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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 $229,831, lower than the Texas average of $322,096.
The average cost of rent is $1,107/mo in Gainesville, primarily driven by the current value of real estate in the Gainesville area. In Gainesville, 34.95% of households rent, and 49.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gainesville is $5,889 per month. Households that rent pay about 18.80% of their income on rent here. Gainesville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oak Ridge, TX: less expensive homes
- Lindsay, TX: higher priced homes
- Dexter, TX: higher priced homes
- Callisburg, TX: less expensive homes
- Lake Kiowa, TX: higher priced homes
- Woodbine, TX: less expensive homes
- Whitesboro, TX: higher priced homes
- Thackerville, OK: equally priced homes
- Myra, TX: higher priced homes
- Sturgeon, TX: less expensive homes
Cities with Similar Populations
- Selma, AL: less expensive homes
- Gardner, KS: higher priced homes
- Gettysburg, PA: higher priced homes
- Goodlettsville, TN: higher priced homes
- Green Valley, AZ: higher priced homes
- Groveland, FL: higher priced homes
- Harrisburg, NC: higher priced homes
- Harrison, AR: less expensive homes
- Hingham, MA: higher priced homes
- Scotch Plains, NJ: higher priced homes
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