Gainesville, Florida Housing Market Prices
Gainesville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 47% below the Florida median$166,041
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Median rent 23% below the Florida median$1,283
Housing Market Overview
| Metric | Gainesville | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,041 | $311,338 | $248,835 |
| Price Trend (Annual %) | 9.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,283 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gainesville is about 47% lower than in Florida. Rent is about 23% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Gainesville, up about 9.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Gainesville rose about 53.7% between 2015 and 2024, from $834 to $1,283. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Gainesville.
Buying the median-priced home in Gainesville costs roughly 10.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Gainesville. The price-to-rent ratio in Florida is about 15.6.
| Metric | Gainesville | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,041 | $311,338 | $248,835 |
| Median Household Income | $45,202 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gainesville rose about 93.3%, while median household income rose about 53.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Gainesville | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 32.9% | 57.7% | 58.5% |
| Rental Rate | 57.2% | 27.7% | 31.2% |
| Vacancy Rate | 9.9% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Gainesville has a homeownership rate of 32.9%, lower than the Florida average of 57.7%. Its housing vacancy rate is 9.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | Gainesville | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1982 | 1988 | 1978 |
| Median Number of Rooms | 4.7 | 5.2 | 5.5 |
The typical housing unit in Gainesville was built around 1982. On average, 2.1 people live in a home with about 4.7 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gainesville, Florida.
What is the median home price in Gainesville, Florida?
The median home price in Gainesville, Florida is $166,041, lower than the Florida average of $311,338.
What is the average home price in Gainesville, Florida?
The typical home price in Gainesville, Florida, reported as the median sale price, is $166,041. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Gainesville, Florida?
The median gross rent in Gainesville, Florida is $1,283 per month, lower than the Florida average of $1,668.
What was the median gross rent in Gainesville in 2020?
In 2020, the median gross rent in Gainesville, Florida was $966 per month.
What is the price-to-rent ratio in Gainesville, Florida?
The price-to-rent ratio in Gainesville, Florida is about 10.8, meaning it would take roughly 10.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Gainesville.
Are home prices or rent rising faster in Gainesville, Florida?
Both home prices and rent are rising in Gainesville, up about 9.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gainesville, Florida?
32.9% of households in Gainesville, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Gainesville, Florida?
The housing vacancy rate in Gainesville, Florida is 9.9%, lower than the Florida average of 14.6%.
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