How much is a home worth in ZIP code 32605?

The typical home in 32605 is worth $307,869, based on the Zillow Home Value Index.

Are home values rising in 32605?

Home values in 32605 are down 1.9% over the past year, and up 4.6% a year over five years.

What is the typical rent in 32605?

A typical home in 32605 rents for about $1,849 a month, a gross rental yield of 7.2%.

What is the property tax rate in 32605?

The effective property tax rate in 32605 is 1.0% — roughly $2,950 a year on a typical home.

ZIP code 32605 has a population of 24,689 and a median household income of $86,714.

HousingHandbookReference data

…

U.S. ZIP Code · FL32605

Alachua County · Gainesville, FL

Typical home value

$307,869^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.9%
5-year / yr: +4.6%
10-year / yr: +6.4%

Relative price

vs U.S.: +8.4%
vs metro: +1.9%
vs state: -11.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32605 is worth $307,869 — 1.9% above the Gainesville, FL median. Over the past year, values have fallen 1.9%. Homes here rent for a typical $1,849 a month — a 7.2% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,849^[2]
Gross yield: 7.2%^[2]
Cap rate: 4.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,950^[3]

#Climate risk

FEMA National Risk Index ratings for Alachua County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: No Rating
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Very Low

#Who lives here

Population: 24,689^[3]
Median household income: $86,714^[3]

#Migration

Household moves in and out of Alachua County over a year, from IRS tax-return data.

Net migration: -542^[5]
Moved in: 9,466
Moved out: 10,008

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 1

WESTWOOD MIDDLE SCHOOL
Middle · Grades 6–8 · ALACHUA
795 students
LITTLEWOOD ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
720 students
C. W. NORTON ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
539 students
GLEN SPRINGS ELEMENTARY SCHOOL
Elementary · Grades K–5 · ALACHUA
443 students
SIATECH MYCROSCHOOL INC.
High · Grades 9–12 · ALACHUA
154 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.2%

Net yield (after ~40% expenses)4.3%

Annual rent$22,194

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,557

Loan principal$246,296

Down payment$61,574

Total interest paid$314,136

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.11

Monthly cost to own$2,060

Monthly rent$1,849

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 36th percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 79th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32605?: The typical home in 32605 is worth $307,869, based on the Zillow Home Value Index.
Are home values rising in 32605?: Home values in 32605 are down 1.9% over the past year, and up 4.6% a year over five years.
What is the typical rent in 32605?: A typical home in 32605 rents for about $1,849 a month, a gross rental yield of 7.2%.
What is the property tax rate in 32605?: The effective property tax rate in 32605 is 1.0% — roughly $2,950 a year on a typical home.
Who lives in 32605?: ZIP code 32605 has a population of 24,689 and a median household income of $86,714.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

32625 vs 32605 →
Cedar Key, FL
Typical home
$314,383
Gross yield
—
32619 vs 32605 →
Bell, FL
Typical home
$296,371
Gross yield
—
32607
Gainesville, FL
Typical home
$289,857
Gross yield
6.5%
32696
Williston Highlands CDP, FL
Typical home
$289,535
Gross yield
—
32618
Archer, FL
Typical home
$326,459
Gross yield
—
32653
Gainesville, FL
Typical home
$329,302
Gross yield
7.0%

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#Jump to section

U.S. ZIP Code · FL32605

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