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Sarah Mitchell
Compass Real Estate · ZIP 34748
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34748 ZIP Code Housing Market
The typical home in ZIP code 34748 is worth $274,372, fell 4.6% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published for this ZIP was $284,450, -1.9% year over year (through May 2026). With homes going under contract in about 76 days, 34748 is a leaning buyer's. That is 25% below the Okahumpka, FL citywide median. At today's 6.66% 30-year fixed rate, 20% down works out to about $1,411/mo in principal and interest.
Key numbers for ZIP code 34748
Typical home value
$274,372
-4.6% in 12 months
Zillow, July 2026
Typical asking rent
$1,636/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$284,450
-1.9% year over year
Redfin, through March 2026
Days on market
76
Slow-moving
Redfin, through March 2026
Active listings
323
Redfin, through March 2026
Sale-to-list ratio
96.7%
Selling below asking
Redfin, through March 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$58,192
Home costs 4.7x income
U.S. Census ACS, 2024
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current.
Is the 34748 ZIP code a buyer's or seller's market?
ZIP code 34748 is a leaning buyer's and homes selling in about 76 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
What are the latest 34748 housing market stats?
Redfin's final published month for this ZIP code. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $284,450 |
| Median list price | $305,990 |
| Year-over-year price change | -1.9% |
| Median price per sq ft | $166/sq ft |
| Median days on market | 76 days |
| Active inventory | 323 listings |
| Sale-to-list price ratio | 96.7% |
| Homes sold (that month) | 236 |
| Market condition | Leaning buyer's |
Reading these: months of supply is how long it would take to sell every active listing at the current pace (under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut.). Days on market is the median time from listing to accepted offer. Sale-to-list ratio above 100% means bidding over asking is normal here. Price per square foot lets you compare differently sized homes, but it should not be used to value your own.
How have 34748 home prices moved?
Over the three years through Redfin's final published month, the median sale price in 34748 fell 5.2%, from $299,920 to $284,450. The live Zillow value series has fell 4.6% in the last 12 months — the more current read now that the Redfin series has stopped. ZIP-level medians swing harder than citywide ones because far fewer homes sell in a month; read the shape of the line, not any single point.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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How does 34748 compare to Okahumpka, FL?
ZIP 34748 sits about 2 miles from downtown Okahumpka, and its median sale price of $284,450 runs 25% below the $380,000 citywide median for the same period. A gap that size means the citywide number is a poor proxy here — price your search off the ZIP, not the city. For national context, the U.S. median sale price is $410,700.
| Market | Median sale price | Days on market |
|---|---|---|
| ZIP 34748 | $284,450 | 76 days |
| Okahumpka, FL citywide | $380,000 | 30 days |
| United States | $410,700 | not published |
ZIP and city rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What does it cost to buy a home in 34748?
Priced off the typical home value of $274,372 at the current 6.66% 30-year fixed rate. Principal and interest only — property taxes, insurance, HOA dues and mortgage insurance are on top and vary too much by property for us to guess.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $54,874 | $219,498 | $1,411/mo |
| 5% | $13,719 | $260,654 | $1,675/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
Lenders generally want housing costs under 28% of gross income, so the 20%-down payment of $1,411 implies roughly $60,452 a year before taxes and insurance. The median household in this ZIP earns $58,192, about $2,260 short of it — which is why down payment size, not price, usually decides who buys here. Price-to-income runs 4.7x. Typical asking rent here is $1,636/mo, a price-to-rent ratio of 14.0x, which means buying tends to beat renting on monthly cost over a typical hold.
Run it with your own numbers: affordability calculator · mortgage calculator · rent vs. buy calculator
Who lives in 34748?
American Community Survey estimates for this ZIP code tabulation area. U.S. Census ACS, 2024
Population
48,095
Households
21,672
Median income
$58,192/yr
Median age
59.8 years
Owner-occupied
75.1%
Median home value
$243,900
Median gross rent
$1,294/mo
Mean commute
15.37 min
75.1% of occupied homes in this ZIP are owner-occupied — the share that decides how much of the local housing stock ever reaches the for-sale market. Census median gross rent across all leases is $1,294/mo, below Zillow's $1,636/mo asking rent on new leases; the gap is roughly what a mover pays over a stayer.
Which public schools serve ZIP 34748?
6 schools tracked · 4,791 students
The largest public schools serving ZIP code 34748 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LEESBURG HIGH SCHOOL
Grades 9-12 · 1,774 students
LEESBURG ELEMENTARY SCHOOL
Grades PK-5 · 871 students
CARVER MIDDLE SCHOOL
Grades 6-8 · 724 students
BEVERLY SHORES ELEMENTARY SCHOOL
Grades PK-5 · 616 students
OAK PARK MIDDLE SCHOOL
Grades 6-8 · 558 students
RIMES EARLY LEARNING & LITERACY CENTER
Grades PK-2 · 248 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Homes for sale in 34748
The last count we hold for 34748 is 323 active listings, with a median asking price of $305,990 (Redfin, through May 2026). Properties Incorporated is a data platform, not a listing portal — we publish what homes cost and how fast they move, and we point you at the portals for the inventory itself. Tell us what you are looking for and we will send the Okahumpka, FL listings that match instead.
34748 housing market FAQ
How much do homes cost in 34748?
The typical home in ZIP code 34748 is worth $274,372 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published for this ZIP was $284,450, about $166 per square foot (through May 2026).
Is 34748 a buyer's or seller's market?
ZIP code 34748 reads as a leaning buyer's on the supply and pace-of-sale data we hold. Redfin's ZIP-level series stopped in June 2026, so this classification is frozen rather than live.
Is 34748 cheaper than Okahumpka, FL?
ZIP 34748's median sale price of $284,450 is 25% lower than Okahumpka, FL's citywide median of $380,000 for the same period, and homes here go under contract in 76 days against 30 citywide.
What income do you need to buy a home in 34748?
At the current 30-year fixed rate of 6.66%, 20% down on a $274,372 home is about $1,411 a month in principal and interest. Under the standard 28% front-end rule that implies roughly $60,452 in gross annual income, before property taxes, insurance, HOA dues or mortgage insurance. Census puts the median household income in this ZIP at $58,192.
Are home prices rising in 34748?
The typical home value in 34748 fell 4.6% over the last 12 months, from $287,748 to $274,372 (Zillow, July 2026). Zillow's index still refreshes monthly, so this is the current read.
What data do you publish for ZIP code 34748?
Zillow's Home Value Index and Observed Rent Index (monthly, current), Redfin's median sale price, days on market, inventory and months of supply (final period May 2026), U.S. Census ACS demographics, NCES public school records, and Freddie Mac's 30-year fixed rate via FRED for the affordability math. Every figure on this page carries its source and period. Properties Incorporated publishes market data; it does not list homes and does not give financial advice.
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