In July 2021, Gainesville home prices were up 12.2% compared to last year, selling for a median price of $315K. On average, homes in Gainesville sell after 12 days on the market compared to 62 days last year. There were 156 homes sold in July this year, down from 232 last year.
Gainesville Housing Market Trends
How Hot is the Gainesville Housing Market?
Investing in Single-Family Rental Homes
Source: National Association of Realtors® (NAR)
When real estate professionals think about a rental property, they often picture multi-unit apartment buildings – but they should envision single-family homes. Single-family rentals have increased by 31% in the past 10 years and make up 42% of the housing stock.
When investors buy a house to flip, they have the cost of buying, repairing and selling. When they buy a single-family rental, they only have acquisition costs.
Single-family rentals are a good way for entry-level investors. They’re generally less expensive and families that rent them typically stay longer, reducing turnover costs – and investors usually don’t have to do as much renovation to make a rental attractive.
Additionally, rentals offer three financial benefits: income, equity, and appreciation. You look for the ROI (return on investment).
A simple rule – whether you’re selling or buying – is the 1% rule. If the rent is 1% of the sale price, it’s a good return and a good investment.
All County University Property Management is an expert in investment properties. We are here to answer your questions and help you with all your real estate needs.
UF welcomes students for Fall
-Cynthia Roldán Hernández
The University of Florida campus is bustling once again, after more than a year since the pandemic forced the institution to switch to online learning and later a hybrid version of limited in-person courses and online.
Students are attending 4,678 unique courses on campus this Fall. On Tuesday, students began moving into UF’s residence halls, which are full this semester with 7,804 Gators.
Throughout the week leading up to the first day of classes, students explored the campus and walked to and from area stores with gear for their dorm rooms.
“I’m excited for in-person classes,” Bergman said. “It’s really nice. I hope it stays that way.”
To celebrate the first in-person semester since Spring 2020, the university’s Student Government has organized a free kickoff concert for students featuring Brockhampton and Deb Never. The concert will be held at the Stephen C. O’ Connell Center at 7 p.m.
Additionally, for students who want to be vaccinated against COVID-19, Student Life will host pop-up vaccination sites throughout campus at different locations, including the Reitz Union and Plaza of the Americas. For a complete list of vaccination sites and schedules, visit UF Health.
If you are a student looking for off-campus housing, we still have rooms available for rent. Search under available rentals to see pictures, get additional information and schedule a showing.