Gainesville, FL—32607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gainesville, FL
As of Nov '25, the median home price in Gainesville, FL is $282,000, with a year-over-year change of -2.7%. This indicates that home prices in Gainesville, FL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | -2.7% |
| Single Family | $326,000 | -2.4% |
| Condos | $161,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | -3.5% |
3 Bed | $301,000 | -2.9% |
4 Bed | $447,000 | -1.8% |
| 5 Bed | $734,138 | -0.3% |
% of Housing Stock
Rental Trends — Gainesville, FL
As of July '25, Rentcast reports the average rent in Gainesville, FL is $1,630, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Gainesville, FL is studios: $940, 1-bedrooms: $1,020, 2-bedrooms: $1,330, 3-bedrooms: $2,000, 4-bedrooms: $2,700. The most common rental property sizes in Gainesville, FL are 2-bedroom and 1-bedroom, accounting for 49.9% and 20.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,630 |
| Studio Rent | $940 | $940 |
| 1 Bed Rent | $1,000 | $1,020 |
| 2 Bed Rent | $1,300 | $1,330 |
| 3 Bed Rent | $1,950 | $2,000 |
| 4 Bed Rent | $2,580 | $2,700 |
% of Rental Stock
Property Listings — Gainesville, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Gainesville, FL is 95. This is a increase of 24.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | -21.0% |
Listing Count | 162 | 25.0% |
| Listings as % of Homes | 0.5% | 25.0% |
Days on Market | 95 | 24.0% |
Demographics — Gainesville, FL
As of the latest ACS Survey released in 2023, Gainesville, FL has a population of 31,900, which has increased by 4.3% over the past 5 years. Gainesville, FL is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 52.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,900 | 4.3% |
% Under 18 | 16.2% | 7.3% |
% Seniors | 9.6% | 15.7% |
% WFH | 10.7% | 328.0% |
% w/ College Degree | 52.5% | 19.0% |
As of the latest ACS Survey released in 2023, Gainesville, FL is a predominantly white area, with 52.0% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Gainesville, FL is black, making up 22.3% of the population. Foreign-born residents account for 14.3% of the population in Gainesville, FL, and this percentage has increased by 5.9% 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 | 52.0% | -11.1% |
% Black | 22.3% | 12.1% |
% Hispanic | 16.9% | 32.0% |
% Asian | 4.3% | -23.2% |
% Foreign Born | 14.3% | 5.9% |
Mortgage and Risk — Gainesville, FL
According to HUD data as of 2023, there were 347 mortgage originations in Gainesville, FL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 36.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 347 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Gainesville, FL
As of 2024, the percent of homes in Gainesville, FL under the Section 8 program is 7.8%. 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. 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 | 880 |
Total Units Section 8 | 831 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 68.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,000 | $1,300 |
| 2 Bedroom | $270 | $1,300 | $1,570 |
| 3 Bedroom | $50 | $1,950 | $2,000 |
| 4 Bedroom | -$500 | $2,580 | $2,080 |
Affordability — Gainesville, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $282,000 |
| Median Household Income | $46,500 |