Gainesville, FL

Population: 127,488
Average annual home appreciation rate: -6.16%
Total of homes for sale in this market: 1,221
Median home price: $143,028
Median Rent: $887 per room
Home price range: 48.86% of homes are between $96,001 – $193,000
Median sales price: $132,750
Number of homes: 659
Median foreclosure sales price: $65,000
Foreclosure discount: 51%
Most common home type: 40.63% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 16.24%
Number of renters: 66.71%
Number of owner occupied: 33.29%
Number people living below poverty level: 34.76%
Unemployment rate: 4.80%
Is this area perfect for real estate deals going on right now? Relative to Florida, data shows that Gainesville’s latest annual appreciation rate is lower than 80% of the other cities and towns in Florida. Markets such as Gainesville can spell opportunity for the savvy cash investor. Based on the fact that down markets can produce properties owned by motivated sellers who are much more willing to negotiate the prices of their properties, when cash is the means of the purchase.

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