Cities with the fastest growing home prices in Gainesville metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Gainesville metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Gainesville, FL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 24 cities and towns with data available were included in the list.

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Stacker

#24. Cedar Key, FL

- 1-year price change: $-71,530 (-16.4%)
- 5-year price change: +$13,992 (+4.0%)
- Typical home value: $363,911 (#2 most expensive city in metro)
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#23. Manattee Road, FL

- 1-year price change: $-56,928 (-18.8%)
- 5-year price change: +$10,221 (+4.3%)
- Typical home value: $245,700 (#14 most expensive city in metro)
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#22. Andrews, FL

- 1-year price change: $-55,403 (-16.1%)
- 5-year price change: +$24,185 (+9.2%)
- Typical home value: $288,287 (#11 most expensive city in metro)
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#21. Williston, FL

- 1-year price change: $-40,426 (-13.6%)
- 5-year price change: +$33,403 (+14.9%)
- Typical home value: $257,820 (#12 most expensive city in metro)
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#20. Bronson, FL

- 1-year price change: $-34,041 (-13.1%)
- 5-year price change: +$27,241 (+13.7%)
- Typical home value: $225,680 (#19 most expensive city in metro)

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#19. Yankeetown, FL

- 1-year price change: $-30,714 (-9.4%)
- 5-year price change: +$50,332 (+20.4%)
- Typical home value: $297,024 (#9 most expensive city in metro)
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#18. Gulf Hammock, FL

- 1-year price change: $-30,020 (-13.1%)
- 5-year price change: +$16,838 (+9.2%)
- Typical home value: $199,788 (#22 most expensive city in metro)
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#17. Inglis, FL

- 1-year price change: $-29,829 (-11.6%)
- 5-year price change: +$34,182 (+17.7%)
- Typical home value: $227,255 (#18 most expensive city in metro)
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#16. Morriston, FL

- 1-year price change: $-26,284 (-6.5%)
- 5-year price change: +$83,720 (+28.7%)
- Typical home value: $375,804 (#1 most expensive city in metro)
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#15. Chiefland, FL

- 1-year price change: $-19,589 (-11.3%)
- 5-year price change: +$25,420 (+19.9%)
- Typical home value: $153,191 (#24 most expensive city in metro)

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#14. Waldo, FL

- 1-year price change: +$24,236 (+16.4%)
- 5-year price change: +$69,829 (+68.2%)
- Typical home value: $172,272 (#23 most expensive city in metro)
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#13. Hawthorne, FL

- 1-year price change: +$30,198 (+16.4%)
- 5-year price change: +$90,727 (+73.7%)
- Typical home value: $213,829 (#20 most expensive city in metro)
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#12. La Crosse, FL

- 1-year price change: +$32,777 (+18.7%)
- 5-year price change: +$89,237 (+75.3%)
- Typical home value: $207,799 (#21 most expensive city in metro)
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#11. Branford, FL

- 1-year price change: +$33,387 (+17.1%)
- 5-year price change: +$83,839 (+57.9%)
- Typical home value: $228,706 (#17 most expensive city in metro)
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#10. Trenton, FL

- 1-year price change: +$34,747 (+17.0%)
- 5-year price change: +$90,317 (+60.9%)
- Typical home value: $238,703 (#15 most expensive city in metro)

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#9. Bell, FL

- 1-year price change: +$34,898 (+17.5%)
- 5-year price change: +$87,105 (+59.4%)
- Typical home value: $233,829 (#16 most expensive city in metro)
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#8. Fanning Springs, FL

- 1-year price change: +$36,159 (+17.0%)
- 5-year price change: +$96,150 (+63.0%)
- Typical home value: $248,863 (#13 most expensive city in metro)
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#7. Gainesville, FL

- 1-year price change: +$39,808 (+15.8%)
- 5-year price change: +$111,804 (+62.3%)
- Typical home value: $291,229 (#10 most expensive city in metro)
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#6. Micanopy, FL

- 1-year price change: +$43,229 (+16.4%)
- 5-year price change: +$125,338 (+69.3%)
- Typical home value: $306,227 (#7 most expensive city in metro)
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#5. High Springs, FL

- 1-year price change: +$44,703 (+17.2%)
- 5-year price change: +$122,199 (+66.7%)
- Typical home value: $305,309 (#8 most expensive city in metro)

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#4. Alachua, FL

- 1-year price change: +$45,844 (+16.6%)
- 5-year price change: +$124,732 (+63.5%)
- Typical home value: $321,312 (#6 most expensive city in metro)
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#3. Newberry, FL

- 1-year price change: +$49,459 (+17.4%)
- 5-year price change: +$125,417 (+60.1%)
- Typical home value: $334,175 (#4 most expensive city in metro)
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#2. Earleton, FL

- 1-year price change: +$49,486 (+16.0%)
- 5-year price change: +$117,127 (+48.7%)
- Typical home value: $357,850 (#3 most expensive city in metro)
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#1. Archer, FL

- 1-year price change: +$51,503 (+18.4%)
- 5-year price change: +$132,621 (+66.7%)
- Typical home value: $331,477 (#5 most expensive city in metro)

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