Summerfield, FL—34491
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summerfield, FL
As of Oct '25, the median home price in Summerfield, FL is $290,000, with a year-over-year change of -3.3%. This indicates that home prices in Summerfield, FL are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | -3.3% |
| Single Family | $291,000 | -3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | -4.8% |
3 Bed | $308,000 | -2.5% |
4 Bed | $362,000 | -0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summerfield, FL
As of July '25, Rentcast reports the average rent in Summerfield, FL is $1,950, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Summerfield, FL is 1-bedrooms: $1,290, 2-bedrooms: $1,870, 3-bedrooms: $2,030, 4-bedrooms: $2,050. The most common rental property sizes in Summerfield, FL are 3-bedroom and 2-bedroom, accounting for 52.6% and 39.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,290 |
| 2 Bed Rent | $1,800 | $1,870 |
| 3 Bed Rent | $1,950 | $2,030 |
| 4 Bed Rent | $2,150 | $2,050 |
% of Rental Stock
Property Listings — Summerfield, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Summerfield, FL is 73. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | -2.0% |
Listing Count | 403 | 16.0% |
| Listings as % of Homes | 1.7% | 16.0% |
Days on Market | 73 | 6.0% |
Demographics — Summerfield, FL
As of the latest ACS Survey released in 2023, Summerfield, FL has a population of 32,400, which has increased by 29.8% over the past 5 years. Summerfield, FL is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,400 | 29.8% |
% Under 18 | 17.3% | 50.4% |
% Seniors | 37.6% | -22.2% |
% WFH | 7.9% | 102.6% |
% w/ College Degree | 21.5% | 4.9% |
As of the latest ACS Survey released in 2023, Summerfield, FL is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Summerfield, FL is hispanic, making up 13.7% of the population. Foreign-born residents account for 7.9% of the population in Summerfield, FL, and this percentage has decreased by 13.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.3% | -6.8% |
% Black | 4.4% | 41.9% |
% Hispanic | 13.7% | 53.9% |
% Asian | 2.1% | 16.7% |
% Foreign Born | 7.9% | -13.2% |
Mortgage and Risk — Summerfield, FL
According to HUD data as of 2023, there were 895 mortgage originations in Summerfield, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Summerfield, FL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 895 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Summerfield, FL
As of 2024, the percent of homes in Summerfield, FL under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Summerfield, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $995 | $1,070 |
| 2 Bedroom | -$500 | $1,800 | $1,300 |
| 3 Bedroom | -$290 | $1,950 | $1,660 |
| 4 Bedroom | -$360 | $2,150 | $1,790 |
Affordability — Summerfield, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $290,000 |
| Median Household Income | $65,900 |