Safe Rate Local

Gainesville

Learn about the people, housing, costs and businesses in Gainesville

Median Home$265,943
Median Rent$1,306/month
Population349,923
Leading IndustryPublic Administration35% of local workforce
Home Value Growth⬆⬆+18.8% over 2 years
Young Adults38% of residentstop 5% nationally
Homeowners59% of occupied units
Gainesville

Frequently Asked Questions

What are today's mortgage rates in Gainesville?

Mortgage rates for Gainesville are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Gainesville
What is the median home price in Gainesville?

The median home value in Gainesville is $266k. The median monthly rent is $1,306. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gainesville?

Home values in Gainesville have increased 18.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gainesville?

Based on a typical all-in ownership cost of $1,195/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gainesville is $66k/year.

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What industries drive the economy in Gainesville?

The largest employment sectors in Gainesville are public administration (35%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.