Summerfield, FL 34491 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Summerfield, FL—34491

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$290,000

3.4% YoY Growth

Household Income

$65,900

42.2% YoY Growth

Days on Market

22.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,900

0.0% YoY Growth

1-Bed Rent

$995

N/A

2-Bed Rent

$1,800

1.6% YoY Growth

3-Bed Rent

$1,950

3.6% YoY Growth

Home Price Trends — Summerfield, FL

As of Dec '25, the median home price in Summerfield, FL is $290,000, with a year-over-year change of -3.4%. This indicates that home prices in Summerfield, FL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$290,000	-3.4%
Single Family	$290,000	-3.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.5%

1 Bedroom

2.5%

2 Bedrooms

39.3%

3 Bedrooms

52.6%

4 Bedrooms

2.0%

5+ Bedrooms

0.2%

Property Listings — Summerfield, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Summerfield, FL is 73. This is a increase of 11.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$316,000	-2.0%
Listing Count	436	22.0%
Listings as % of Homes	1.7%	22.0%
Days on Market	84	22.0%

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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%

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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%

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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%

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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

Summerfield, FL—34491

Key Metrics at a Glance

Home Price Trends — Summerfield, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Summerfield, FL

% of Rental Stock

Property Listings — Summerfield, FL

Demographics — Summerfield, FL

Race and Ethnicity

Mortgage and Risk — Summerfield, FL

Mortgages

Rentals and Section 8 — Summerfield, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Summerfield, FL

Home Price to Income Ratio

Summerfield, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Belleview, FL

Oxford, FL

The Villages, FL

Ocala, FL

Ocala, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$290,000
Median Household Income	$65,900

Summerfield, FL—34491

Key Metrics at a Glance

Home Price Trends — Summerfield, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Summerfield, FL

% of Rental Stock

Property Listings — Summerfield, FL

Demographics — Summerfield, FL

Race and Ethnicity

Mortgage and Risk — Summerfield, FL

Mortgages

Rentals and Section 8 — Summerfield, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Summerfield, FL

Home Price to Income Ratio

Summerfield, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Belleview, FL

Oxford, FL

The Villages, FL

Ocala, FL

Ocala, FL

Frequently Asked Questions

What is the average home price in Summerfield, FL 34491?

How have home prices in Summerfield, FL 34491 changed over the past year?

What is the home price projection for Summerfield, FL 34491?

What are the demographics of Summerfield, FL 34491?

How long does it take homes to sell in Summerfield, FL 34491?

What is the average rent price in Summerfield, FL 34491?