The housing market in Gainesville, FL is thriving. The median value of a house in Gainesville is 271,700, which is significantly lower than the US median house value of 338,100. In addition to being more affordable, housing in Gainesville has had greater appreciation over the past year, with a 15% increase compared to the 8.27% national average. This suggests that investment in the local housing market can be highly profitable and beneficial for residents and investors alike.
The median home cost in Gainesville is $271,700. Home appreciation the last 10 years has been 123.1%. Home Appreciation in Gainesville is up 20.8%.
Average Age of Homes
- The median age of Gainesville real estate is 36 years old
The Rental Market in Gainesville
- Renters make up 51.6% of the Gainesville population
- 10.2% of houses and apartments in Gainesville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.