ZIP Code Market Report
32608 — Gainesville, FL
Data through February 2026 · Updated monthly
Avg Home Value
$332,457
▼ 1.9% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$388,561
Condo / Co-op
$165,595
The average home value in the 32608 ZIP code (Gainesville, FLORIDA) is $332,457 as of February 2026. Home prices are declining, down 1.9% compared to last year.
A 3-bedroom home in 32608 is valued at $353,023. 1-bedroom units start around $125,456. Single-family homes average $388,561, while condos average $165,595.
The market in 32608 has a $387,242 spread between bottom-tier homes at $174,340 and top-tier homes at $561,582. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 32608 ZIP code will increase 0.0% over the next 12 months. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Alachua County market area in FLORIDA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Alachua County report.
Free Home Value Estimate
What's your home worth in 32608 (Gainesville)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
32608 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $334,713 | $333,956 | $332,457 | ▼ 0.7% |
| Single Family Value | $387,987 | $388,276 | $388,561 | ▲ 0.1% |
Home Values
32608 Home Value Trend
Historical home values for ZIP code 32608. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 32608
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $125,456 |
| 2 Bedrooms | $169,359 |
| 3 Bedrooms | $353,023 |
| 4 Bedrooms | $490,168 |
Property Types
Home Values by Property Type in 32608
How different property types compare in this ZIP code.
All Homes
$332,457
Single Family
$388,561
Condo / Co-op
$165,595
Bottom Tier
$174,340
Top Tier
$561,582
Forecast
12-Month Home Value Forecast for 32608
Zillow projects home values in 32608 will increase 0.0% over the next year.
Current Value
$332,457
Projected Change
0.0%
▲ 0.0%
Projected Value
--
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 32608 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Gainesville?
Run your ARV and MAO instantly with live market data