Gainesville, FL

Population: 127,036
Average annual home appreciation rate: 2.17%
Total of homes for sale in this market:
Median home price: $126,640
Median Rent: $636 per room
Home price range: 48.20% of homes are between $80,001 – $159,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 40.74% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 13.58%
Number of renters: 60.24%
Number of owner occupied: 39.76%
Number people living below poverty level: 34.97%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? Gainesville has many factors that investors call the “perfect storm”. Just to name a few: Lower overall home prices, multiple vacant/troubled properties available on the market, higher than average rental rates, positive home appreciation rate, and higher poverty levels in the area. Savvy real estate investors can take a market like Gainesville, and turn a great return on investment.

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