Neighborhood · Gainesville, Fl, Florida
Palm Terrace
A quiet Gainesville pocket where homes rarely trade hands
Palm Terrace is a small, established neighborhood in Gainesville, part of Alachua County's easygoing college-town orbit. It's the kind of place where turnover is low and the streets feel settled rather than showy, feeding into schools like Gainesville High School and Westwood Middle School. Families with young children have the Early Learning Academy at Duval close at hand, and the wider city's amenities are an easy reach.
For a buyer today, the reality is scarcity: there are currently zero active listings in Palm Terrace, so you'll want to watch the live map and be ready to move when something comes up. Over the past year just four homes sold here at a median of $517,500, and sellers took home about 90% of their asking price on average. If nothing fits in Palm Terrace right now, it's worth widening the search across Gainesville, Fl homes for sale while you wait for the next opening.
Palm Terrace is a community in Gainesville, Fl, Florida.
Quick facts
$2,338/mo median rent
4 sold in 12 months
On the market now
Homes for sale in Palm Terrace
Nothing active right now.
Set an alert below and we’ll email you the moment something lists here.
Every active listing inside the Palm Terrace boundary
Open full map search →The numbers that matter
The Palm Terrace market
4
Sold, last 12 months
$517,500
Median sold price
90%
Sale-to-list ratio
What sellers actually get vs asking
162 days
Median time to sell
Palm Terrace vs Gainesville, Fl
Median sold price — 3-yr, 3-mo rolling
▲ 8.9% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Palm Terrace boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Palm Terrace is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
Population
382
Median age
27
Median income
$74,018
Median home value
$280,100
Beyond the listings
Living in Palm Terrace
Attitudes
Top 6% in the U.S.Volunteering & Giving
Expressing a desire to give back and do good for the community, this behavior emphasizes charity. Common activities include volunteering, fundraisers, and donations.
Hobbies & Interests
Top 8% in the U.S.Green Thumb
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Beliefs
Top 8% in the U.S.Activism
This population seeks to advocate for a more just world. Common activities include protests, rallies, and spreading awareness to the public about social justice issues.
Active
Top 9% in the U.S.Organized Sports
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
Relationships
Top 9% in the U.S.Networking
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Lifestyles
Top 10% in the U.S.Student Life
There's more to student life than academics. It's about the experience - from classes and homecoming, to making lifetime friends and alumni events. These are students at school, taking classes online, or finding other ways to be students in their daily lives.
Straight answers
Palm Terrace FAQs
Is Palm Terrace a good place to live?+
It's a quiet, established Gainesville neighborhood with low turnover and access to well-known schools including Gainesville High School. The pace is settled rather than flashy, which suits buyers who want a stable community close to the city's amenities.
Is Palm Terrace expensive?+
It sits in Gainesville's mid-to-upper range, with homes selling at a median of $517,500 over the past year. That's a step above the city's entry-level pricing but far from luxury territory, and sellers generally hold near their asking price.
What do homes cost in Palm Terrace?+
The four homes sold in the last 12 months had a median sale price of $517,500. There are no active listings at the moment, so pricing on the next home to hit the market may vary from that figure.
How is the market in Palm Terrace right now?+
Inventory is essentially non-existent — there are zero active listings today and only four sales in the past year. That makes it a low-supply pocket where you'll need to stay alert on the live map and act quickly when a home appears.
What about HOA fees and property taxes?+
HOA and property tax figures aren't currently available for Palm Terrace in the MLS data. For a specific home, we'll confirm any HOA dues and the exact tax assessment before you write an offer, so there are no surprises at closing.
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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