House Prices

University Terrace Gainesville, FL House Prices & Home Values 2026


Average Data

average house price$196,134
average size per house1672 ft²
average price per ft²117 $ / ft²

04/16/2026 - The value range (VR) for house prices in University Terrace Gainesville, FL is $111.15/ sqft to $122.85/ sqft. An average home with 1672 sqft costs approximately $183,985 to $203,352. Gainesville, FL includes 1 ZIP codes and it is located in Alachua county. The lowest prices are found in ZIP 32608, while the highest are in ZIP 32608. The average price per sqare feet is $117. Our analysis is based on 14 property listings.

Avergage prices by ZIP codes University Terrace Gainesville

32608149 $ / ft²




Historical development of home values in University Terrace Gainesville

Year Estimated value (USD) Change vs. 2025
2010 $91,088 -53.6%
2011 $87,566 -55.4%
2012 $87,330 -55.5%
2013 $90,594 -53.8%
2014 $95,099 -51.5%
2015 $99,980 -49.0%
2016 $105,197 -46.4%
2017 $110,875 -43.5%
2018 $117,005 -40.3%
2019 $122,430 -37.6%
2020 $128,760 -34.4%
2021 $146,450 -25.3%
2022 $170,728 -13.0%
2023 $180,040 -8.2%
2024 $190,456 -2.9%
2025 $196,134 0.0%

Graph: estimated home values in University Terrace Gainesville over time (USD)



Example: 100% financing house in University Terrace Gainesville

Loan amount: $196,134

Interest rate: 5.94%

Fixed monthly payment: $1,168.37

Breakdown in the 1st month:
Interest portion: $970.86  –  Principal portion: $197.50

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,584.76 $2,435.65 $193,698.35
2 $11,436.08 $2,584.33 $191,114.02
3 $11,278.32 $2,742.09 $188,371.93
4 $11,110.93 $2,909.48 $185,462.46
5 $10,933.32 $3,087.08 $182,375.37
6 $10,744.87 $3,275.53 $179,099.84
7 $10,544.92 $3,475.48 $175,624.36
8 $10,332.76 $3,687.64 $171,936.71
9 $10,107.66 $3,912.75 $168,023.96
10 $9,868.81 $4,151.60 $163,872.36
11 $9,615.37 $4,405.03 $159,467.33
12 $9,346.47 $4,673.93 $154,793.40
13 $9,061.16 $4,959.25 $149,834.14
14 $8,758.42 $5,261.98 $144,572.16
15 $8,437.21 $5,583.20 $138,988.96
16 $8,096.39 $5,924.02 $133,064.95
17 $7,734.76 $6,285.64 $126,779.30
18 $7,351.06 $6,669.35 $120,109.95
19 $6,943.94 $7,076.47 $113,033.48
20 $6,511.96 $7,508.45 $105,525.04
21 $6,053.61 $7,966.80 $97,558.24
22 $5,567.29 $8,453.12 $89,105.12
23 $5,051.27 $8,969.14 $80,135.98
24 $4,503.76 $9,516.65 $70,619.33
25 $3,922.82 $10,097.58 $60,521.75
26 $3,306.42 $10,713.98 $49,807.77
27 $2,652.40 $11,368.01 $38,439.76
28 $1,958.45 $12,061.96 $26,377.80
29 $1,222.14 $12,798.27 $13,579.53
30 $440.88 $13,579.53 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in University Terrace Gainesville, FL


1500 sqft3900 sqft
Ø selling price$210,232$447,220
Ø fast selling$191,120$402,498
Ø high price sale$229,344$491,942

In 2026, houses in University Terrace Gainesville, FL will be offered at an average price of $117 per square foot. A 1,500 sqft home priced at $210,232 is 22.77% more expensive per square foot than a 3,900 sqft home priced at $447,220. Home prices in University Terrace Gainesville, FL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $309,614. Sellers who can wait longer may achieve a higher price of up to $378,417.


University Terrace in Gainesville, FL

Location & Access

University Terrace in Gainesville, FL is a condo community known for its convenient location near the University of Florida.
Positioned off SW 20th Avenue with quick access to SW 34th Street and Archer Road, it offers an easy commute to campus and UF Health/Shands. Many residents are students and staff who value frequent RTS bus service, bike-friendly routes, and straightforward drives to classes and labs.

Homes & Amenities

Housing options in University Terrace typically feature 4-bedroom, 4-bathroom condo layouts designed for privacy with individual suites and in-unit laundry.
The community environment emphasizes low-maintenance living with exterior upkeep handled by the association and ample surface parking for residents and guests. Nearby amenities include shopping and dining at Butler Plaza, grocery stores, fitness centers, and coffee shops that cater to everyday needs.

Lifestyle & Nearby Attractions

Outdoor enthusiasts appreciate proximity to local parks and the Gainesville-Hawthorne Trail, while sports fans are minutes from Ben Hill Griffin Stadium on game days.

Real Estate Insights

The neighborhood?s blend of affordability and convenience makes it attractive for both owner-occupants and investors seeking steady rental demand. Prospective buyers should review HOA documents, pet policies, rental rules, and recent sales to understand monthly fees and community standards.
With its strategic location, student-friendly layouts, and access to transit, University Terrace remains a smart Gainesville choice for campus-connected living.



FAQ – Home Values in University Terrace Gainesville

What is the median home value in University Terrace Gainesville in 2026?

In 2026, the typical home value in University Terrace Gainesville is about $196,134 for an average home size of 1672 square feet. This corresponds to an average price of roughly $117 per square foot.

What is the average cost per square foot in University Terrace Gainesville?

In 2026, homes in University Terrace Gainesville sell for an average of around $117 per square foot, with a typical range between $111.15 and $122.85 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in University Terrace?

The average home size in University Terrace Gainesville is about 1672 square feet, with an estimated 2026 value around $196,134.



Neighborhoods close to University Terrace Gainesville, FL

Ventura Orlando, FL133 $ / ft²
Lockmar Estates Palm Bay, FL139 $ / ft²
Gifford Vero Beach, FL181 $ / ft²
Holley by the Sea Navarre, FL182 $ / ft²
Myrtle Grove Pensacola, FL113 $ / ft²
Mowat Highlands Lynn Haven, FL131 $ / ft²
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