The Most Affordable Neighborhoods in Gainesville, AL by Home Value

These days, finding an affordable place to live in the Gainesville area can be challenging. Home prices in Gainesville are now at a median cost of $43,624, lower than the Alabama average of $228,911.

The average cost of rent is $905/mo in Gainesville, primarily driven by the current value of real estate in the Gainesville area. In Gainesville, 44.68% of households rent, and 74.36% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gainesville is $2,097 per month. Households that rent pay about 43.16% of their income on rent here. Gainesville’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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