Gainesville, TX—76240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesville, TX
As of Oct '25, the median home price in Gainesville, TX is $273,000, with a year-over-year change of -0.5%. This indicates that home prices in Gainesville, TX are flat. 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 | $273,000 | -0.5% |
| Single Family | $273,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $146,000 | -5.2% |
3 Bed | $287,000 | -0.7% |
4 Bed | $424,000 | -0.2% |
| 5 Bed | $758,000 | 0.0% |
% of Housing Stock
Rental Trends — Gainesville, TX
As of July '25, Rentcast reports the average rent in Gainesville, TX is $1,940, with a year-over-year rent change of 19.0%. Per bedroom, the median rent as of July '25 in Gainesville, TX is 1-bedrooms: $985, 2-bedrooms: $1,530, 3-bedrooms: $2,230, 4-bedrooms: $2,530. The most common rental property sizes in Gainesville, TX are 3-bedroom and 2-bedroom, accounting for 40.6% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $985 |
| 2 Bed Rent | $1,440 | $1,530 |
| 3 Bed Rent | $2,000 | $2,230 |
| 4 Bed Rent | $2,400 | $2,530 |
% of Rental Stock
Property Listings — Gainesville, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Gainesville, TX is 75. This is a increase of 8.0% 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 | $353,000 | 4.0% |
Listing Count | 224 | 16.0% |
| Listings as % of Homes | 1.0% | 16.0% |
Days on Market | 75 | 8.0% |
Demographics — Gainesville, TX
As of the latest ACS Survey released in 2023, Gainesville, TX has a population of 29,300, which has increased by 6.8% over the past 5 years. Gainesville, TX is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,300 | 6.8% |
% Under 18 | 25.1% | 4.1% |
% Seniors | 17.9% | -0.6% |
% WFH | 7.5% | 82.9% |
% w/ College Degree | 24.1% | 33.1% |
As of the latest ACS Survey released in 2023, Gainesville, TX is a predominantly white area, with 66.2% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Gainesville, TX is hispanic, making up 24.0% of the population. Foreign-born residents account for 8.0% of the population in Gainesville, TX, and this percentage has decreased by 22.3% 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 | 66.2% | -5.0% |
% Black | 4.8% | 41.2% |
% Hispanic | 24.0% | 8.1% |
% Asian | 0.9% | -25.0% |
% Foreign Born | 8.0% | -22.3% |
Mortgage and Risk — Gainesville, TX
According to HUD data as of 2023, there were 476 mortgage originations in Gainesville, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, TX. Investor activity is low, as 4.0% 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 | 476 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Gainesville, TX
As of 2024, the percent of homes in Gainesville, TX under the Section 8 program is 18.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Gainesville, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 663 |
Total Units Section 8 | 664 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 74.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $950 | $990 |
| 2 Bedroom | -$250 | $1,440 | $1,190 |
| 3 Bedroom | -$410 | $2,000 | $1,590 |
| 4 Bedroom | -$420 | $2,400 | $1,980 |
Affordability — Gainesville, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $273,000 |
| Median Household Income | $67,100 |