HousingHandbookReference data

U.S. ZIP Code · FL32607

Alachua County · Gainesville, FL

Typical home value

$289,857[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.5%
5-year / yr
+4.1%
10-year / yr
+6.2%

Relative price

vs U.S.
+2.0%
vs metro
-4.1%
vs state
-16.4%
ZIP 32607 location in FL
Location of ZIP 32607 in FL

Price history

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

The typical home in 32607 is worth $289,857 — 4.1% below the Gainesville, FL median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $1,573 a month — a 6.5% 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
$1,573[2]
Gross yield
6.5%[2]
Cap rate
3.9%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$3,289[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
35,720[3]
Median household income
$45,987[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

Run the numbers

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

Gross yield6.5%
Net yield (after ~40% expenses)3.9%
Annual rent$18,881

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.

Monthly payment$1,466
Loan principal$231,885
Down payment$57,971
Total interest paid$295,757

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.

Own : rent ratio1.26
Monthly cost to own$1,980
Monthly rent$1,573

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
8th percentile[1]
Rental yield
20th percentile[2]
Property tax
96th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32607?
The typical home in 32607 is worth $289,857, based on the Zillow Home Value Index.
Are home values rising in 32607?
Home values in 32607 are down 2.5% over the past year, and up 4.1% a year over five years.
What is the typical rent in 32607?
A typical home in 32607 rents for about $1,573 a month, a gross rental yield of 6.5%.
What is the property tax rate in 32607?
The effective property tax rate in 32607 is 1.1% — roughly $3,289 a year on a typical home.
Who lives in 32607?
ZIP code 32607 has a population of 35,720 and a median household income of $45,987.

#Comparable ZIPs

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

  • Williston Highlands CDP, FL

    Typical home
    $289,535
    Gross yield
  • Fanning Springs, FL

    Typical home
    $285,608
    Gross yield
  • Bell, FL

    Typical home
    $296,371
    Gross yield
  • Yankeetown, FL

    Typical home
    $278,244
    Gross yield
  • Manatee Road CDP, FL

    Typical home
    $276,971
    Gross yield
  • Gainesville, FL

    Typical home
    $307,869
    Gross yield
    7.2%

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