Gainesville, TX Real Estate Market
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Gainesville, TX Housing Market Trends
With a population of 17,912, 6,792 total housing units (homes and apartments), and a median house value of $230,692, house prices in Gainesville are solidly below the national average.
Single-family detached homes are the single most common housing type in Gainesville, accounting for 73.72% of the city's housing units. Other types of housing that are prevalent in Gainesville include large apartment complexes or high rise apartments ( 12.08%), duplexes, homes converted to apartments or other small apartment buildings ( 11.86%), and a few mobile homes or trailers ( 1.55%).
The most prevalent building size and type in Gainesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.32% owning and 51.68% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gainesville's housing was primarily built during this period, from the '40s through the '60s. A full 42.67% of the city's housing hails from this era. Other housing ages represented in Gainesville include homes built between 1970-1999 ( 32.19%) and housing constructed between 2000 and later ( 18.06%). There's also some housing in Gainesville built before 1939 ( 7.08%).
Gainesville Home Appreciation Rates
In the last 10 years, Gainesville has experienced some of the highest home appreciation rates of any community in the nation. Gainesville real estate appreciated 126.75% over the last ten years, which is an average annual home appreciation rate of 8.53%, putting Gainesville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gainesville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Gainesville appreciation rates have trailed the rest of the nation. In the last twelve months, Gainesville's appreciation rate has been 4.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gainesville were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Gainesville's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gainesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gainesville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gainesville real estate investment or home purchase decisions.
Median Home Value
$230,692
Average
for Texas
Low
for nation
Number of Homes And Apartments:
6,792
TX
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,785 / per month