Gainesville, GA


Highest Appreciating Gainesville Neighborhoods Since 2000

Gainesville, GA 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 38,712 people, 12,426 houses or apartments, and a median cost of homes of $181,433, Gainesville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gainesville, accounting for 44.35% of the city's housing units. Other types of housing that are prevalent in Gainesville include large apartment complexes or high rise apartments ( 37.68%), duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), and a few row houses and other attached homes ( 6.37%).

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 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 ( 25.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.25%). There's also some housing in Gainesville built before 1939 ( 4.91%).

Vacant housing appears to be an issue in Gainesville. Fully 10.48% 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

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 -0.81%, which is lower than 70% of US communities.

Appreciation rates are so strong in Gainesville that despite a nationwide downturn in the housing market, Gainesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gainesville appreciation rates continue to be some of the highest in America, at 10.57%, which is higher than appreciation rates in 95.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gainesville. Gainesville appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Gainesville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Gainesville's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Gainesville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Gainesville, GA HOME PRICES

Value Range
> $1,225,000 1.1
$919,001 - $1,225,000 0.8
$612,001 - $919,000 2.1
$490,001 - $612,000 4.3
$367,001 - $490,000 5.8
$245,001 - $367,000 10.4
$122,001 - $245,000 36.6
$61,001 - $122,000 30.7
$0 - $61,000 8.2

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
37.6508848001875 19.8731501057082

Number Of Homes And Apartments:

Gainesville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
21.43% 1.13% 5 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$959 / per month

Homeownership Rate

Owners 36.02
Renters 63.98
Vacant 10.48

Housing Market Details


Age of Homes

AGE OF Gainesville HOMES
2000 or Newer 23.2
1970 - 1999 46.0
1940 - 1969 25.8
1939 or Older 4.9

Types of Homes

TYPE OF Gainesville HOMES
Single-Family 44.4
Townhomes 6.4
Small Apt. Buildings 9.5
Apt. Complexes 37.7
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Gainesville HOMES
No Bedroom 3.09
1 Bedroom 13.38
2 Bedrooms 33.19
3 Bedrooms 33.70
4 Bedrooms 12.51
5 or more bedrooms 4.12