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Sarah Mitchell
Compass Real Estate · ZIP 34771
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34771 ZIP Code Housing Market
$446,653median sale price
What is the 34771 housing market like right now?
The median home sale price in ZIP code 34771 is $446,653, down 2.1% year-over-year. Homes sell in an average of 89 days with 465 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 34771 ZIP code a buyer's or seller's market?
ZIP code 34771 is currently a leaning buyer's and homes selling in about 89 days. How we determine this →
What are the latest 34771 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $446,653 |
| Median list price | $474,900 |
| Year-over-year price change | -2.1% |
| Average days on market | 89 days |
| Active inventory | 465 listings |
| Sale-to-list price ratio | 98.6% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 34771 zip code, located in Lake Mary Jane, FL, is currently classified as a leaning buyer's. The median sale price stands at $446,653, representing a -2.1% change year over year. Homes in this area spend an average of 89 days on the market before going under contract. There are currently 465 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 34771 sits in the Lake Mary Jane, FL area, roughly 8 miles from downtown Lake Mary Jane. Because home prices are set street by street, this ZIP can move differently from Lake Mary Jane's citywide averages. The figures below reflect 34771 specifically — drawn from Redfin transactions, U.S. Census data for its 35,257 residents, and Zillow value estimates.
Homes sold
364
Last 12 weeks
Days on market
89
Average pace
Active listings
465
Sale-to-list
98.6%
Below asking
What is driving the 34771 housing market?
The 34771 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 34771 have declined -2.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 34771 stands at $436,985, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,415 per month. This gives a price-to-rent ratio of approximately 15.1, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 34771?
Population
35,257
Median income
$97,415/yr
Median age
39.5 years
Owner-occupied
85.0%
College grads
39.1%
Avg commute
48.51 min
What is it like living in 34771?
Zip code 34771 is home to approximately 35,257 residents. The median household income is $97,415 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 85.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 39.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 48.51 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 34771.
Which public schools serve ZIP 34771?
4 schools tracked · 6,741 students
The largest public schools serving ZIP code 34771 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.
HARMONY HIGH SCHOOL
Grades 9-12 · 2,795 students
NARCOOSSEE ELEMENTARY SCHOOL
Grades PK-5 · 1,479 students
NARCOOSSEE MIDDLE SCHOOL
Grades 6-8 · 1,390 students
HARMONY MIDDLE SCHOOL
Grades 6-8 · 1,077 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 34771
What is the median home price in 34771?
The current median sale price in 34771 is $446,653, based on recent Redfin transaction data. Prices have changed -2.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 34771 a buyer's or seller's market?
The 34771 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 34771?
Zip code 34771 has a population of approximately 35,257 residents. The median household income is $97,415 per year. About 85.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 34771?
Properties Incorporated provides comprehensive data for 34771 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 34771 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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