Gainesville, Georgia 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 140% above the Georgia median$615,830
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Median rent 12% below the Georgia median$1,230
Housing Market Overview
| Metric | Gainesville | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $615,830 | $256,986 | $248,835 |
| Price Trend (Annual %) | 30.2% | 8.9% | 7.5% |
| Median Gross Rent | $1,230 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gainesville is about 140% higher than in Georgia. Rent is about 12% lower than the Georgia 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 30.2% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Gainesville rose about 51.8% between 2015 and 2024, from $811 to $1,230. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 9.1 yearly household incomes in Gainesville.
Buying the median-priced home in Gainesville costs roughly 41.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gainesville. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Gainesville | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $615,830 | $256,986 | $248,835 |
| Median Household Income | $67,466 | $77,523 | $80,455 |
| Price-to-Income Ratio | 9.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gainesville rose about 274.4%, while median household income rose about 48.3% 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 | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.1% | 58.9% | 58.5% |
| Rental Rate | 47.6% | 30.8% | 31.2% |
| Vacancy Rate | 10.3% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Gainesville has a homeownership rate of 42.1%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 10.3%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Gainesville | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1989 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.9 | 5.5 |
The typical housing unit in Gainesville was built around 1989. On average, 2.9 people live in a home with about 5.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gainesville, Georgia.
What is the median home price in Gainesville, Georgia?
The median home price in Gainesville, Georgia is $615,830, higher than the Georgia average of $256,986.
What is the average home price in Gainesville, Georgia?
The typical home price in Gainesville, Georgia, reported as the median sale price, is $615,830. 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, Georgia?
The median gross rent in Gainesville, Georgia is $1,230 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Gainesville in 2020?
In 2020, the median gross rent in Gainesville, Georgia was $932 per month.
What is the price-to-rent ratio in Gainesville, Georgia?
The price-to-rent ratio in Gainesville, Georgia is about 41.7, meaning it would take roughly 41.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gainesville.
Are home prices or rent rising faster in Gainesville, Georgia?
Both home prices and rent are rising in Gainesville, up about 30.2% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gainesville, Georgia?
42.1% of households in Gainesville, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Gainesville, Georgia?
The housing vacancy rate in Gainesville, Georgia is 10.3%, about the same as the Georgia average.
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