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Gainesville city, FL

ZIP 32603 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32603

Median Home Value
$290,500
Median Rent
$1,059
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,866/mo PITI).

87%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

19.9x
Home Price-to-Income Ratio

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

22.9 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 32603 in Gainesville city, FL, a household would need roughly $80,000 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 $1,866. That is about 449% above the local median household income ($14,580), 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 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
10.4%-84% vs US avg
x
Vacancy Rate
25.8%+150% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
60.6%+22% vs US avg
x
Mortgage-Free
75.1%+97% vs US avg
x
$290,500
Home Value
$1,059
Rent
1980
Year Built
N/A
Moved In
Housing Structure

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

  • 1-unit detached16.9%
  • 1-unit attached3.7%
  • 2-9 units38.1%
  • 10+ units40.0%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$290,500
Median rent$1,059
Owner-occupied10.4%
Vacant25.8%
Price-to-income19.9x
Est. income to buy$80,000