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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 18,112, 5,342 total housing units (homes and apartments), and a median house value of $886,131, Gainesville house prices are not only among the most expensive in Virginia, Gainesville real estate also is some of the most expensive in all of America.
Gainesville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Gainesville than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gainesville. Owner-occupied housing accounts for 85.13% of Gainesville's homes, and 70.65% have either three or four bedrooms, which is average sized relative to America.
Gainesville homes and real estate are some of the newest in America. 79.34% of Gainesville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Gainesville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 17.66%), and between 1940-1969 ( 2.85%).
Gainesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gainesville during the period has been just 5.41%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Gainesville's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Gainesville's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.
Importantly, this makes Gainesville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Gainesville's latest annual appreciation rate is lower than 60% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the town. 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.
$886,131
for Virginia
for nation
5,342
$3,211 / per month