32653, Gainesville, FL

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. Home prices are the price at which homes are sold in a given area. Both home equity and home prices can vary significantly from one area to another, depending on factors such as interest rates, population density, and housing availability.

In the 32653 zip code of Gainesville, FL, home equity averaged $225,000 in 2017. This was up from $209,000 in 2016 and $191,000 in 2015. The median home value in this zip code was $269,500 in 2017. This was up from $255,500 in 2016 and $236,500 in 2015. The average monthly payment on a mortgage for homeowners with a 20% down payment was $1,058 in 2017. This was down from $1,128 in 2016 and up from $1,008 in 2015.