Dunnellon, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices up 5.3% in 34431, up 1.4% in 34432, 57 to 70 days on market and commercial at $118 to $151 per square foot across 2 ZIP codes. Every number from the Linton Global Market Map, as of September 2026.
Photo: Dunnellon train depot by Ebyabe, CC BY-SA 2.5, via Wikimedia Commons (cropped).
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Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in Dunnellon and across Marion County through Linton Global Solutions.
Dunnellon is a rising market right now, and the numbers say buyers have room to negotiate. Look at it ZIP code by ZIP code, not as one city average.
The Bottom Line on Dunnellon
Dunnellon is a small city in southwest Marion County at the meeting of the Rainbow and Withlacoochee rivers, near the Levy and Citrus county lines. It boomed in the 1890s with phosphate mining and today lives on the spring-fed Rainbow River, known for tubing, kayaking and Rainbow Springs State Park, with US 41 and State Road 40 carrying its commercial traffic.
Dunnellon is a rising housing market where sellers are cutting prices to meet buyers, and its commercial property trades in line with the rest of Marion County, with almost no distress.
- Homes: median list prices of $290,750 to $351,450, up 5.3% in 34431, up 1.4% in 34432 from a year ago; Marion County is unchanged.
- Supply: 141 active listings in 34431 (down 4.4%); 185 active listings in 34432 (down 20.8%); 57 to 70 days on market.
- Commercial: median $118 to $151 per square foot, versus $126 countywide.
- Distress: no commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where Dunnellon Is
This report covers two ZIP codes: 34431, Dunnellon, the Rainbow River and the US 41 corridor; and 34432, Rainbow Lakes Estates and the area south and west of Dunnellon along State Road 40 and US 41.
Housing Market
| Realtor.com, September 2026 | 34431 | 34432 | Marion County |
|---|---|---|---|
| Median list price | $290,750 | $351,450 | $299,900 |
| vs. a year ago | +5.3% | +1.4% | 0.0% |
| Active listings | 141 | 185 | 3,468 |
| Active vs. a year ago | -4.4% | -20.8% | -12.5% |
| Median days on market | 70 | 57 | 77 |
| Listings with a price cut | 33.3% | 18% | 21% |
| Home values, 5 years (FHFA) | +61.6% | +83.0% | — |
The highest-priced ZIP code is 34432 at $351,450. With a quarter or more of listings showing a price cut in parts of town, the asking price is a starting point. The FHFA House Price Index shows five-year gains of 61.6% / 83%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 34431 | 34432 | Marion County |
|---|---|---|---|
| Home-purchase loans | 314 | 449 | 8,304 |
| Median purchase price | $255,000 | $285,000 | $285,000 |
| Median buyer income | $81,000 | $83,000 | $87,000 |
| FHA / VA / USDA loans | 52.5% | 46.3% | 45.4% |
| Investor purchases | 5.8% | 6.5% | 9.4% |
Investors took the largest share of purchase loans in 34432 (6.5%). Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $1,240. The strongest renter base is in 34432, where 14% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 34431 | 34432 | Marion County |
|---|---|---|---|
| Commercial & industrial parcels | 166 | 204 | 8,976 |
| Building area (million SF) | 0.7 | 0.65 | 71.01 |
| Median year built | 1964 | 1978 | 1986 |
| Arm’s-length sales | 7 | 5 | 418 |
| Median sale $/SF | $151 | $118 | $126 |
| Distress transfers / bank-held parcels | 0 / 0 | 0 / 0 | 13 / 6 |
Dunnellon’s commercial property is small: river-related recreation, restaurants and lodging near the Rainbow River, and service retail along US 41 and Pennsylvania Avenue for the town and the large lot subdivisions around it. With a small population and seasonal tourist traffic, deals here are usually owner-user purchases, and lenders look hard at the borrower as much as the building.
Dunnellon has about 1.4 million square feet of commercial buildings and recorded 12 arm's-length sales at a median $118 to $151 per square foot, close to the county's $126. There were no distress transfers or bank-held parcels on the roll.
In Dunnellon most commercial deals are owner-users, and that changes the financing. An SBA loan often works better than a conventional one here, so talk to a lender who knows small-town Florida before you sign the contract.
Jobs, Permits and the County Economy
| Marion County | Value |
|---|---|
| Population | 400,078 |
| Median household income | $61,010 |
| Unemployment rate (BLS) | 5.7% |
| Private jobs (BLS QCEW) | 121,921 · +2.0% |
| Average annual pay | $54,546 |
| Housing permits, year to date | 4,053 · -10.0% |
Marion County jobs were up 2.0% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 5.7%. Housing permits are down 10.0% this year per the Census Building Permits Survey. 34431 grew 22.3% in population over the Census survey period, the 22nd-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: negotiate; price cuts are common and the asking price is a starting point.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: pricing is in line with the county; the edge is in the specific building. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Marion County report.
Key Takeaways
- ✓Dunnellon list prices are up 5.3% in 34431, up 1.4% in 34432; Marion County is unchanged.
- ✓Homes are taking 57 to 70 days to sell.
- ✓Commercial property sold at a median $118 to $151 per square foot, against $126 countywide.
- ✓No commercial distress on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for Dunnellon? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the Dunnellon, FL real estate market going up or down?+
Rising. As of September 2026, median list prices were up 5.3% in 34431, up 1.4% in 34432 from a year earlier, against unchanged for Marion County. Homes took 57 to 70 days to sell, and active listings were down 4.4% / down 20.8% from a year ago.
How much do homes cost in Dunnellon?+
The median list price was $290,750 to $351,450 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $255,000 to $285,000 and the median buyer earned $81,000 to $83,000.
How much is commercial real estate selling for in Dunnellon?+
Arm’s-length commercial and industrial sales on the 2026 Marion County tax roll had a median of $118 to $151 per square foot in Dunnellon, versus $126 countywide. There were 12 such sales across 370 commercial parcels.
Is there distressed or bank-owned commercial property in Dunnellon?+
Very little. The 2026 tax roll shows no commercial distress transfers or bank-held parcels in Dunnellon’s ZIP codes, against 13 distress transfers and 6 bank-held parcels across Marion County.
Is Dunnellon a good place to own rental property?+
About 9% to 14% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $1,240 a month. Investors took 5.8% to 6.5% of 2025 home-purchase loans, against 9.4% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this Dunnellon market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in Dunnellon?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across Dunnellon and Marion County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Marion County, via LGData.
- Ebyabe. “Dunnellon train depot.” Wikimedia Commons, CC BY-SA 2.5, commons.wikimedia.org/wiki/File:Dunnellon_train_depot03.jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. REOMind.ai provides decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.