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Gainesville real estate market overview
- Average Monthly Rent: $1,662
- Home Price/Value Percentage Change: 8.00%
- Median Home Value: $285,603
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 70
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Gainesville is an energetic college town that's located in the north central Florida region of Alachua County. Over 30 miles of biking and hiking trails can be found here, along with scenic rivers and freshwater springs, such as the Ichetucknee Springs State Park. This relaxing city is a tourist attraction that brings in Gator football fans and college students year-round.
The weather in Gainesville is hot and humid, with average temperatures in the 80s and 90s. Winter temperatures reach lows in the 40s.
Population, job market and cost of living
Gainesville has a population of 146,104, with a growth rate of 1.16% annually.
The job market has decreased by -5.19% over the last year. In ten years, job growth is predicted to be 39.56%. Gainesville was ranked the #1 area to live and work in the nation by Cities Ranked and Rated. It is home to the University of Florida, which is the largest employer of Gainesville and the primary reason for its booming education industry. It's also the home of Shanes Healthcare System, which contributes to a large portion of the job opportunity here.
Gainesville is an overall affordable place to live, as it boasts inexpensive housing costs that are lower than most Floridian cities of its size.
Gainesville real estate market details
- Suburban Heights
- University Park
- Duckpond
- Haile Plantation
- Pleasant Street Historic District
The average monthly rent in Gainesville is $1,662 for an average apartment size of 1.018 sq. feet.
There has been a 8.0% increase in Gainesville's median home value over the last year. As of 2023, the median home value is $285,603.
On average, homes in Gainesville sell after 70 days on the market.
Homeowners looking to earn the most value for their home should sell during May. Those more interested in a fast sale should sell during July.
The affordability index in Gainesville is 90. This number indicates moderate affordability in this city.
The top ranked public schools are Expressions Learning Arts Academy, Meadowbrook Elementary School, Hidden Oak Elementary School, Lawton M. Chiles Elementary School, Bouldware Springs Charter and Kimball Wiles Elementary School. This information is supported by data from The US Department of Education, The US Census Bureau and the Florida Department of Education.