Dunnellon, FL—34431
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dunnellon, FL
As of Oct '25, the median home price in Dunnellon, FL is $264,000, with a year-over-year change of -2.1%. This indicates that home prices in Dunnellon, 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 | $264,000 | -2.1% |
| Single Family | $264,000 | -2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | -5.0% |
3 Bed | $281,000 | -1.4% |
4 Bed | $380,000 | -1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dunnellon, FL
As of July '25, Rentcast reports the average rent in Dunnellon, FL is $1,640, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Dunnellon, FL is 1-bedrooms: $1,080, 2-bedrooms: $1,450, 3-bedrooms: $1,910, 4-bedrooms: $2,150. The most common rental property sizes in Dunnellon, FL are 2-bedroom and 3-bedroom, accounting for 52.7% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,080 |
| 2 Bed Rent | $1,580 | $1,450 |
| 3 Bed Rent | $1,750 | $1,910 |
| 4 Bed Rent | $2,150 | $2,150 |
% of Rental Stock
Property Listings — Dunnellon, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Dunnellon, FL is 73. This is a increase of 9.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | -9.0% |
Listing Count | 192 | 44.0% |
| Listings as % of Homes | 2.0% | 44.0% |
Days on Market | 73 | 9.0% |
Demographics — Dunnellon, FL
As of the latest ACS Survey released in 2023, Dunnellon, FL has a population of 8,660, which has increased by 8.9% over the past 5 years. Dunnellon, FL is a moderately popular place for families, as children make up 16.6% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,660 | 8.9% |
% Under 18 | 16.6% | -11.2% |
% Seniors | 35.7% | 11.6% |
% WFH | 6.5% | 71.1% |
% w/ College Degree | 14.2% | -4.7% |
As of the latest ACS Survey released in 2023, Dunnellon, FL is a predominantly white area, with 86.6% of the population identifying as white. The white population has grown by 7.7% in the last 5 years. The second most common race or ethnicity in Dunnellon, FL is hispanic, making up 7.0% of the population. Foreign-born residents account for 3.7% of the population in Dunnellon, FL, and this percentage has decreased by 43.1% 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 | 86.6% | 7.7% |
% Black | 2.6% | -36.6% |
% Hispanic | 7.0% | -33.3% |
% Asian | 1.0% | -66.7% |
% Foreign Born | 3.7% | -43.1% |
Mortgage and Risk — Dunnellon, FL
According to HUD data as of 2023, there were 271 mortgage originations in Dunnellon, FL, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Dunnellon, FL. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 271 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Dunnellon, FL
As of 2024, the percent of homes in Dunnellon, FL under the Section 8 program is 0.6%. 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. In Dunnellon, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,080 | $940 |
| 2 Bedroom | -$440 | $1,580 | $1,140 |
| 3 Bedroom | -$290 | $1,750 | $1,460 |
| 4 Bedroom | -$550 | $2,150 | $1,600 |
Affordability — Dunnellon, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $264,000 |
| Median Household Income | $51,500 |