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Housing Profile
Hernando County, Florida
  • Population, 2015: 176819. Hernando County ranks # 27 of Florida's 67 counties in population.
  • Households, 2015: 74444
  • Homeownership Rate, 2015: 80.9%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Hernando County is projected to have a population of 249199, ranking it # 26 of Florida's 67 counties.

Projected Total Population, Hernando County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Hernando County 172778 176819 193600 209297 223401 236703 249199
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

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

  • Single Family Home, average just value, 2016: $105261. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $49356.
  • Condominium, average just value, 2016: $52773.

Home Sales Prices

  • The average sales price for a single family home was $143152 in 2016. The median sales price that year was $131000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Hernando County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Hernando County Condominiums 66000 62250 57400 61000 56700 68750 72500 70000 80000 99700 130000 117500 92500 48500 40000 42250 41250 47000 60000 59250 55000
Hernando County Single Family Homes 70000 72000 75500 78900 83500 88000 95000 109700 132000 169300 205000 179900 139400 115500 105000 95000 94200 103300 118000 128800 131000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Hernando County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Hernando County 894 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Hernando County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $668 for a studio apartment, $795 for a one-bedroom, $992 for a two-bedroom, $1319 for a three-bedroom, and $1575 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Hernando County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Hernando County 75 22 883 3065 5142 4278 511 1140 15116
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 18 licensed manufactured housing parks in Hernando with 2257 lots in 2012.
  • There are 33 licensed condominium developments in Hernando with 979 units in 2012. Of these, 1 properties with 2 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Hernando County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Hernando County Hernando One to four-family (other than manufactured housing) 6825 5868 2667 1619 1358 1270 1128 2277 2776 3040
Hernando County Hernando Manufactured housing 398 227 196 140 54 69 65 122 155 207
Hernando County Hernando Multifamily 4 1 2 0 0 1 2 3 1 1
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

  • The Tampa-St. Petersburg-Clearwater MSA had a foreclosure rate for 1-4 unit homes of 10.86% and a serious delinquency (90+ day) rate of 3.94% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 25705 Hernando County households (35%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 13181 households in Hernando County (18%) pay more than 50% of income for housing.

Households by Cost Burden, Hernando County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 48739 12524 13181
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Hernando County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 42461 9603 8124
Renter 6278 2921 5057
Notes:  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 $59200 in 2016.

Households by Income and Cost Burden, Hernando County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 902 911 6267
30.01-50% AMI 3337 2095 3365
50.01-80% AMI 7959 4539 2236
80.01+% AMI 36541 4979 1313
Total 48739 12524 13181
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 30780 households in Hernando County (41.3%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 27816 of elderly households in Hernando (90.4%) own their homes.
  • 8427 elderly households (27%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Hernando County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 22353 4039 4388
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Hernando County was 2494 square feet.

Year Structure Built, Hernando County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Hernando County 22261 16223 27215 12564 3456 1805 470 594 84588 26.3 19.2 32.2 14.9 4.1 3.4
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Hernando County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Hernando County 1151 1.6 480 0.7 1416 1.7 919 1.1
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File