Hernando County, Florida Housing Market Prices
Hernando County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Florida median$263,027
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Median rent 22% below the Florida median$1,297
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $263,027 | $311,338 | $248,835 |
| Price Trend (Annual %) | 15.1% | 11.2% | 7.5% |
| Median Gross Rent | $1,297 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hernando County is about 16% lower than in Florida. Rent is about 22% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hernando County, up about 15.1% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Hernando County rose about 46.9% between 2015 and 2024, from $883 to $1,297. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Hernando County.
Buying the median-priced home in Hernando County costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hernando County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $263,027 | $311,338 | $248,835 |
| Median Household Income | $66,909 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hernando County rose about 224.0%, while median household income rose about 48.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.6% | 57.7% | 58.5% |
| Rental Rate | 15.6% | 27.7% | 31.2% |
| Vacancy Rate | 10.9% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Hernando County has a homeownership rate of 73.6%, higher than the Florida average of 57.7%. Its housing vacancy rate is 10.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | Hernando County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1992 | 1988 | 1978 |
| Median Number of Rooms | 5.7 | 5.2 | 5.5 |
The typical housing unit in Hernando County was built around 1992. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Hernando County, FL Housing Compared With Nearby Counties
Hernando County, FL is the 4th largest of the 6 counties compared here, 207,007 residents against a local median of 611,333. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Hernando County, FL an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 14% below the local median at $1,297 against $1,505. Hernando County, FL has the 4th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hernando County, FL | 207,007 | $263,027 #4/6 | $1,297 #4/6 | 82.5% #3/6 |
| Pasco County, FL | 611,333 | $239,239 | $1,505 | 75.7% |
| Citrus County, FL | 162,471 | $171,305 | $1,107 | 85.2% |
| Sumter County, FL | 143,408 | $342,264 | $1,269 | 87.6% |
| Hillsborough County, FL | 1,519,188 | $343,045 | $1,667 | 61.4% |
| Pinellas County, FL | 961,969 | $281,927 | $1,642 | 69.5% |
Frequently Asked Questions
Common questions about the housing market in Hernando County, Florida.
What is the median home price in Hernando County, Florida?
The median home price in Hernando County, Florida is $263,027, lower than the Florida average of $311,338.
What is the average home price in Hernando County, Florida?
The typical home price in Hernando County, Florida, reported as the median sale price, is $263,027. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hernando County, Florida?
The median gross rent in Hernando County, Florida is $1,297 per month, lower than the Florida average of $1,668.
What was the median gross rent in Hernando County in 2020?
In 2020, the median gross rent in Hernando County, Florida was $995 per month.
What is the price-to-rent ratio in Hernando County, Florida?
The price-to-rent ratio in Hernando County, Florida is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hernando County.
Are home prices or rent rising faster in Hernando County, Florida?
Both home prices and rent are rising in Hernando County, up about 15.1% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hernando County, Florida?
73.6% of households in Hernando County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Hernando County, Florida?
The housing vacancy rate in Hernando County, Florida is 10.9%, lower than the Florida average of 14.6%.
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