The story of this market
The typical home in ZIP 32640 sells for about $334,000, or $199 per square foot.
Prices are down 4.3% from a year ago, which gives buyers more room to negotiate. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $978 a month.
ZIP 32640 — Hawthorne
The 32640 housing market is characterized by stable, lower-cost housing stock with a high rate of owner-occupancy. While the broader Gainesville market shows signs of price correction, this ZIP remains an affordable alternative for residents, supported by steady demand and a consistent inventory of established homes.
This ZIP is well-suited for budget-conscious family buyers and retirees looking for established, lower-cost housing options with high owner-occupancy rates compared to the urban core.
Median prices moved down 4.3% year over year.
Homes spend a median of 75 days on market with 3.9 months of supply — a balanced-paced market.
26% of listings have cut prices · homes sell at 94.8% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.7% · poverty 15.6% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 32640, Alachua County FL
The area is served by the Alachua County Public Schools district, which provides a range of educational options typical of the broader Gainesville region.
The area is subject to standard Florida climate risks, including potential for tropical storm wind damage and localized flooding; property insurance markets remain sensitive to these regional hazard profiles.
Economic momentum is driven by the proximity to Gainesville's major education and healthcare sectors, with the area maintaining an established, largely residential character.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Residents typically face a commute of approximately 33 minutes, reflecting the area's semi-rural location relative to the primary employment hubs in Gainesville.
The area features access to local parks and outdoor spaces characteristic of the Hawthorne and Alachua County region, with proximity to regional lakes and trails.
The rental market is characterized by a high concentration of mobile homes and established housing stock, with steady demand from local workers and retirees.
The local economy is anchored by education and healthcare services, with a significant portion of the workforce employed in management and professional sectors.
Transportation is primarily highway-dependent, with residents relying on regional road networks to access the Gainesville employment core.
Development is largely focused on maintaining the existing residential character of the Hawthorne area.
The Alachua County Property Appraiser manages assessments, ensuring properties are valued according to state-mandated market value standards.
Parcels are subject to Alachua County school district taxes and various regional utility and special service district levies.
Property insurance premiums in the region are influenced by Florida's statewide exposure to hurricane and wind risks.
Florida is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Florida law requires sellers to disclose known material defects that are not readily observable to a buyer.
Data retrieved from US Census Bureau ZCTA profiles for 32640.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local green spaces serving the Hawthorne community.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).