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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 $346,113, higher than the Georgia average of $324,634.
The average cost of rent is $1,360/mo in Gainesville, primarily driven by the current value of real estate in the Gainesville area. In Gainesville, 36.36% of households rent, and 43.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gainesville is $6,803 per month. Households that rent pay about 19.99% of their income on rent here. Gainesville’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakwood, GA: equally priced homes
- Sunset Heights, GA: higher priced homes
- White Sulphur, GA: less expensive homes
- Chestatee, GA: higher priced homes
- Flowery Branch, GA: higher priced homes
- Talmo, GA: less expensive homes
- Gillsville, GA: less expensive homes
- Braselton, GA: higher priced homes
- Lula, GA: less expensive homes
- Pendergrass, GA: equally priced homes
Cities with Similar Populations
- Paterson, NJ: equally priced homes
- Parma, OH: less expensive homes
- Parker, CO: higher priced homes
- Pittsburg, CA: higher priced homes
- Plantation, FL: higher priced homes
- Pearland, TX: equally priced homes
- Perris, CA: higher priced homes
- Plant City, FL: less expensive homes
- Ponce, PR: less expensive homes
- Plainfield, IL: equally priced homes
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