Home Values

32606 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$177,200

  • 5.5% 1-year change
  • 1.4% 1-year forecast

The median home value in 32606 is $177,200. 32606 home values have gone up 5.5% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in 32606 is $112, which is higher than the Gainesville average of $100. The median price of homes currently listed in 32606 is $214,999 while the median price of homes that sold is $169,265. The median rent price in 32606 is $1,020, which is higher than the Gainesville median of $875.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 32606 is 5.1%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 32606 homeowners underwater on their mortgage is 21.0%, which is lower than Gainesville at 24.0%.

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Relative ZHVI
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32606 Market Overview

Data through Aug 31, 2014
  • $177,200 ZHVI
  • 1.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $214,999 Median listing price
  • $169,265 Median sale price
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32606 Market Health

Data through Aug 31, 2014
  • 2.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 21.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
32603 $202,300
32608 $167,400
32669 $166,600
Name Median ZHVI
32653 $156,300
32615 $154,800
32618 $153,100
Name Median ZHVI
32605 $149,800
32607 $138,300
32601 $106,500

Listings & Sales

Data through Aug 31, 2014
  • $112 Median list price / sq ft
  • $102 Median sale price / sq ft
  • 40.6% Listings with price cut
23.3%
Sold below listing
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32606 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,382 32606
    $1,167 Gainesville
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,020 Rent list price
  • $0.85 Rent list price / sq ft
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