Gainesville appreciation rates and housing market information

Gainesville housing market information

With a population of 25,454, 8,912 total housing units (homes and apartments), and a median house value of $218,600, Gainesville real estate is some of the most expensive in Georgia, although Gainesville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Gainesville, accounting for 51.22% of the city's housing units. Other types of housing that are prevalent in Gainesville include large apartment complexes or high rise apartments (31.53%), duplexes, homes converted to apartments, or other small apartment buildings (13.08%), row houses and other attached homes (3.27%), and a few mobile homes or trailers (0.90%).

People in Gainesville primarily live in small (one, two, or no bedroom) single-family detached homes. Gainesville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Gainesville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gainesville built from 1940-1969 (35.22%). A lesser amount of the housing stock also hails from 1995 and later (18.56%), and some were built from 1939 and earlier (18.56%).

Gainesville home appreciation rates

Gainesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gainesville during the period has been just 5.50%, which is lower than % of US communities.

Over the last year, Gainesville appreciation rates have trailed the rest of the nation. In the last twelve months, Gainesville's appreciation rate has been -0.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gainesville were at -3.22%, which equates to an annual appreciation rate of -12.88%.

Notably, Gainesville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Gainesville's latest annual appreciation rate is higher than 8% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gainesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gainesville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Gainesville real estate investment or home purchase decisions.