32605, Gainesville, FL

The 32605 zip code of Gainesville, FL is a suburban area located in Alachua County. The population of the zip code was 128,711 as of the 2010 census. Home prices in the 32605 zip code have increased significantly over the past several years and are now among the highest in Florida.

According to Zillow, home prices in Gainesville rose by an average of 9.5% from January 2013 to January 2017. This makes Gainesville one of the fastest-growing housing markets in America. In addition, home values have continued to increase since then, increasing by an average of 5.4% from January 2017 to January 2018. As a result, the median home value in Gainesville is now $240,000 and ranks as the seventh-highest median home value in Florida.

One reason for this rapid appreciation in home values is that there are many affluent residents living in Gainesville. In fact, according to Forbes magazine, Gainesville is one of America’s “10 Best Cities for Young Professionals” due to its high quality of life and affordable housing prices. Furthermore, many companies headquartered in Gainesville (including Intel and 3M) have been very successful over the past several years and are likely contributing to rising home values as well.

Despite these positive factors, there are some potential risks associated with purchasing a home within the 32605 zip code of Gainesville. For example, if interest rates rise significantly from their current low levels or if another major city experiences a housing bubble burst similar to what we experienced during the 2008-2009 recession, then homeowners within this area may experience significant losses on their homes equity investments..