How much is a home worth in ZIP code 32606?

The typical home in 32606 is worth $347,369, based on the Zillow Home Value Index.

Are home values rising in 32606?

Home values in 32606 are down 2.3% over the past year, and up 4.3% a year over five years.

What is the typical rent in 32606?

A typical home in 32606 rents for about $1,709 a month, a gross rental yield of 5.9%.

What is the property tax rate in 32606?

The effective property tax rate in 32606 is 1.1% — roughly $3,981 a year on a typical home.

ZIP code 32606 has a population of 23,022 and a median household income of $87,953.

HousingHandbookReference data

…

U.S. ZIP Code · FL32606

Alachua County · Gainesville, FL

Typical home value

$347,369^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.3%
5-year / yr: +4.3%
10-year / yr: +5.8%

Relative price

vs U.S.: +22.3%
vs metro: +15.0%
vs state: ≈ state median

Price history

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

The typical home in 32606 is worth $347,369 — 15.0% above the Gainesville, FL median. Over the past year, values have fallen 2.3%. Homes here rent for a typical $1,709 a month — a 5.9% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent: $1,709^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $3,981^[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: 23,022^[3]
Median household income: $87,953^[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: 2
Middle: 1
High: 2

F. W. BUCHHOLZ HIGH SCHOOL
High · Grades 6–12 · ALACHUA
2,444 students
FORT CLARKE MIDDLE SCHOOL
Middle · Grades 6–8 · ALACHUA
888 students
MEADOWBROOK ELEMENTARY SCHOOL
Elementary · Grades K–5 · ALACHUA
869 students
HIDDEN OAK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
735 students
SANTA FE COLLEGE HIGH SCHOOL DUAL ENROLLMENT
High · Grades 11–12 · ALACHUA
0 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$20,504

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$1,756

Loan principal$277,895

Down payment$69,474

Total interest paid$354,440

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 ratio1.39

Monthly cost to own$2,379

Monthly rent$1,709

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: 12th percentile^[1]
Rental yield: 10th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32606?: The typical home in 32606 is worth $347,369, based on the Zillow Home Value Index.
Are home values rising in 32606?: Home values in 32606 are down 2.3% over the past year, and up 4.3% a year over five years.
What is the typical rent in 32606?: A typical home in 32606 rents for about $1,709 a month, a gross rental yield of 5.9%.
What is the property tax rate in 32606?: The effective property tax rate in 32606 is 1.1% — roughly $3,981 a year on a typical home.
Who lives in 32606?: ZIP code 32606 has a population of 23,022 and a median household income of $87,953.

#Comparable ZIPs

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

32669 vs 32606 →
Newberry, FL
Typical home
$350,264
Gross yield
7.4%
32608 vs 32606 →
Gainesville, FL
Typical home
$336,839
Gross yield
5.7%
32643
High Springs, FL
Typical home
$334,420
Gross yield
—
32667
Micanopy, FL
Typical home
$360,740
Gross yield
—
32615
Alachua, FL
Typical home
$333,280
Gross yield
7.9%
32653
Gainesville, FL
Typical home
$329,302
Gross yield
7.0%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 32606 against any other ZIP — full side-by-side table.

Compare 32606 →

#Jump to section

U.S. ZIP Code · FL32606

Get more data on ZIPs like this

Get more data on ZIPs like this