Fanning Springs: Housing & Real Estate
Fanning Springs homes sell at a median $187,100 (estimated market value runs 19% higher at $222,910), with median rent $859 (about the same as Levy County median $850; 1.9× below Florida median $1,669). Homeownership rate: 84.5%. That's about the same as the Levy County median ($190,600); 1.9× below the Florida median ($359,000). Market is warm. Vacancy rate 16.1%. New construction makes up 22.0% of stock. A municipal building code is in effect.
- 3.5× annual income — home value vs. household income (vs Florida 5.1×).
- 18.2 years to break even renting at the median (vs Florida 18y).
- 4-BR rent is 1.7× a studio — rent gradient by unit size.
- Median rent 42% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $187,100 — 0.5× the Florida median ($369,200). Median rent $859/month. homeownership rate 84.5% — above the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.5× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 17.8% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 52.3% |
| Affordability · Poverty Rate | 18.6% |
| Affordability · Property Tax Pct Income | 1.7% |
| Fair Market Rent · Studio rent | $1,154 (vs Florida $1,593) |
| Fair Market Rent · One-bedroom rent | $1,246 (vs Florida $1,696) |
| Fair Market Rent · Two-bedroom rent | $1,493 (vs Florida $1,972) |
| Fair Market Rent · Three-bedroom rent | $1,868 (vs Florida $2,527) |
| Fair Market Rent · Four-bedroom rent | $1,977 (vs Florida $3,027) |
| Fair Market Rent · HUD FMR area | Gainesville, FL HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $222,910 |
| Median Home Value | $187,100 (vs Florida $369,200) |
| Median Rent | $859 (vs Florida $1,711) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 16.1% |
| Housing Market · New construction (% of stock) | 22.0% |
| Housing Market · Price Appreciation 2Yr | 25.9% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Florida median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Florida median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Florida median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 100.0% (vs Florida 74.2%) |
| Broadband · Broadband-capable premises | 709 |
| Electricity · Electricity rate (¢/kWh) | 14.14¢/kWh |
| Electricity · Customers | 10443373 |
| Electricity · Revenue Millions | $19,561 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Florida median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Florida median) |
| Mobile Home Parks Detail · County total | 3 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 84.5% (vs Florida 64.3%) |
|---|---|
| Median Year Built | 1999 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12