Home Values

32653 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

$158,100

  • 4.3% 1-year change
  • 1.2% 1-year forecast

The median home value in 32653 is $158,100. 32653 home values have gone up 4.3% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in 32653 is $108, which is higher than the Gainesville average of $99. The median price of homes currently listed in 32653 is $189,000 while the median price of homes that sold is $173,500.

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 32653 is 3.7%, 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 32653 homeowners underwater on their mortgage is 22.0%, which is lower than Gainesville at 24.0%.

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Relative ZHVI
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32653 Market Overview

Data through Oct 31, 2014
  • $158,100 ZHVI
  • 1.2% 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
    (Oct 31, 2015)
  • $189,000 Median listing price
  • $173,500 Median sale price
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32653 Market Health

Data through Oct 31, 2014
  • 1.4/10 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
  • 22.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
32603 $207,600
32606 $178,600
32608 $167,400
Name Median ZHVI
32615 $158,100
32605 $148,000
32607 $137,900
Name Median ZHVI
32601 $108,800
32609 $87,600
 

Listings & Sales

Data through Oct 31, 2014
  • $108 Median list price / sq ft
  • $96 Median sale price / sq ft
  • 43.8% Listings with price cut
34.2%
Sold below listing
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32653 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,225 32653
    $1,158 Gainesville
    $1,337 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.68 Rent list price / sq ft
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