32609, Gainesville, FL

The 32609 zip code of Gainesville, FL has a median home value of $183,000 and a median home equity value of $141,000. This is significantly lower than the statewide median home value of $217,500 and statewide median home equity value of $236,100. The main factors contributing to this discrepancy are likely the low population density in the area and the lack of available land for development.

In addition to having a lower median home value and equity than the statewide averages, the 32609 zip code also experiences a higher rate of foreclosure activity. This is likely due to the high unemployment rate in this area as well as low incomes. As a result, many homeowners in this zip code are struggling to keep up with their mortgage payments.