Gainesville, FL—32641
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 $172,000, with a year-over-year change of -5.3%. This indicates that home prices in Gainesville, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | -5.3% |
| Single Family | $172,000 | -5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | -4.7% |
3 Bed | $176,000 | -5.4% |
4 Bed | $215,000 | -4.0% |
| 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 $1,600, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Gainesville, FL is 1-bedrooms: $660, 2-bedrooms: $1,110, 3-bedrooms: $1,760, 4-bedrooms: $2,000. The most common rental property sizes in Gainesville, FL are 3-bedroom and 2-bedroom, accounting for 39.7% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $660 | $660 |
| 2 Bed Rent | $1,160 | $1,110 |
| 3 Bed Rent | $1,450 | $1,760 |
| 4 Bed Rent | $1,800 | $2,000 |
% 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 70. This is a decrease of -15.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | -2.0% |
Listing Count | 54 | 16.0% |
| Listings as % of Homes | 0.8% | 16.0% |
Days on Market | 70 | -15.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 15,100, which has remained stable by 0.6% over the past 5 years. Gainesville, FL is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 0.6% |
% Under 18 | 27.4% | 11.4% |
% Seniors | 16.8% | 26.3% |
% WFH | 7.4% | -14.0% |
% w/ College Degree | 20.0% | 44.9% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly black area, with 68.4% of the population identifying as black. The black population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is white, making up 25.0% of the population. Foreign-born residents account for 3.7% 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 | 25.0% | 5.5% |
% Black | 68.4% | -2.8% |
% Hispanic | 3.6% | 50.0% |
% Asian | 0.4% | ∞% |
% Foreign Born | 3.7% | 0.0% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 182 mortgage originations in Gainesville, FL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, FL. Investor activity is low, as 4.0% 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 | 182 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% 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 47.3%. 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. In Gainesville, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,344 |
Total Units Section 8 | 946 |
% Rentals under Section 8 | 47.3% |
% Occupied Section 8 | 75.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $540 | $660 | $1,200 |
| 2 Bedroom | $290 | $1,160 | $1,450 |
| 3 Bedroom | $400 | $1,450 | $1,850 |
| 4 Bedroom | $120 | $1,800 | $1,920 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $172,000 |
| Median Household Income | $36,800 |