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Gainesville city, FL

ZIP 32608 — Housing & Real Estate

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

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32608

Median Home Value
$340,200
Median Rent
$1,171
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,185/mo PITI).

23%
Rent-to-Income Ratio

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

5.7x
Home Price-to-Income Ratio

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

24.2 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 32608 in Gainesville city, FL, a household would need roughly $94,000 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 $2,185. That is about 56% above the local median household income ($60,182), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
40.8%-38% vs US avg
x
Vacancy Rate
11.4%+11% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
2.0%-72% vs US avg
x
Rent Burden >30%
32.9%-34% vs US avg
x
Mortgage-Free
43.4%+14% vs US avg
x
$340,200
Home Value
$1,171
Rent
1993
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 detached32.2%
  • 1-unit attached5.1%
  • 2-9 units26.9%
  • 10+ units31.4%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$340,200
Median rent$1,171
Owner-occupied40.8%
Vacant11.4%
Price-to-income5.7x
Est. income to buy$94,000