Gainesville, FL—32605
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 $301,000, with a year-over-year change of -2.8%. This indicates that home prices in Gainesville, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $301,000 | -2.8% |
| Single Family | $310,000 | -2.8% |
| Condos | $162,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $104,000 | -5.5% |
2 Bed | $202,000 | -2.4% |
3 Bed | $288,000 | -3.0% |
4 Bed | $411,000 | -1.2% |
| 5 Bed | $574,000 | 0.7% |
% of Housing Stock
Rental Trends — Gainesville, FL
As of July '25, Rentcast reports the average rent in Gainesville, FL is $1,800, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Gainesville, FL is 1-bedrooms: $1,060, 2-bedrooms: $1,510, 3-bedrooms: $2,000, 4-bedrooms: $2,480. The most common rental property sizes in Gainesville, FL are 3-bedroom and 1-bedroom, accounting for 40.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,060 |
| 2 Bed Rent | $1,400 | $1,510 |
| 3 Bed Rent | $1,980 | $2,000 |
| 4 Bed Rent | $2,450 | $2,480 |
% 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 72. This is a increase of 23.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -4.0% |
Listing Count | 140 | 21.0% |
| Listings as % of Homes | 0.6% | 21.0% |
Days on Market | 72 | 23.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 25,700, which has increased by 4.1% over the past 5 years. Gainesville, FL is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 61.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | 4.1% |
% Under 18 | 18.9% | 2.2% |
% Seniors | 21.0% | 5.5% |
% WFH | 18.2% | 279.2% |
% w/ College Degree | 61.5% | 11.2% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 66.5% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is black, making up 11.9% of the population. Foreign-born residents account for 10.5% of the population in Gainesville, FL, and this percentage has increased by 15.4% 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 | 66.5% | -6.3% |
% Black | 11.9% | 36.8% |
% Hispanic | 11.8% | 9.3% |
% Asian | 4.4% | -18.5% |
% Foreign Born | 10.5% | 15.4% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 385 mortgage originations in Gainesville, FL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Gainesville, FL. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 385 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Gainesville, FL
As of 2024, the percent of homes in Gainesville, FL under the Section 8 program is 3.8%. 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, 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 | 91 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $540 | $1,000 | $1,540 |
| 2 Bedroom | $460 | $1,400 | $1,860 |
| 3 Bedroom | $390 | $1,980 | $2,370 |
| 4 Bedroom | $20 | $2,450 | $2,470 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $301,000 |
| Median Household Income | $83,100 |