median Household Income | $60,200 |