76240 — Gainesville, TX Home Values
Typical home value $279,408 as of June 2026 · 5th of 6 in Gainesville, TX
Blue: typical home value (Zillow ZHVI) in ZIP code 76240, June 2021 to June 2026. This page shows observed data only; no forecast.
How 76240 compares in the Gainesville, TX area
ZIP code 76240 (Gainesville, TX) has a typical home value of $279,408 as of June 2026, ranking 5th of 6 ZIP codes tracked in the Gainesville, TX area, more expensive than about 33% of ZIP codes in the metro. Prices here have moved -1.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +21.9%, from $229,141 in June 2021 to $279,408 in June 2026. Against observed rent, the typical home here sells for 13.8× the annual rent ($1,691/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Gainesville, TX forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Gainesville.
Population and demographics
ZIP code 76240 has a population of 29,271, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 67.7% White, 22.4% Hispanic or Latino, 4.5% Black or African American, 3.5% two or more races, 1.1% Asian, and 0.7% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| GAINESVILLE INT | 2100 N GRAND AVE, GAINESVILLE, TX | 2.7 mi |
| LINDSAY H S | 625 KNIGHT DR, LINDSAY, TX | 3.4 mi |
| LINDSAY EL | 625 KNIGHT DR, LINDSAY, TX | 3.4 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 76240?
$279,408 as of June 2026, the latest month Zillow has published observed data for.
Is 76240 an expensive ZIP code in the Gainesville, TX area?
76240 ranks 5th of 6 ZIP codes in the Gainesville, TX area by typical home value, more expensive than about 33% of ZIP codes in the metro.
How much have home values in 76240 changed over the past year?
-1.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 76240?
The typical home price is 13.8× the observed annual rent in this ZIP code ($1,691/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 76240?
29,271, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 76240?
GAINESVILLE INT (2.7 mi), LINDSAY H S (3.4 mi), LINDSAY EL (3.4 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 76240?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Gainesville, TX forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.