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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gainesville, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gainesville, FL Housing Market Trends

With 145,214 people, 53,503 houses or apartments, and a median cost of homes of $268,690, Gainesville real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Gainesville, accounting for 41.63% of the city's housing units. Other types of housing that are prevalent in Gainesville include single-family detached homes ( 38.94%), duplexes, homes converted to apartments or other small apartment buildings ( 12.44%), and a few row houses and other attached homes ( 4.84%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Gainesville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Gainesville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Gainesville built from 1970 to 1999 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 between 1940-1969 ( 21.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.36%). There's also some housing in Gainesville built before 1939 ( 3.16%).

Vacant housing appears to be an issue in Gainesville. Fully 15.53% of the housing stock is classified as vacant. Left unchecked, vacant Gainesville homes and apartments can be a drag on the real estate market, holding Gainesville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Gainesville Home Appreciation Rates

Appreciation rates for homes in Gainesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.71%, which ranks in the top 30% nationwide. This equates to an annual average Gainesville house appreciation rate of 7.69%.

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 -1.66%, 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 1.04%, which equates to an annual appreciation rate of 4.24%.

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

Relative to Florida, our data show that Gainesville's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

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 2000, to assist you in making the best Gainesville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$268,690

Gainesville, FL Home Prices
> $1,455,000
$1,091,001 - $1,455,000
$727,001 - $1,091,000
$582,001 - $727,000
$436,001 - $582,000
$291,001 - $436,000
$146,001 - $291,000
$73,001 - $146,000
$0 - $73,000
0.5%
0.5%
0.3%
0.3%
1.5%
1.5%
2.9%
2.9%
8.5%
8.5%
20.2%
20.2%
44.3%
44.3%
17.0%
17.0%
4.9%
4.9%
0% 100.0%
% of Homes
Low

for Florida

Average

for nation

Number of Homes And Apartments:

53,503

Gainesville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,831 / per month

Homeownership Rate

Owners
Renters
Vacant
35.9%
35.9%
64.1%
64.1%
15.5%
15.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.4%
18.4%
56.9%
56.9%
21.6%
21.6%
3.2%
3.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.9%
38.9%
4.8%
4.8%
12.4%
12.4%
41.6%
41.6%
2.0%
2.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.2%
4.2%
14.5%
14.5%
34.4%
34.4%
31.5%
31.5%
14.1%
14.1%
1.2%
1.2%
0% 100.0%
% of Homes