Lecanto, FL—34461
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lecanto, FL
As of Oct '25, the median home price in Lecanto, FL is $323,000, with a year-over-year change of -4.1%. This indicates that home prices in Lecanto, 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 | $323,000 | -4.1% |
| Single Family | $324,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | -6.1% |
3 Bed | $329,000 | -4.1% |
4 Bed | $429,000 | -2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lecanto, FL
As of July '25, Rentcast reports the average rent in Lecanto, FL is $2,070, with a year-over-year rent change of 19.0%. Per bedroom, the median rent as of July '25 in Lecanto, FL is 1-bedrooms: $800, 2-bedrooms: $1,870, 3-bedrooms: $2,270, 4-bedrooms: $2,480. The most common rental property sizes in Lecanto, FL are 2-bedroom and 3-bedroom, accounting for 36.2% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,850 | $1,870 |
| 3 Bed Rent | $2,200 | $2,270 |
| 4 Bed Rent | $1,950 | $2,480 |
% of Rental Stock
Property Listings — Lecanto, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lecanto, FL is 73. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -3.0% |
Listing Count | 92 | 0.0% |
| Listings as % of Homes | 1.2% | 0.0% |
Days on Market | 73 | -25.0% |
Demographics — Lecanto, FL
As of the latest ACS Survey released in 2023, Lecanto, FL has a population of 13,300, which has increased by 24.6% over the past 5 years. Lecanto, FL is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | 24.6% |
% Under 18 | 16.0% | 33.3% |
% Seniors | 29.9% | -19.2% |
% WFH | 11.9% | 197.5% |
% w/ College Degree | 23.0% | 14.4% |
As of the latest ACS Survey released in 2023, Lecanto, FL is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Lecanto, FL is hispanic, making up 7.7% of the population. Foreign-born residents account for 8.2% of the population in Lecanto, FL, and this percentage has increased by 17.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.5% | -1.8% |
% Black | 2.1% | -54.3% |
% Hispanic | 7.7% | 67.4% |
% Asian | 0.4% | -77.8% |
% Foreign Born | 8.2% | 17.1% |
Mortgage and Risk — Lecanto, FL
According to HUD data as of 2023, there were 297 mortgage originations in Lecanto, FL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lecanto, FL. Investor activity is low, as 0.0% 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 | 297 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lecanto, FL
As of 2024, the percent of homes in Lecanto, FL under the Section 8 program is 2.4%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lecanto, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $800 | $950 |
| 2 Bedroom | -$650 | $1,850 | $1,200 |
| 3 Bedroom | -$520 | $2,200 | $1,680 |
| 4 Bedroom | $70 | $1,950 | $2,020 |
Affordability — Lecanto, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $323,000 |
| Median Household Income | $60,800 |