Real Estate Investing in Dunedin, Florida (34698)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 34698 (Dunedin, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.9% of homes vacant — above national norms.
What’s happening in Dunedin, FL (34698)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 34698 Dunedin
ZIP 34698 inside Pinellas County looks affordable on the surface — median value of $416K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $416K purchase price, 0.0% nominal cap — the work to hit that pro forma in 34698 is substantial and deserves full respect.
Regionally, 34698 sits on the difficult end of the FL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 34698 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 34698 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Dunedin:
Property Strategy for 34698
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $155,397 | $1,690 | 7.8% | +5.4% | $155,397 |
| 2BR | $300,031 | $1,970 | 4.7% | +7.3% | $150,016 |
| 3BR | $496,863 | $2,520 | 3.7% | +8.8% | $165,621 |
| 4BR | $696,541 | $3,070 | 3.2% | +10.0% | $174,135 |
| 5BR | $996,698 | — | — | +11.3% | $199,340 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 34698 Compare?
| Metric | 34698 | Dunedin | Tampa-St. Petersburg-Clearwater, FL | Florida |
|---|---|---|---|---|
| Home Value | $415,778 | $415,778 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.4% |
| Avg Rent | $2,060 | $2,060 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 34698 (Dunedin, FL). Anonymous, moderated, never written by AI.
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Property managers serving Pinellas County
Manage rentals here? List your business →All County Southern Shores provides full-service residential property management in Myrtle Beach, SC and surrounding areas, focusing on maximizing investment returns and managing tenant relationships. summary from their website
All County Suncoast provides full-service residential property management in Saint Petersburg, FL and surrounding areas, focusing on maximizing investment returns and managing tenant relationships. summary from their website
Dennis Property Management offers rental agency and management services in the Tampa Bay area, including multi-family management, investor packages, and resources for homeowners and tenants. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $415,778 |
| Monthly Rent | $2,060 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +3.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 34698
Population: 37,817
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 34698
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in Dunedin, FL?
In Dunedin, FL the median home value sits at $416K. Against the broader FL market, that reads as reasonable for most investors.
What is the rental occupancy rate in Dunedin, FL?
Occupancy in Dunedin, FL runs reliable with elevated vacancy. Well-priced units at $2,060/mo lease on reasonable timelines.
Does Dunedin, FL favor landlords or tenants?
Rental owners in Dunedin, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I house hack in Dunedin, FL?
Dunedin, FL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $416K price point reasonable to enter.
Is the tenant base reliable in Dunedin, FL?
Tenant demand in Dunedin, FL is solid. The local workforce $2,060/mo rents across most rental classes.
You know 34698 now. You don’t know where it ranks.
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How 34698 ranks in Tampa-St. Petersburg-Clearwater, FL
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