Gainesville, TX is a great place to invest in housing. The median value of homes in Gainesville stands at $197,500, which is significantly lower than the US median of $338,100. This makes it a much more affordable option than other places across the country. In addition, the appreciation rate for housing has been quite remarkable over the past year with a 16.66% increase compared to only 8.27% for the US as a whole. This indicates that investing in real estate in Gainesville could be a very wise decision and may provide significant returns over time.
The median home cost in Gainesville is $197,500. Home appreciation the last 10 years has been 147.5%. Home Appreciation in Gainesville is up 21.8%.
Average Age of Homes
- The median age of Gainesville real estate is 52 years old
The Rental Market in Gainesville
- Renters make up 39.7% of the Gainesville population
- 1.2% 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.