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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dunnellon, FL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dunnellon, FL Housing Market Trends

With 1,976 people, 1,310 houses or apartments, and a median cost of homes of $200,429, house prices in Dunnellon are solidly below the national average.

Single-family detached homes are the single most common housing type in Dunnellon, accounting for 57.70% of the city's housing units. Other types of housing that are prevalent in Dunnellon include mobile homes or trailers ( 15.28%), duplexes, homes converted to apartments or other small apartment buildings ( 14.91%), and a few large apartment complexes or high rise apartments ( 11.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dunnellon. Owner-occupied housing accounts for 73.13% of Dunnellon's homes, and 49.78% have either three or four bedrooms, which is average sized relative to America.

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 ( 23.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.73%). There's also some housing in Dunnellon built before 1939 ( 4.68%).

Vacant housing appears to be an issue in Dunnellon. Fully 18.28% 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

In the last 10 years, Dunnellon has experienced some of the highest home appreciation rates of any community in the nation. Dunnellon real estate appreciated 189.74% over the last ten years, which is an average annual home appreciation rate of 11.22%, putting Dunnellon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dunnellon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Dunnellon's appreciation rate, at 5.78%, has been at or slightly above the national average. In the latest quarter, Dunnellon's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.

Relative to Florida, our data show that Dunnellon's latest annual appreciation rate is higher than 50% 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

$200,429

Dunnellon, FL Home Prices
> $1,562,000
$1,172,001 - $1,562,000
$781,001 - $1,172,000
$625,001 - $781,000
$469,001 - $625,000
$313,001 - $469,000
$157,001 - $313,000
$78,001 - $157,000
$0 - $78,000
0.0%
0.0%
0.0%
0.0%
3.8%
3.8%
4.7%
4.7%
2.1%
2.1%
21.3%
21.3%
43.6%
43.6%
14.5%
14.5%
10.0%
10.0%
0% 100.0%
% of Homes
Very Low

for Florida

Low

for nation

Number of Homes And Apartments:

1,310

Dunnellon Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,235 / per month

Homeownership Rate

Owners
Renters
73.1%
73.1%
26.9%
26.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.3%
18.3%
81.7%
81.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.7%
10.7%
60.8%
60.8%
23.8%
23.8%
4.7%
4.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.7%
57.7%
0.9%
0.9%
14.9%
14.9%
11.2%
11.2%
15.3%
15.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.4%
3.4%
11.0%
11.0%
33.7%
33.7%
38.9%
38.9%
10.9%
10.9%
2.1%
2.1%
0% 100.0%
% of Homes