32608, Gainesville, FL

The 32608 zip code of Gainesville, FL is located in the Northeast region of the state. The population of this area was 153,821 as of the 2010 census. Home prices in this area have increased significantly over the past few years, reaching a median sale price of $217,000 in January 2017. This is a 14% increase from the median sale price of $190,000 recorded in January 2016.

The main drivers behind this increase are likely attributable to both market conditions and local factors. The overall economy has been strong over the past few years, which has led to an increase in demand for housing across all price ranges. Additionally, Gainesville is experiencing increasing popularity as a desirable location to live and work. This combination has led to an influx of new residents and investors into the area, which has helped drive up home prices.

Despite these positive trends, there are still some risks associated with buying or selling a home in Gainesville right now. First and foremost is the fact that interest rates are still relatively low – meaning that buyers may be able to get more money for their home than they would have six months ago but they will also be paying more interest on their loan than they would if rates were higher. Additionally, there is always potential for market volatility – meaning that even if prices continue to rise rapidly there could be a sudden drop later on down the line that could cause homeowners to lose money on their investments.