Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$297,876−1.1% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 24% have cut their price
Income needed to buy, per year$64,573About 1.0× the local median income ($63,344): a stretch for a typical household
Days on market87 daysAbout the same pace as a year ago
Next 12 months−1.2%Zillow expects prices to dip slightly
The typical home in Gainesville, FL is worth $297,876, down 1.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $293,905, so the area is 1.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 87 days to sell, listings are down 2% from a year ago, 24% of listings have had a price cut. Zillow expects prices to fall about 1.2% over the next year. A household needs about $64,573 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,344. Typical rent is $1,641 a month, or $1,996 for a house. In the latest IRS figures, 580 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$297,876
Change in 1 year
−1.1%
Overvalued %
+1.4%
Show 7 more
Fair home value
$293,905
Change in 5 years
+17.6%
Zillow forecast, next 12 months
−1.2%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$1,614
Income needed to afford it
$64,573
Property tax rate
0.88%
Rent and investing
Typical rent
$1,641
Typical rent for houses
$1,996
Price-to-rent ratio
15.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,401
Gross rental yield
6.61%
Cap rate (estimate)
4.30%
Market activity
Listings vs a year ago
−2.4%
Days on market
87
Listings with a price cut
24.4%
Show 3 more
Homes for sale
1,405
Pending sales per 100 listings
26
Asking price per sq ft
$203
People and jobs
Median household income
$63,344
Population change (1 year)
+0.5%
Unemployment rate
4.3%
Show 4 more
Population
359,036
Income adjusted for cost of living
$65,506
Net moves in (IRS)
+580
Cost of living (US = 100)
96.7
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
83.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
83.2
Wildfire risk score
93.1
Walkability (1 to 20)
9.2
Road, rail and air noise
55 dB
Questions people ask
Is Gainesville, FL overvalued?
Home prices in Gainesville, FL are slightly above what local incomes have historically supported: fair value is about $293,905, so the area is 1.4% overvalued.
Is Gainesville, FL a buyer's or seller's market?
Gainesville, FL is a balanced market, leaning toward buyers: homes take about 87 days to sell, listings are down 2% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Gainesville, FL?
Home values in Gainesville, FL are down 1.1% over the last year. Zillow's forecast for the next 12 months is −1.2%.
How much do you need to earn to buy a home in Gainesville, FL?
A household needs about $64,573 a year to afford the typical home in Gainesville, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,344.