Gainesville, Florida, is home to over 50,000 university students, fueling the demand for rental units year after year. U.S. statistics on tenant demand in 2017 reported over 100 million occupants, making it an ideal area for investment property opportunities.
Median rents in the U.S. increased by nearly 50% from 2007 to 2017. College towns offer a built-in investment element to earned income property, helping to offset the mortgage payments as property values increase with growing appreciation. The market trends have experienced a steady percent of property appreciation over the past 12 months.
Effective agents allow you to compare realtors® in Gainesville. Talk with a Gainesville realtor about affordable locations consisting of single-family homes and multiple-family properties from townhomes to condos and apartments. Find out what gives each location its personality and lifestyle characteristics.
SW 8th Ave
Single-family, multi-unit complexes, and high rise apartments make up this Gainesville location. Most of the residences are owner-occupied with a smaller percentage of rentals. The location structures are reasonably young but established, making this a great area for investment properties.
- Median home price: $450,000
- Median rent price: $1,289
Close to the University of Florida, real estate is comprised of small studio and two-bedroom apartment complexes and high-rise apartments. This Gainesville location is the perfect setting for students attending classes, explaining the high rate of renter occupants. Many of the homes are older and have been updated or renovated, so investment properties here are just as attractive as their newer counterparts.
- Median home price: $365,000
- Median rent price: $900
Downtown Gainesville, Duckpond
A part of Gainesville’s history is located here as a National Registry Place. Residents enjoy the mix of history with the touch of contemporary and stylish designs, so investment properties here will likely draw a variety of tenants.
Thomas Center Galleries is the heart of the community featuring a cultural center and art galleries with local history exhibits. The center is minutes from downtown activities where lifestyles include back patio social events after dinner theater at the Hippodrome or a night of dancing.
- Median home price: $225,000
- Median rent: $1,200
Choose between contemporary, modern, and homes with a hint of tradition in Gainesville's University Park. This location is quiet and walkable with homes close to local activity and nearby amenities including restaurants, shopping, and nightlife. Residents enjoying living in this location with a mixture of renters and owners rating the community as family-oriented, friendly, and safe, so investment properties here will likely draw more families.
- Median home price: $300,000
- Median rent price: $950
Residences consist of medium-sized single-family homes, small studios, two-bedroom units, and high rise apartments. The Gainesville location is a mixture of owner-occupied and renters, allowing room for plenty of investment opportunities. The houses have their own characteristics while blending with popular and convenient designs to fit today’s lifestyles.
- Median prices: $140,000
- Median rent: $975.
Effective Agents are helping to make a difference whether you choose to buy and rent investment property or plan to occupy the residence sometime in the future. Investment property models are keeping pace with the changing rental market, aligned with better than fair market comparisons.
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Cover photo courtesy of Flickr- jrgatormojo