US5.com
  1. Home
  2. States
  3. Florida
  4. ZIP 32607
  5. Housing & Real Estate
Gainesville city, FL

ZIP 32607 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32607

Median Home Value
$297,800
Median Rent
$1,043
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,913/mo PITI).

27%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32607 in Gainesville city, FL, a household would need roughly $82,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,913. That is about 76% above the local median household income ($46,517), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
34.4%-47% vs US avg
x
Vacancy Rate
13.7%+33% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
0.3%-97% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
34.6%-30% vs US avg
x
Mortgage-Free
37.6%-1% vs US avg
x
$297,800
Home Value
$1,043
Rent
1986
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached30.4%
  • 1-unit attached6.9%
  • 2-9 units30.0%
  • 10+ units30.6%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$297,800
Median rent$1,043
Owner-occupied34.4%
Vacant13.7%
Price-to-income6.4x
Est. income to buy$82,000