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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 $202,463, lower than the Florida average of $278,762.
The average cost of rent is $1,217/mo in Gainesville, primarily driven by the current value of real estate in the Gainesville area. While nearly 49.01% of residents own their homes outright in Gainesville, 52.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gainesville is $4,775 per month. Households that rent pay about 25.47% of their income on rent here. Gainesville's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Northwood, FL: less expensive homes
- Tacoma, FL: less expensive homes
- Newberry, FL: higher priced homes
- Archer, FL: equally priced homes
- Alachua, FL: higher priced homes
- Grove Park, FL: less expensive homes
- Peach Orchard, FL: less expensive homes
- Forest Grove, FL: equally priced homes
- Orange Heights, FL: less expensive homes
- Half Moon, FL: less expensive homes
Cities with Similar Populations
- Poughkeepsie, NY: higher priced homes
- Provo, UT: higher priced homes
- Queens, NY: higher priced homes
- O'fallon, MO: higher priced homes
- Orlando, FL: higher priced homes
- Northridge, CA: higher priced homes
- Omaha, NE: equally priced homes
- Pacoima, CA: higher priced homes
- Oviedo, FL: higher priced homes
- Owensboro, KY: less expensive homes
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