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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Dunnellon HOMES|
|2000 or Newer||13.4|
|1970 - 1999||52.4|
|1940 - 1969||26.3|
|1939 or Older||8.0|
|TYPE OF Dunnellon HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF Dunnellon HOMES|
|5 or more bedrooms||0.39|