32601, Gainesville, FL

Gainesville, Florida is a city located in Alachua County. The 32601 zip code covers a total area of 2.3 square miles and has a population of about 128,000 people. Home equity is an important part of the American dream, and home prices are often used as a measure of economic health. In Gainesville, home equity values have been on the rise for the past few years, reaching an all-time high in 2016.

The average home value in Gainesville was $194,200 in 2016. This represents an increase of more than 20% from the average home value of $158,100 recorded in 2012. The median home value in Gainesville was $166,600 in 2016, which indicates that half of all homes in the zip code are worth more than this amount and half are worth less. Over the past five years (2012-2016), the median home value has increased by almost 28%.

While there is no one answer to why home prices have been increasing so rapidly in Gainesville over the past few years, several factors may be contributing factors. First and foremost is likely that demand for housing has been strong due to both population growth and low unemployment rates within the city limits. Additionally, gains made by homeowners during the recent recession may now be coming back to haunt them as their homes continue to appreciate at a faster rate than inflation would predict over time. Finally, although interest rates have remained relatively stable throughout this period (at around 4%), other costs associated with owning a house such as maintenance or insurance premiums have continued to increase at a faster rate than wages or rent payments can keep up with.