How much is a home worth in ZIP code 32608?

The typical home in 32608 is worth $336,839, based on the Zillow Home Value Index.

Are home values rising in 32608?

Home values in 32608 are down 1.8% over the past year, and up 4.0% a year over five years.

What is the typical rent in 32608?

A typical home in 32608 rents for about $1,609 a month, a gross rental yield of 5.7%.

What is the property tax rate in 32608?

The effective property tax rate in 32608 is 1.1% — roughly $3,659 a year on a typical home.

ZIP code 32608 has a population of 54,566 and a median household income of $61,588.

HousingHandbookReference data

…

U.S. ZIP Code · FL32608

Alachua County · Gainesville, FL

Typical home value

$336,839^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.8%
5-year / yr: +4.0%
10-year / yr: +5.4%

Relative price

vs U.S.: +18.6%
vs metro: +11.5%
vs state: -2.9%

Price history

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

The typical home in 32608 is worth $336,839 — 11.5% above the Gainesville, FL median. Over the past year, values have fallen 1.8%. Homes here rent for a typical $1,609 a month — a 5.7% 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: $1,609^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 1.1%^[3]
Typical annual tax: $3,659^[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: 54,566^[3]
Median household income: $61,588^[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: 9
Elementary: 5
Middle: 2
High: 1

KANAPAHA MIDDLE SCHOOL
Middle · Grades 6–8 · ALACHUA
1,070 students
KIMBALL WILES ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
830 students
LAWTON M. CHILES ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
699 students
MYRA TERWILLIGER ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
637 students
IDYLWILD ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
628 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 yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$19,304

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$1,703

Loan principal$269,471

Down payment$67,368

Total interest paid$343,695

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 ratio1.42

Monthly cost to own$2,290

Monthly rent$1,609

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: 4th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 92nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32608?: The typical home in 32608 is worth $336,839, based on the Zillow Home Value Index.
Are home values rising in 32608?: Home values in 32608 are down 1.8% over the past year, and up 4.0% a year over five years.
What is the typical rent in 32608?: A typical home in 32608 rents for about $1,609 a month, a gross rental yield of 5.7%.
What is the property tax rate in 32608?: The effective property tax rate in 32608 is 1.1% — roughly $3,659 a year on a typical home.
Who lives in 32608?: ZIP code 32608 has a population of 54,566 and a median household income of $61,588.

#Comparable ZIPs

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

32643 vs 32608 →
High Springs, FL
Typical home
$334,420
Gross yield
—
32615 vs 32608 →
Alachua, FL
Typical home
$333,280
Gross yield
7.9%
32653
Gainesville, FL
Typical home
$329,302
Gross yield
7.0%
32618
Archer, FL
Typical home
$326,459
Gross yield
—
32606
Gainesville, FL
Typical home
$347,369
Gross yield
5.9%
32669
Newberry, FL
Typical home
$350,264
Gross yield
7.4%

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Pit ZIP 32608 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL32608

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