34431, Dunnellon, FL

The 34431 zip code of Dunnellon, FL is located in the Central Florida region and has a population of approximately 9,000. The median household income in this zip code is $48,000 and the median home value is $175,000. Approximately 44% of households in this zip code own their homes outright while 56% are owner-occupied. The average mortgage rate for homes in this zip code is 4.5%.

The 34431 zip code has a below-average unemployment rate of 3%. Additionally, Dunnellon ranks #1 out of all cities in Florida for percentage growth from 2000 to 2010 (15%). This indicates that there is strong demand for housing stock and that prices are likely to continue increasing in the near future. In addition to strong demand for housing, the average commute time to work is only 22 minutes which indicates that jobs are relatively accessible within this area.

Overall, it can be seen that there are many reasons why home values and home equity rates are high within the 34431 zip code of Dunnellon, FL. Strong demand coupled with low unemployment rates means that homeownership rates are likely to stay high while prices continue to rise over time. Additionally, short commutes make it easy for people living within this area to get to work and make it an attractive option for those looking for a suburban lifestyle without having to deal with heavy traffic congestion or expensive housing costs