Gainesville, FL—32609
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 $216,000, with a year-over-year change of -2.9%. 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 | $216,000 | -2.9% |
| Single Family | $218,000 | -3.1% |
| Condos | $174,000 | -6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $183,000 | -2.1% |
3 Bed | $224,000 | -2.6% |
4 Bed | $255,000 | -2.7% |
| 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 $1,520, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Gainesville, FL is studios: $1,120, 1-bedrooms: $1,120, 2-bedrooms: $1,300, 3-bedrooms: $1,800, 4-bedrooms: $2,350. The most common rental property sizes in Gainesville, FL are 2-bedroom and 3-bedroom, accounting for 44.9% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,520 |
| Studio Rent | $1,120 | $1,120 |
| 1 Bed Rent | $1,180 | $1,120 |
| 2 Bed Rent | $1,240 | $1,300 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $2,100 | $2,350 |
% 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 45. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 3.0% |
Listing Count | 47 | -14.0% |
| Listings as % of Homes | 0.4% | -14.0% |
Days on Market | 45 | -16.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 19,700, which has decreased by -1.1% over the past 5 years. Gainesville, FL is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | -1.1% |
% Under 18 | 16.4% | -19.6% |
% Seniors | 17.6% | 38.6% |
% WFH | 11.0% | 340.0% |
% w/ College Degree | 26.9% | 21.7% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 53.7% of the population identifying as white. The white population has grown by 17.5% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is black, making up 34.0% of the population. Foreign-born residents account for 5.5% of the population in Gainesville, FL, and this percentage has increased by 10.0% 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 | 53.7% | 17.5% |
% Black | 34.0% | -12.8% |
% Hispanic | 7.5% | -3.8% |
% Asian | 1.4% | -53.3% |
% Foreign Born | 5.5% | 10.0% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 202 mortgage originations in Gainesville, FL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, FL. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 202 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Gainesville, FL
As of 2024, the percent of homes in Gainesville, FL under the Section 8 program is 19.2%. This is considered high, suggesting that the neighborhood is heavily 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 | 816 |
Total Units Section 8 | 710 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 76.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,180 | $1,220 |
| 2 Bedroom | $240 | $1,240 | $1,480 |
| 3 Bedroom | $90 | $1,800 | $1,890 |
| 4 Bedroom | -$140 | $2,100 | $1,960 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $216,000 |
| Median Household Income | $48,100 |