Gainesville, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gainesville Neighborhoods Since 2000




Gainesville, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gainesville Housing Market Information

With 130,128 people, 47,968 houses or apartments, and a median cost of homes of $137,872, house prices in Gainesville are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in Gainesville, accounting for 40.28% of the city's housing units. Other types of housing that are prevalent in Gainesville include single-family detached homes ( 38.84%), duplexes, homes converted to apartments or other small apartment buildings ( 12.61%), and a few row houses and other attached homes ( 6.01%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Gainesville is dominated by renter-occupied one, two, or no bedrooms apartments. 66.71% of Gainesville's dwellings are rentals.

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 ( 23.85%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.13%). There's also some housing in Gainesville built before 1939 ( 3.27%).

Vacant housing appears to be an issue in Gainesville. Fully 15.73% 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

Homes have actually lost value in Gainesville over the last then years, as home values have seen a decline of 19.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Gainesville home appreciation rates at 1.50%, which equates to an annual appreciation rate of 6.12%.

NeighborhoodScout's data show that during the latest twelve months, Gainesville's appreciation rate, at 3.85%, has been at or slightly above the national average. In the latest quarter, Gainesville's appreciation rate has been 1.50%, which annualizes to a rate of 6.12%.

Relative to Florida, our data show that Gainesville's latest annual appreciation rate is lower than 80% 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:
$137,872

Gainesville, FL HOME PRICES

Value Range
> $1,171,000 0.1
$878,001 - $1,171,000 0.1
$585,001 - $878,000 1.8
$468,001 - $585,000 1.7
$351,001 - $468,000 4.1
$234,001 - $351,000 13.4
$117,001 - $234,000 37.3
$59,001 - $117,000 31.7
$0 - $59,000 9.9

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
55.8185866635415 69.4444444444444

Number Of Homes And Apartments:
47,968

Gainesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
60.70% 2.79% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,000 / per month

Homeownership Rate

Homeownership
Owners 33.29
Renters 66.71
Vacant 15.73

Housing Market Details

 

Age of Homes

AGE OF Gainesville HOMES
2000 or Newer 15.1
1970 - 1999 57.8
1940 - 1969 23.8
1939 or Older 3.3

Types of Homes

TYPE OF Gainesville HOMES
Single-Family 38.8
Townhomes 6.0
Small Apt. Buildings 12.6
Apt. Complexes 40.3
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Gainesville HOMES
No Bedroom 2.56
1 Bedroom 16.09
2 Bedrooms 35.16
3 Bedrooms 32.80
4 Bedrooms 12.09
5 or more bedrooms 1.30