Gainesville, GA—30506
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesville, GA
As of Oct '25, the median home price in Gainesville, GA is $441,000, with a year-over-year change of -2.5%. This indicates that home prices in Gainesville, GA are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | -2.5% |
| Single Family | $441,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $270,000 | -6.2% |
2 Bed | $273,000 | -3.5% |
3 Bed | $375,000 | -2.8% |
4 Bed | $558,000 | -1.2% |
| 5 Bed | $713,000 | -1.9% |
% of Housing Stock
Rental Trends — Gainesville, GA
As of July '25, Rentcast reports the average rent in Gainesville, GA is $2,080, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Gainesville, GA is studios: $1,600, 1-bedrooms: $1,650, 2-bedrooms: $1,740, 3-bedrooms: $1,980, 4-bedrooms: $2,360. The most common rental property sizes in Gainesville, GA are 2-bedroom and 3-bedroom, accounting for 43.0% and 39.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,060 | $2,080 |
| Studio Rent | $1,600 | $1,600 |
| 1 Bed Rent | $1,500 | $1,650 |
| 2 Bed Rent | $1,700 | $1,740 |
| 3 Bed Rent | $1,980 | $1,980 |
| 4 Bed Rent | $2,310 | $2,360 |
% of Rental Stock
Property Listings — Gainesville, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gainesville, GA is 60. 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -2.0% |
Listing Count | 408 | 23.0% |
| Listings as % of Homes | 1.1% | 23.0% |
Days on Market | 60 | 19.0% |
Demographics — Gainesville, GA
As of the latest ACS Survey released in 2023, Gainesville, GA has a population of 45,000, which has increased by 1.1% over the past 5 years. Gainesville, GA is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,000 | 1.1% |
% Under 18 | 21.3% | -5.8% |
% Seniors | 21.9% | 35.2% |
% WFH | 16.1% | 192.7% |
% w/ College Degree | 37.7% | 16.4% |
As of the latest ACS Survey released in 2023, Gainesville, GA is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Gainesville, GA is hispanic, making up 11.5% of the population. Foreign-born residents account for 7.4% of the population in Gainesville, GA, and this percentage has increased by 5.7% 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 | 80.4% | -6.1% |
% Black | 3.4% | 385.7% |
% Hispanic | 11.5% | -0.9% |
% Asian | 1.9% | 137.5% |
% Foreign Born | 7.4% | 5.7% |
Mortgage and Risk — Gainesville, GA
According to HUD data as of 2023, there were 1266 mortgage originations in Gainesville, GA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, GA. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,266 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Gainesville, GA
As of 2024, the percent of homes in Gainesville, GA under the Section 8 program is 0.5%. 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. In Gainesville, GA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,500 | $1,440 |
| 2 Bedroom | -$110 | $1,700 | $1,590 |
| 3 Bedroom | -$60 | $1,980 | $1,920 |
| 4 Bedroom | -$100 | $2,310 | $2,210 |
Affordability — Gainesville, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $441,000 |
| Median Household Income | $95,200 |