Gainesville is home to many excellent schools, including the University of Florida, one of the largest university campuses in terms of enrollment in the United States. The university is also one of the city’s top employers, sharing the title with UF Health and the Gainesville Veterans Administration Medical Center.
The average price of rent in Gainesville $930 per month. About 61% of the resident population prefer (or are only able) to rent their homes rather than own. A lot of the homes in Gainesville date back to 1970-1999 — in fact, about 58% of the homes. Only 16% of the homes in this Florida city were built in 2000 or later. Most of the homes or apartments have 2-3 bedrooms. In Gainesville, the average rent for a studio apartment is $697. For a 1-bedroom apartment, the average rent is $900, and for a 2-bedroom apartment, the average rent is $1,049.
Florida continues to be a top choice among rental property owners because of its annual visitor count and potential for profit. Gainesville is no different. The plethora of attractions in the city as well as its many sporting events have mainly driven the tourism industry. In terms of accommodations, hotels once dominated the tourist scene. Now, though, short-term rental properties have taken a sizable chunk of the hospitality pie.
If you own a rental property in Gainesville but possess little to no experience in managing it, your best course of action is to hire professional property management services. Whether your property is for short-term or long-term rental use, you need someone with the right skill set to manage your property successfully. For that, you need a Gainesville property management company.
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