Palm Terrace, Gainesville, FL
Palm Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Palm Terrace, Gainesville, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Palm Terrace Neighborhood Overview
Palm Terrace is a residential neighborhood located in the northeastern quadrant of Gainesville, Florida. The area is characterized by its quiet, suburban streets and proximity to major city amenities. Its central location offers residents a balanced lifestyle between urban convenience and residential calm.
Lifestyle & Amenities
Residents of Palm Terrace enjoy easy access to a variety of shopping and dining options along nearby corridors like North Main Street. The neighborhood's location places it within a short drive of several parks and recreational facilities in northeast Gainesville. This provides convenient opportunities for outdoor activities and community engagement.
Real Estate Market
The Palm Terrace neighborhood primarily features single-family homes typical of mid-century and late 20th-century residential development. Specific market data, including current pricing trends and inventory, is not available for this profile. The area offers a traditional suburban housing stock for those seeking a home in this part of Gainesville.
Schools & Education
As part of the Alachua County School District, Palm Terrace is served by the public schools assigned to its specific attendance zone. The exact schools serving the neighborhood can vary and should be verified with the district for current zoning information. Families are encouraged to research the most up-to-date school assignments and ratings.
Transportation & Connectivity
Palm Terrace is well-connected by major roads, including proximity to US 441 (North Main Street) and State Road 26 (University Avenue). This provides straightforward routes to the University of Florida campus, downtown Gainesville, and medical facilities. Public bus service through the Regional Transit System offers additional connectivity for residents.
Why Choose Palm Terrace
Palm Terrace appeals to those seeking an established, centrally-located neighborhood in Gainesville without being in the immediate bustle of the university district. Its connectivity to major employment, education, and healthcare centers is a significant advantage. The area represents a practical choice for a quiet residential base with easy city-wide access.
Palm Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $284K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $13K |
| Homeownership Rate | 8.2% |
| Renter-Occupied | 91.8% |
| Rental Vacancy Rate | 20.6% |
| Market Type | Buyer's |
| Market Tier | Main |
| Primary ZIP Code | 32603 |
Top Real Estate Agents in Palm Terrace, Gainesville
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Palm Terrace, Gainesville, FL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Florida Department of Business & Professional Regulation (DBPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12