Housing Profile
Hernando County, Florida

• Population, 2007: 162193. Hernando County ranks # 29 of Florida's 67 counties in population.

• Households, 2007: 68183

• In 2030, Hernando County is projected to have a population of 237604, ranking it # 27 of Florida's 67 counties.

Projected Total Population, Hernando County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Hernando County	162193	169101	187798	205096	221900	237604
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

Existing Home Values (Based on County Property Appraisers' Just Value)

• Single Family Home, average just value, 2008: $157269. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $73660.
• Condominium, average just value, 2008: $83494.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $192855 in 2007. The median sales price that year was $179900, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Hernando County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Hernando County	Condominiums	66000	62250	57400	61000	56700	68750	72500	70000	80000	99700	130000	117500
Hernando County	Single Family Homes	70000	72000	75500	78900	83500	88000	95000	109700	132000	169300	205000	179900
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Hernando County households in 2000 was $550 per month, compared to a statewide median rent of $641.

• In Hernando County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $705 for a studio apartment, $782 for a one-bedroom, $946 for a two-bedroom, $1199 for a three-bedroom, and $1447 for a four-bedroom unit.

Households by Monthly Rent Paid, Hernando County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Hernando County	580	257	337	2034	2990	783	286	124

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 15915 Hernando County households (23%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 7612 households in Hernando County (11%) pay more than 50% of income for housing.

Households by Cost Burden, Hernando County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	52268	8303	7612
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Hernando County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	46129	6677	5962
Renter	6139	1626	1650
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

Household Income

• In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Hernando County and the surrounding metro area, the HUD-estimated median income for a family of four is $56500 in 2008.

Households by Income and Cost Burden, Hernando County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	1845	676	3613
30.01-50% AMI	4517	2028	2526
50.01-80% AMI	10936	3166	1073
80.01+% AMI	34970	2433	400
Total	52268	8303	7612
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 30254 households in Hernando County (44.4%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 56640 of elderly households in Hernando County (93.6%) own their homes.

• 5882 elderly households (19%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Hernando County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	24372	2949	2933
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 48053 households in Hernando County (70%) are made up of 1-2 persons in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.

• 15653 households in Hernando County (23%%) are made up of 3-4 persons in 2007. 22% of these households pay more than 30% of income for rent or mortgage costs.

• 4484 households in Hernando County (7%%) are made up of 5 persons or more in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Hernando County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	36651	5617	5785
3-4	12200	2026	1427
5+	3420	660	404
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 8293 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Hernando County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
3685	1873	2735

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Hernando County was 2452 square feet.

Year Structure Built, Hernando County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
444	481	1300	3028	12471	28138	16865	Hernando County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 1064 housing units (1.9% of all units) in Hernando County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 266 units (0.5%) in Hernando County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 250 units (0.4%) in Hernando County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 141 units (0.2%) in Hernando County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.