How much is a home worth in ZIP code 32609?

The typical home in 32609 is worth $223,315, based on the Zillow Home Value Index.

Are home values rising in 32609?

Home values in 32609 are down 3.6% over the past year, and up 4.6% a year over five years.

What is the typical rent in 32609?

A typical home in 32609 rents for about $1,463 a month, a gross rental yield of 7.9%.

What is the property tax rate in 32609?

The effective property tax rate in 32609 is 0.8% — roughly $1,796 a year on a typical home.

ZIP code 32609 has a population of 19,752 and a median household income of $49,406.

HousingHandbookReference data

…

U.S. ZIP Code · FL32609

Alachua County · Gainesville, FL

Typical home value

$223,315^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.6%
5-year / yr: +4.6%
10-year / yr: +8.1%

Relative price

vs U.S.: -21.4%
vs metro: -26.1%
vs state: -35.6%

Price history

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

The typical home in 32609 is worth $223,315 — 26.1% below the Gainesville, FL median. Over the past year, values have fallen 3.6%. Homes here rent for a typical $1,463 a month — a 7.9% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,463^[2]
Gross yield: 7.9%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,796^[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: 19,752^[3]
Median household income: $49,406^[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: 12
Elementary: 5
Middle: 2
High: 4

GAINESVILLE HIGH SCHOOL
High · Grades 9–12 · ALACHUA
1,791 students
HOWARD W. BISHOP MIDDLE SCHOOL
Middle · Grades 6–8 · ALACHUA
846 students
W. A. METCALFE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
444 students
MARJORIE KINNAN RAWLINGS ELEMENTARY SCHOOL
Elementary · Grades PK–5 · ALACHUA
420 students
STEPHEN FOSTER ELEMENTARY SCHOOL
Elementary · Grades K–5 · ALACHUA
386 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 yield7.9%

Net yield (after ~40% expenses)4.7%

Annual rent$17,560

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$1,129

Loan principal$178,652

Down payment$44,663

Total interest paid$227,860

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 ratio1.00

Monthly cost to own$1,464

Monthly rent$1,463

Owning and renting are roughly even.

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: 40th percentile^[1]
Rental yield: 90th percentile^[2]
Property tax: 38th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32609?: The typical home in 32609 is worth $223,315, based on the Zillow Home Value Index.
Are home values rising in 32609?: Home values in 32609 are down 3.6% over the past year, and up 4.6% a year over five years.
What is the typical rent in 32609?: A typical home in 32609 rents for about $1,463 a month, a gross rental yield of 7.9%.
What is the property tax rate in 32609?: The effective property tax rate in 32609 is 0.8% — roughly $1,796 a year on a typical home.
Who lives in 32609?: ZIP code 32609 has a population of 19,752 and a median household income of $49,406.

#Comparable ZIPs

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

32694 vs 32609 →
Waldo, FL
Typical home
$232,580
Gross yield
—
32640 vs 32609 →
Hawthorne, FL
Typical home
$234,215
Gross yield
—
32621
East Bronson CDP, FL
Typical home
$246,631
Gross yield
—
34449
Inglis, FL
Typical home
$251,121
Gross yield
—
32641
Gainesville, FL
Typical home
$183,004
Gross yield
10.5%
32601
Gainesville, FL
Typical home
$263,728
Gross yield
6.6%

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

Compare ZIPs

Pit ZIP 32609 against any other ZIP — full side-by-side table.

Compare 32609 →

#Jump to section

U.S. ZIP Code · FL32609

Get more data on ZIPs like this

Get more data on ZIPs like this