In Gainesville, TX (76240), the median value of a house is $246,400. This is significantly lower than the US housing median value of $338,100. However, though its house appreciation rate over one year comes in lower than the US average at 8.27%, it still comes in much higher than the national average with its one-year appreciation rate of 16.66%. As such, despite being slightly more affordable for those interested in buying a home in this area, it still makes a great investment opportunity with its significant house appreciation rate.
The median home cost in Gainesville (zip 76240) is $246,400. Home appreciation the last 10 years has been 147.5%. Home Appreciation in Gainesville (zip 76240) is up 21.8%.
Average Age of Homes
- The median age of Gainesville (zip 76240) real estate is 40 years old
The Rental Market in Gainesville (zip 76240)
- Renters make up 30.5% of the Gainesville (zip 76240) population
- 0.8% of houses and apartments in Gainesville (zip 76240), 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.