Gainesville's October First-Time Homebuyer Report

Gainesville is much older than the rest of Virginia, with a median age of 34. It's very affluent as well, with a median income of $100,124 per household. The Gainesville market is mostly made up of detached homes, currently accounting for 57% overall. The top school in the city is Bull Run Middle School.

Price Range

Some of the more expensive homes in Virginia are in Gainesville with a median home value of $359,000 and an average list price for available homes currently at $466,800. The Gainesville market broke below its 12-month average sales volume this week as sales fell 10.3% to hit 35 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Gainesville that generated the most views from potential buyers:

$179K   $295K   $450K  

Typical Dwelling

The typical dwelling in Gainesville is a three-bedroom townhouse worth about $312,189. To purchase a similar home, a buyer with good credit and a $62,438 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,639 monthly payment. The property tax rate is $12.99 per $1,000 of taxable assessed value.

Get started right now by checking out Gainesville homes for sale or reviewing Gainesville real estate trends.


Data reported through 10/13/2016

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