Market Overview
Home Prices in Gulf Hammock, FL
The median home value in Gulf Hammock, FL is $277,319 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gulf Hammock are priced32% below average. Gulf Hammock is part of the Gainesville, FL metro area.
Price History
Gulf Hammock Home Price Trend
2024
$283,250
$283K
—
2025
$272,949
$273K
-3.6%
2026
$277,319
$277K
+1.6%
City Comparison
Gulf Hammock vs. National Median
🏠 Gulf Hammock
$277,319
National Median
$410,000
At $277,319, homes in Gulf Hammock cost 32% below the national median of $410,000. This makes Gulf Hammock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gulf Hammock?
20% Down Payment
$55,464
on $277,319
Monthly P&I
$1,446/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,836/mo
incl. taxes & insurance
Income Needed
$73,440
gross annual (30% rule)
10% Down Option
$27,732
+ PMI applies
Loan Amount (20% dn)
$221,855
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gulf Hammock, FL?
The median home value in Gulf Hammock is $277,319 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Gulf Hammock?
Over the past year, home values in Gulf Hammock have increased by 1.6%.
How much do I need to earn to buy a home in Gulf Hammock?
To comfortably afford the median home price of $277,319 with a 20% down payment ($55,464) at today's rates (6.8%), you'd need a gross annual income of approximately $73,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Gulf Hammock compare to the national average home price?
The national median home value is approximately $410,000. At $277,319, homes in Gulf Hammock are 32% below the national average.
What metro area is Gulf Hammock part of?
Gulf Hammock is part of the Gainesville, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.