Dunnellon, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dunnellon Neighborhoods Since 2000




Dunnellon, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dunnellon Housing Market Information

With 1,777 people, 958 houses or apartments, and a median cost of homes of $182,131, Dunnellon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dunnellon, accounting for 64.73% of the city's housing units. Other types of housing that are prevalent in Dunnellon include mobile homes or trailers ( 17.25%), large apartment complexes or high rise apartments ( 9.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.81%).

Dwellings in Dunnellon tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.84% of the homes in Dunnellon have two or fewer bedrooms.

There is a lot of housing in Dunnellon built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dunnellon built between 1940-1969 ( 26.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.38%). There's also some housing in Dunnellon built before 1939 ( 7.97%).

Vacant housing appears to be an issue in Dunnellon. Fully 25.91% of the housing stock is classified as vacant. Left unchecked, vacant Dunnellon homes and apartments can be a drag on the real estate market, holding Dunnellon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dunnellon Home Appreciation Rates

Homes have actually lost value in Dunnellon over the last then years, as home values have seen a decline of 24.15% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dunnellon home appreciation rates at -0.58%, which equates to an annual appreciation rate of -2.28%.

Appreciation rates are so strong in Dunnellon that despite a nationwide downturn in the housing market, Dunnellon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dunnellon appreciation rates continue to be some of the highest in America, at 16.95%, which is higher than appreciation rates in 99.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dunnellon. Dunnellon appreciation rates in the latest quarter were at -0.58%, which equates to an annual appreciation rate of -2.28%.

Notably, Dunnellon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Dunnellon's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dunnellon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dunnellon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Dunnellon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$182,131

Dunnellon, FL HOME PRICES

Value Range
> $1,359,000 1.5
$1,019,001 - $1,359,000 0.0
$679,001 - $1,019,000 2.3
$544,001 - $679,000 3.3
$407,001 - $544,000 3.5
$272,001 - $407,000 11.6
$136,001 - $272,000 45.7
$68,001 - $136,000 19.0
$0 - $68,000 13.2

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
37.4428688620649 53.8461538461538

Number Of Homes And Apartments:
958

Dunnellon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.25% 2.11% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Homeownership
Owners 67.54
Renters 32.46
Vacant 25.91

Housing Market Details

 

Age of Homes

AGE OF Dunnellon HOMES
2000 or Newer 13.4
1970 - 1999 52.4
1940 - 1969 26.3
1939 or Older 8.0

Types of Homes

TYPE OF Dunnellon HOMES
Single-Family 64.7
Townhomes 0.5
Small Apt. Buildings 7.8
Apt. Complexes 9.7
Mobile Homes 17.2
Other 0.0

Home Size

SIZE OF Dunnellon HOMES
No Bedroom 3.17
1 Bedroom 12.99
2 Bedrooms 40.68
3 Bedrooms 34.49
4 Bedrooms 8.28
5 or more bedrooms 0.39